Liberty Energy Corp. (OTCPK:LBYE) executed a letter of intent to acquire 75% interest in 1,100 Acres with 17 oil wells, 4 injection wells, current production of 8 barrels of per day on August 20, 2013. Liberty Energy will issue restricted common stock transaction. Although the LOI allows for 60 days completing the purchase and sale agreement, Liberty Energy has submitted a purchase and sale agreement draft for review to close the transaction as quickly as possible, subject to final due diligence and legal review.

Liberty Energy Corp. (OTCPK:LBYE) cancelled the acquisition of 75% interest in 1,100 Acres with 17 oil wells, 4 injection wells, current production of 8 barrels of per day on August 20, 2014.