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Liberty Energy Corp.
Symbol:  LBYE


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Business Summary: Liberty Energy Corp. engages in the acquisition, exploration, production and, if warranted, development of proven or prospective oil and gas properties in the United States and Europe.
 
Address
  Church Barn, 3 Church Ln, Barlby
  Selby , TX YO8 5JG
  Phone: 44.77.5981.9022
  Fax: 713-353-4701
  Website: http://www.energy-liberty.com
Auditor
  George Stewart, CPA
Transfer Agent
  Holladay Stock Transfer, Inc.
Employees:  2
ShareHolders:  21
Founded:  2006
Domicile:  Nevada
 
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Liberty Energy Corp.
Symbol:  LBYE


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Liberty Energy Corp., in the exploration stage as of Jan. 31, 2010, is a Houston-based oil and gas exploration and production company. The company has acquired lease interests and royalties in both Texas and Bulgaria, covering several wells with 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 Bulgaria, Liberty has acquired royalty rights to a 1,000,000-plus acre natural gas property (the A-Lovech exploration block), an area of high quality, low-sulphur natural gas condensate. On Mar. 30, 2010, Liberty completed the acquisition of certain interests in oil and gas properties in Jackson County, Texas. The interests assigned to the company included a 2% working interest in an 81.19-acre oil and gas property called the Ratliff property, acquired from Phoenix Oil & Gas LLC. The Ratliff property was not producing as of April 2010, and though it holds existing wells, the wells require workover to be put back into production. The acquired interests also included a 100% working interest in an approximately 58-acre, single-producing gas well property called the Dahlstrom property; and a 100% working interest in four separate properties comprising about 850 acres of exploration property. Also on Mar. 30, 2010, Liberty completed the acquisition of certain interests in oil and gas properties located in northwestern Bulgaria. The interests consist of 1/64th of 1% of a 100% overriding royalty. The company acquired this interest through the payment of $100,000, and the agreement with the seller allows Liberty to acquire additional interests in this property with the company's maximum being 1/16th of 1% of the 100% overriding royalty. In April 2010, Liberty announced that it had started to receive revenue generated by the sale of gas produced from the Dahlstrom lease in Jackson County. According to Liberty, the Dahlstrom lease, a single-well property, provides a sustainable quantity of natural gas, as well as holding the master meter, tying neighboring wells to the company's lease and giving potential future revenue from any additional wells drilled or re-entered in the surrounding area. The Dahlstrom lease is also a potential site to be re-entered for workover operations with a view to increasing production. Liberty intends to move forward with its plan to increase production on this well, and start the process of conducting intensive work programs on each Texas site to increase the company's reserves and production.
History:  INCORPORATED in Nevada June 6, 2006, as DMA Minerals Inc.; name changed to Liberty Energy Corp. June 11, 2008.
 
 
 
 
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Liberty Energy Corp.
Symbol:  LBYE


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Management
OfficersPosition
 Ian A. SpowartPresident & Chief Executive Officer
 Daniel  Martinez-AtkinsonSecretary, Treasurer, Chief Financial Officer & Chief Accounting Officer

Directors
 Daniel  Martinez-Atkinson
 Ian A. Spowart
 
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Liberty Energy Corp.
Symbol:  LBYE


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Capitalization as of 01/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par150,000,00060,400,000
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  04/16/2010, 21.
PRINCIPAL STOCKHOLDERS: April 27, 2010, Ian Spowart owned or controlled 25.5% of the Common, and Daniel Martinez-Atkinson 24.8%.
 
Transfer Agent:  Holladay Stock Transfer, Inc.   Scottsdale , AZ
 
OTC Bulletin Board( Primary): LBYE
 
 
DIVIDENDS: Common $0.001 par: No cash. Common split 25-for-1, June 11, 2008.
 
 
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Liberty Energy Corp.
Symbol:  LBYE


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Annual Report
 
Income Statement
  20092008
EXPENSES:
Professional Fees87
General & Administrative Expenses510
Net income(13)(17)
Share earns. basicNilNil
Avge. com. shs. (Thou.)60,00049,726
 
Balance Sheet
  20092008
Assets:
Cash & equiv.2139
Tot. curr. assets2139
Total assets2139
Liabilities:
Accts. pay. --
Pay. to a Director--5
Tot. curr. liabs. 5
Com. stk. p.$0.0016060
Paid-in cap.66
Retained earns.(45)(32)
Total liabs.2139
Common Shares (Thou.)60,00060,000
 
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Liberty Energy Corp.
Symbol:  LBYE


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Interim Report    08/01/2009  -  01/31/2010
 
Income Statement
  2010
EXPENSES:
Professional fees7
General & administrative expenses2
Net income(9)
Share earns. basicNil
Avge. com. shs. (Thou.)60,317
 
Balance Sheet
  2010
Assets:
Cash & equiv.12
Tot. curr. assets12
OIL AND GAS PROPERTIES, NET525
Total assets537
Liabilities:
Accts. pay.300
Loan Payable - related party25
Tot. curr. liabs.325
Com. stk. p.$0.00160
Paid-in cap.206
Retained earns.(54)
Total liabs.537
Common Shares (Thou.)60,400
 
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Liberty Energy Corp.
Symbol:  LBYE


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Liberty Energy Corp.
Symbol:  LBYE


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Quarterly Report Information   
 
Quarterly Revenue
 
Data Not Available
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   3Nil
  2009   Full Year (10,000)
  2008   Full Year (20,000)
  2007   Full Year (10,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1Nil
  2010   2Nil
  2010   3Nil
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year Nil
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year Nil
 
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