Wednesday, November 26, 2014 6:50:56 PM
The Company is continuing to explore additional acquisition and merger options that meet our corporate goals of growing shareholder value through producing properties with upside potential. Our belief is that the current drop in oil prices will provide an excellent opportunity to acquire asset at more reasonable valuations.
As previously discussed, the Company is also planning a direct participation drilling program to drill new wells on all of the Baylor County leases. We have reached terms with a consulting geologist to commence review of the existing logs and area field data so we can select the best drill sites. In light of lower prices we are also rebidding the costs associated with these new wells. For investor information and direct participation program please contact Rita Karpel, rkarpel@libertyenergycorp.com or 832-459-7335.
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