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 > Liberty Energy Corp.

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Comment by optiprimeon Mar 23, 2011 10:52am

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RE: Liberty Energy Corp.

LBYE posses key assets in the resource-rich state of Texas and high-quality gas fields of Bulgaria.

Once each well is in operation, LBYE has the potential to achieve a production capacity of 50-60 barrels daily. At $80 oil, that would add up to sales of roughly $11.7 million a year. Lockhart Northeast Project has 282 wells that could eventually produce 14,000 barrels of oil per day.

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