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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
XML - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.R4.htm
EX-31.1 - EXHIBIT 31.1 - LIBERTY ENERGY CORP.ex31_1apg.htm
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NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
12 Months Ended
Jul. 31, 2012
Accounting Policies [Abstract]  
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Liberty Energy Corp. (f/k/a DMA Minerals Inc., the “Company”) was incorporated on June 6, 2006 under the laws of the State of Nevada. The Company is currently an exploration stage company under the provisions of Accounting Standards Codification (ASC) No. 915, Development Stage Entities. Since inception, the Company has produced almost no revenues and will continue to report as an exploration stage company until significant revenues are produced. The Company’s principal activity is the exploration and development of oil and gas properties. Properties are located in the United States of America and Bulgaria.

 

The Company’s success will depend in large part on its ability to obtain and develop oil and gas interests within the United States. There can be no assurance that oil and gas properties obtained by the Company will contain reserves or that properties with reserves will be profitable to extract. The Company will be subject to local and national laws and regulations which could impact the Company’s ability to execute its business plan.