15 Dec 2010quarterly activities report▼ Bad
LIBERTY ENERGY CORP. reported quarterly revenue of $0 and a net loss of $81 thousand for the period ended 2010-10-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Nov 2010auditor change▼ Bad
Liberty dismissed its auditor George Stewart, CPA and hired ABBM Group, Ltd LLP on November 11, 2010. The filing reports no disagreements, but Stewart's reports for the past two years expressed substantial doubt about the company's ability to continue as a going concern.
18 Aug 2010material agreement● NeutralMajor
Liberty agreed with Asia Pacific Capital Ltd. that it can draw up to $4,000,000 in advances until July 18, 2014 (extendable up to 12 months). Each advance is repaid by issuing units of one share plus one and a half warrants, priced at the higher of $0.50 or 90% of the recent average share price, so funding comes at the cost of new shares and possible dilution for existing holders (an inference).
15 June 2010late filing notice▼ Bad
LIBERTY ENERGY CORP. notified the SEC that its quarterly report would be filed late.
22 Apr 2010asset acquisition disposition● NeutralMajor
This is a fuller re-filing of the March 30, 2010 acquisitions, adding company background: the company began in 2006 as DMA Minerals, abandoned its mineral claim, and became Liberty Energy in 2008 after a 25-for-1 share split. It describes itself as an early-stage exploration company with one producing well (the Dahlstrom gas well); it has paid one of four $100,000 instalments on the Bulgarian royalty, and Ian Spowart holds 15,400,000 shares (25.4%). The text is cut off, so later sections are not covered.
14 Apr 2010asset acquisition disposition▲ GoodMajor
On March 30, 2010 Liberty completed its first oil and gas purchases: Jackson County, Texas interests (a 2% working interest in the Ratliff property, 100% of the Dahlstrom property and 100% of four exploration properties of about 850 acres) for $125,000 in total, plus a tiny overriding royalty interest in North Western Bulgaria for $100,000, with a further $300,000 needed to reach the maximum interest. The company states it is no longer a shell company, so it now has oil and gas assets rather than being an empty shell.
16 Feb 2010material agreement● Neutral
Liberty Energy signed ongoing consulting agreements, effective February 1, 2010, to retain Daniel Martinez-Atkinson as Chief Financial Officer (US$5,000 a month) and Ian Spowart as Chief Executive Officer (US$6,500 a month). Either can be ended with 30 days' notice.
30 Oct 2009late filing notice▼ Bad
LIBERTY ENERGY CORP. notified the SEC that its annual report would be filed late.
18 Dec 2007late filing notice▼ Bad
LIBERTY ENERGY CORP. notified the SEC that its quarterly report would be filed late.
26 Mar 2007director interest notice● Neutral
- Atkinson Daniel Martinez became a LIBERTY ENERGY CORP. PRES, CEO, TRES, CFO, SECR and company insider (initial ownership filing).
20 Oct 2006securities registration● Neutral
LIBERTY ENERGY CORP. registered a small-business securities offering with the SEC.