Liberty Energy Corp. (OTCBB:LBYE) signed a memorandum of understanding to acquire 1,040 acres leases in Bastrop, Caldwell and Eastland Counties on April 19, 2012. Under the terms of memorandum of understanding, Liberty Energy Corp. will acquire five leases comprising approximately 630 acres within Bastrop, two leases comprising approximately 300 acres within Caldwell and one lease comprising approximately 110 acres within Eastland County. Liberty Energy Corp. (OTCBB:LBYE) completed the acquisition of 1,040 acres leases in Bastrop, Caldwell and Eastland Counties on July 9, 2012.