HOUSTON, Dec. 16, 2010 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company"),an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe is pleased to announce that its operations image gallery is now live on its website, which can be found at
The Company has confirmed that a fully updated website, including all operational images, has now been launched. The images are categorized into 'Photos of Lockhart', 'Photos of Dahlstrom', and also include links to a map of the Eagle Ford Shale Play, an area located near to the company's Lockhart lease that has recently seen significant investment activity by a number of large international operators. There is a further link to an article on the USGS Western Gulf Coast that highlights areas of undiscovered oil in Texas.
The Lockhart galleries contain images of the recent executive site visit in addition to several images of recent work on the Lockhart lease. The Company is currently in the process of completing the work-over in which it has re-entered 3 wells and drilled out 1 well on the Lockhart lease. The four wells in question are located on 3 tracts of land known as the Alexander A, housing 1 re-entry well called the #2, the Alexander B, housing 2 shut-in wells called the #1 & #3 and the Anton, housing 1 shut in well called the Anton #1.
The Dahlstrom galleries contain images of the re-entry work-over in which the company has perforated the intervals with productive sands, in an attempt to increase the level of production of natural gas. The galleries also contain images of the recent executive site visit in addition to images of the current balance testing currently being undertaken on the well, to determine the parameters at which the well will produce, allowing the company to determine an optimum level of production for the well.
"We are delighted to have this upgraded gallery online. We feel it is a good resource for our investors and will allow the company's ongoing progress to be tracked visually," commented Daniel Martinez-Atkinson, CFO of Liberty Energy Corp.
For more information on our current projects and new pictures of the team at work please see the Liberty Energy website at .
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 Two Allen Center Suite 1600 1200 Smith Street Houston, TX 77002 Investor Relations: 1-877-890-1650 ir@energy-liberty.com