Replies to post #313 on Liberty Energy Corp. (LBYE)

[Timothy Smith]

The market has been pretty flat and hasn't reacted much to news. As you likely know these micro cap stocks often times are not influenced that much by news. My guess is that some investors waiting for the right update / push were hoping for the same reaction and may have sold on news causing the reaction. Interesting story and potential here so staying tuned here.

[Timothy Smith]

Liberty Energy Corp. Announces Draw-Down to Fund Exploration of New Leases and Operational Activities

Jul 11, 2012 8:00:00 AM
2012 GlobeNewswire, Inc.

HOUSTON, July 11, 2012 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company") is pleased to announce a draw-down from its equity financing agreement.

The funds have been drawn to support the exploration of the Company's newly acquired Texas acreage and the ongoing operational activities on its existing oil and gas leases.

The Company has received the draw-down under the terms of its equity investment agreement that does not include any debt financing and facilitates funding of up to $8,000,000.

The Company is working to finalize geological and geophysical work plans to be completed on the new leases. The new leases make up over 1,000 acres in Texas and are considered to be low risk being positioned within proven, multiple payzone, producing counties. The Company also intends to work with existing partners to investigate and further develop the new and existing leases.

"We are delighted to have the continued support and financial backing of our investors. We are working with geologists and consultants to determine the best approach for our Company and its stakeholders. With the continued support of the financing agreement we hope to proceed with developing our new and existing assets" commented Ian Spowart, CEO of Liberty Energy Corp.

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 signed agreements to acquire 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 acquired 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 US fuel reserves while seeking out further opportunities for the global energy markets.