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EXCEL - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.Financial_Report.xls
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EX-31.2 - EXHIBIT 31.2 - LIBERTY ENERGY CORP.ex31_2apg.htm
EX-32.1 - EXHIBIT 32.1 - LIBERTY ENERGY CORP.ex32_1apg.htm
EX-32.2 - EXHIBIT 32.2 - LIBERTY ENERGY CORP.ex32_2apg.htm
10-K - LBYE 10-K 07/31/12 - LIBERTY ENERGY CORP.lbye10k_073112apg2.htm
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EX-31.1 - EXHIBIT 31.1 - LIBERTY ENERGY CORP.ex31_1apg.htm
v2.4.0.6
NOTE 4 - UNEVALUATED OIL AND GAS PROPERTIES AND 3rd QUARTER RESTATEMENT (Details Narrative) (USD $)
3 Months Ended
Apr. 30, 2012
Jul. 25, 2012
Feb. 22, 2012
Integer
acre
Apr. 28, 2011
Jan. 09, 2011
Integer
Oct. 01, 2009
Integer
Sep. 22, 2009
Notes to Financial Statements              
Number of oil and gas leases           4  
Purchase price of oil and gas leases           $ 125,000  
Working interest in the Dahlstrom Lease           100.00%  
Net revenue interest in the Dahlstrom Lease           75.00%  
Working interest in the Ratcliff Lease           2.00%  
Net revenue interest in the Ratcliff Lease           75.00%  
Working interest in the Lockhart Project           100.00%  
Net revenue interest in the Lockhart Project           70.00%  
Number of leases in the Lockhart Project.           2  
Anton Lease tracts number           1  
Alexander Lease tracts number           3  
Shut in wells on the Anton Lease         1    
Leasehold cost written off for the Anton Lease         3,512    
Leasehold cost written off on Texas leases   690,397          
Accrued payable on Texas wells   23,280          
Bulgaria overriding royalty interest             0.0625%
Purchase price of Bulgaria overriding royalty interest             400,000
Monthly payments towards purchase of Bulgaria overriding royalty             100,000
Interest in exploration block retained after agreement termination       1.00%      
Payment retained by Bulgaria overriding royalty payment seller after agreement termination       100,000      
Bulgaria notes payable reduced by amount       300,000      
Bulgaria oil and gas properties reduced by amount       300,000      
Langold lease assignment agreement length     3 years        
Working interest in Bastrop County     100.00%        
Number of properties in Bastrop County     2        
Acres of exploration property in Bastrop County     300        
Working interest in Caldwell County     100.00%        
Number of properties in Caldwell County     5        
Property acreage in Caldwell County     622        
Working interest in Dillon Hall property     100.00%        
Acreage of the Dillon Hall property     5        
Working interest in Eastland County     100.00%        
Acreage of exploration property in Eastland County     112        
Restricted shares issued for Langold leases     24,155,435        
Banking days preceding assignment to determine restricted share value     10 days        
Original value assigned to the shares and leaseholdes     3,300,000        
Cash paid for the original Langold lease acquisition 20,000            
LBYE stock paid for the original Langold lease acquisition 1,800,000            
Value of stock paid for original Langold lease 243,932            
Total consideration paid for Langold leases $ 263,932