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Liberty Coal Energy Corp is a publiclly held development stage energy Company. The Company has positioned itself as a producer of thermal and specialty coals in the Appalachian Coal Basins.
Liberty's wholly owned Owsley coal deposit, in Owsley County Kentucky is the focus of the current development program. The Owsley deposit has a production permit in place with posting of reclamation bonds being the only action required to to activate the permit. Owsley willl produce thermal/steam coal for sale into the regional electric industries.
OWSLEY COUNTY KENTUCKY PROPERTY
The Owsley property covers approximately 1,000 acres and has 3,600,000 tons of coal recoverable by surface and high wall (auger) methods. There are underground reserves in place which are not being considered for production at this time. The Owsley project has a permit completed and technically approved by the Kentucky Department of Natural Resources for the first 80 acre phase.
On May 24, 2013 Liberty Coal Energy Corp. ("Liberty") paid $15,000 down toward the purchase of the Gamm Lease, the balance of which will be paid via a share transaction, not to exceed approximately $30,000.
The Gamm Lease is in Caddo Parrish, in Northwest Louisiana. The 20 acre property is located in the West 825 feet of the South One-Half of the Northwest Quarter (S 1/2 of NW 1/4) of Section 25, Township 21 North, Range 15 West, Caddo Parish, Louisiana.
The Gamm Lease is a previous producing property and contains 9 shallow (+/- 1700 ft.) production wells. The property is accessible by paved and dirt roads from Oil City LA and has electric power and some existing equipment on site. Liberty is in the process of restoring the existing wells to production and installing wellhead production equipment.
Liberty plans to test the next formation at approx. 2500 feet with additional wells.
There are additional shallow oil production opportunities in the immediate area that Liberty is considering for participation. 710,447,590 common shares issued and outstanding as of February 5, 2014