HOUSTON, Aug. 13, 2013 /PRNewswire/ -- Liberty Energy
Corp. (OTCQB: LBYE) ("Liberty" or "the Company") is pleased to
announce the appointment of new CEO Arthur
Roy. Mr. Roy has extensive experience in commercial and
residential real estate investments, as well as other acquisitions
and developments. In the last ten years, he has focused on small
cap investments and raising capital for oil & gas transactions,
including the acquisition of properties and redevelopment of
distressed properties. Mr. Roy received a BBA degree in Marketing
from The University of Texas,
Austin.
"Upon my appointment, we are immediately moving forward on a
series of mandates to support the launch of the oil & gas
acquisition program. The Company will share key developments and
will be launching a blog where it will provide ongoing information,
pictures of field developments and field visits," stated CEO
Roy.
These updates will be provided via the new Corporate
Website: http://LibertyEnergyCorp.com.
The Company has negotiated and is structuring the retirement of
a significant portion of the common shares outstanding. This is
being done to reduce the issued and outstanding common shares as
well as available common shares in Cede & Co (float) to support
the upcoming acquisitions.
As previously stated, there are currently several oil & gas
acquisitions with existing production that the Company intends to
acquire and develop. The Company has executed a Letter of Intent
with its first acquisition, details of which the Company will be
announced in a subsequent press announcement. These properties are
located in North Central Texas and
are shallow, low risk and have upside potential through workovers,
recompletions or infill drilling.
ABOUT LIBERTY: Liberty Energy Corp. (OTCBB: LBYE) is an
Independent Oil and Gas Exploration and Production Company
dedicated to the sourcing and production of oil and gas onshore in
the United States. Headquartered
in Houston, Texas, the company has
acquired several leases with extensive potential for future
development.
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.
Contact:
David Sexton, Investor
Relations Executive
Tel: 1-832-708-3909
Email: IR@LibertyEnergyCorp.com
Liberty Energy Corp.
Two Allen Center
Suite 1600
1200 Smith Street
Houston, TX 77002
Tel: 1-713-353-4700
Fax: 1-713-353-4701
Email: info@LibertyEnergyCorp.com
Website: http://LibertyEnergyCorp.com
Twitter: https://twitter.com/libertyEnergyCo
Facebook: http://facebook.com/LibertyEnergyCorp
SOURCE Liberty Energy Corp.
