31.03.2010 13:00:00
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Liberty Energy Corp. Announces Introduction of Experienced Management Team
Liberty Energy Corp. (OTCBB:LBYE.OB) ("Liberty" or "the Company") is pleased to introduce its highly experienced management team entrusted with the task of implementing the company’s future exploration, development and production plans. The new management team consisting of Ian A. Spowart as President and Chief Executive Officer and Dan Martinez-Atkinson as Chief Financial Officer, of the Independent Houston based Oil and Gas Exploration and Production Company.
Ian’s experience in the funding, development and management of capital projects – both in the UK and internationally – stretches back over 20 years. With a B.Sc in Business Management Studies from Brunel University, London, Ian’s career has ranged from deep coal mining and carbon capture initiatives for coal fired power stations to consulting positions for oil and gas exploration and development companies as well as management and director roles. Experienced in both private sector work and government initiative leadership, Ian has been responsible for large scale projects in the energy sector, including involvement in the £1.3billion Hatfield Power Park development. He brings to Liberty Energy a deep understanding of all aspects of corporate development from project evaluation and funding mechanisms to key communication strategies that will be of significant benefit as the company advances with its future objectives.
Dan’s strong academic achievements coupled with business experience within UK blue-chips and specialist consulting companies further enhances Liberty Energy’s wealth of expertise. Dan’s achievements include first-class honours in B.Sc Operations Management and an MA in Corporate Strategy and Governance, and more recently ACA (Associate Chartered Accountant). These have provided knowledge of organizational growth, development, structuring and strategies that have proven invaluable to Liberty Energy’s endeavours. His career has included positions at PriceWaterhouseCoopers, providing business development and taxation strategies to entrepreneurs and private clients. He then moved into a tax consultancy position with EDF Tax LLP, offering high-level specialist strategic advice to specific client needs.
This new management teams’ vast experience and knowledge of the industry will no doubt act as a catalyst for the company’s future exploration plans.
ABOUT LIBERTY: Liberty Energy Corp (OTCB: LBYE.OB) 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.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
ON BEHALF OF THE BOARD OF DIRECTORS,
Liberty Energy Corp
Ian Spowart - Chief Executive Officer
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