OTC Bulletin Board S & P Company Insight for LIBERTY ENERGY CORP
Profile
	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
Background
	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.
Management
	Management Officers Position  Ian A. Spowart President & Chief Executive Officer  Daniel  Martinez-Atkinson Secretary, Treasurer, Chief Financial Officer & Chief Accounting Officer Directors  Daniel  Martinez-Atkinson  Ian A. Spowart
Annual Report
	Annual Report   Income Statement   2009 2008 EXPENSES: Professional Fees 8 7 General & Administrative Expenses 5 10 Net income (13) (17) Share earns. basic Nil Nil Avge. com. shs. (Thou.) 60,000 49,726   Balance Sheet   2009 2008 Assets: Cash & equiv. 21 39 Tot. curr. assets 21 39 Total assets 21 39 Liabilities: Accts. pay. -- Pay. to a Director -- 5 Tot. curr. liabs. 5 Com. stk. p.$0.001 60 60 Paid-in cap. 6 6 Retained earns. (45) (32) Total liabs. 21 39 Common Shares (Thou.) 60,000 60,000
Interim Report
	Interim Report    08/01/2009  -  01/31/2010   Income Statement   2010 EXPENSES: Professional fees 7 General & administrative expenses 2 Net income (9) Share earns. basic Nil Avge. com. shs. (Thou.) 60,317   Balance Sheet   2010 Assets: Cash & equiv. 12 Tot. curr. assets 12 OIL AND GAS PROPERTIES, NET 525 Total assets 537 Liabilities: Accts. pay. 300 Loan Payable - related party 25 Tot. curr. liabs. 325 Com. stk. p.$0.001 60 Paid-in cap. 206 Retained earns. (54) Total liabs. 537 Common Shares (Thou.) 60,400
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue   Data Not Available   Quarterly Net Income, US$ Year Quarter Revenue   2010   3 Nil   2009   Full Year (10,000)   2008   Full Year (20,000)   2007   Full Year (10,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 Nil   2010   2 Nil   2010   3 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 Nil   2009   Full Year Nil   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 Nil   2008   Full Year Nil   2007   1 Nil   2007   2 Nil   2007   3 Nil   2007   4 Nil   2007   Full Year Nil
Stock Data
	Capitalization as of 01/31/2010:     Authorized Shares Outstanding Shares Common $0.001 par 150,000,000 60,400,000   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.