Liberty Energy Corp LBYE

Liberty Energy Corp is an energy company. The Company is engaged in the acquisition, exploration and development of natural resource properties. The Company's properties are located in the United States. The Company's operations are primarily located in Baylor County, Texas. The Company has four oil and gas producing leases in a transaction, which covers 1,038 acres with 17 oil wells, four injection wells and related surface production equipment. The leases provide 100% working interest and 70-75% net revenue interest (NRI) for the Company in exchange for seller financing, a carried 5% ORR and $50,000 in restricted preferred stock. The leases are estimated to contain a minimum of 15 and likely up to 30 infill drilling locations with expectations based on historical IP (initial production) rates of between 15-20 BOPD on new wells. The Company has working interests in Bastrop County, Caldwell County and Eastland County, all located in Texas.

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Liberty Energy Corp > Properties in Texas:

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Comment by optiprimeon Mar 23, 2011 10:46am

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Post# 18327462

RE: Properties in Texas:

Property in Bulgaria:
Deventci-R1, A-Lovech Block
Based within the A-Lovech exploration block which covers 1,830 square miles (or 1,171,200 acres) of the East European country, the property contains the deepest well drilled. With bottom-hole pressure of around 11,500psi, this is the highest pressured gas reservoir to be identified in Bulgaria. in Bulgaria for the past 30 years.

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