LBYE - Liberty Energy Corp

Liberty Energy Corp. is an independent oil and gas exploration 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, operating 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 natural gas wells on 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. Interested parties are invited to visit the corporate website, www.energy-liberty.com.

Liberty Energy Corp
Two Allen Center, Suite 1600
1200 Smith Street
Houston, Texas
77002
United States of America
Email: info@energy-liberty.com
Tel:713 353 4700
Fax:713 353 4701

Liberty Energy Receives First Revenue from Production

Press Release Source: Liberty Energy On Thursday April 22, 2010, 9:00 am EDT
HOUSTON--(BUSINESS WIRE)--Liberty Energy Corp. (OTCBB:LBYE.OB - News) ("Liberty" or "the Company") is pleased to announce it has started to receive revenue generated by the sale of gas produced from the Dahlstrom Lease, Jackson County, Texas.

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 our lease and giving potential future revenue from any additional wells drilled or re-entered in the surrounding area. Further to this, the Dahlstrom lease is also a potential site to be re-entered for workover operations with a view to increasing production.

“We are delighted that the Dahlstrom lease has commenced producing cash flow for the company. It puts Liberty in a strong position where we now have natural gas revenues, helping to fund day-to-day operations. We intend to move forward with our plan to increase production on this well, and start the process of conducting intensive work programs on each Texan site to increase our reserves and production”, commented Ian Spowart, Liberty’s CEO.

ABOUT LIBERTY: Liberty Energy Corp (OTCB:LBYE.OB) 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.