Liberty Energy Corp. has executed a Letter Of Intent (LOI) to acquire 1,100 Acres with 17 oil wells, 4 injection wells, current production of 8 Barrels of Per Day (BOPD) from operating wells with Working Interest 75% / Net Revenue Interest 80% in an all restricted common stock transaction.

Phase 1 development on the Baylor County, Texas leases includes a workover of each of the 17 wells with expectations of 2.5-4 BOPD per well after workover. This is based on recent activity, local area results and our operating partners expertise. There are 4 phases planned to increase the leases current production through workovers, radial jet horizontal drilling, recompletions and new infill drilling.

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