HOUSTON, Nov. 24, 2010 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company") is pleased to announce its CEO and CFO along with technical partners have arranged a site visit to the Company's domestic acreage.
The Company is pleased to report that its Chief Executive Officer, Ian Spowart, together with Chief Financial Officer, Daniel Martinez-Atkinson, and technical partners, have arranged a site visit to the Company's Texan acreage and potential new prospects, towards the latter end of the week.
The main objective of the site visit is to assess the well logs from the Dahlstrom well and progress on Phase 1 of the multi phase work-over on the Lockhart project. While in the area, the team will also be surveying potential future drill sites within the Lockhart acreage.
Ian Spowart, Chief Executive Officer, said, "This visit with our operations team coincides with the completion of Phase 1 of the Lockhart project. It will be good to see the work completed, and evaluate further drilling activity on the acreage."
"We also plan to meet landowners and representatives with a view to purchasing further holdings in the local area. The increased activity in the area is a good indication that other companies share our views on the value of the field".
ABOUT LIBERTY: Liberty Energy Corp (OTCBB:LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, four leases – Dahlstrom, Ratliff, and two at Lockhart Northeast – are identified as rich oil and gas sites based around numerous geological pay zones. In North-West Bulgaria, Liberty has royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low- sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of U.S. fuel reserves while seeking out further opportunities for the global energy markets.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
ON BEHALF OF THE BOARD OF DIRECTORS,
Liberty Energy Corp
Ian Spowart Chief Executive Officer
CONTACT: Liberty Energy Corp. 713-353-4700 Fax: 713-353-4701 info@energy-liberty.com INVESTOR RELATIONS: 1-877-890-1650 ir@energy-liberty.com Two Allen Center Suite 1600 1200 Smith Street Houston TX 77002