HOUSTON, Nov. 22, 2013 /PRNewswire/ -- Liberty Energy Corp. (OTCQB: LBYE) ("Liberty" or "the Company") is pleased to announce the appointment of Armando Buchanan as CFO of Liberty. Mr. Buchanan is a seasoned financial executive with nearly 14 years combined experience in Corporate Finance, Oil & Gas Accounting, Investment Management, and Business Development. He has a diverse professional background inclusive of Upstream Energy Operations, Public Securities, and Information Technology Management.
"The addition of Armando to our team is a key development for the company. He is already working on implementing the policies and systems needed to manage our aggressive acquisition program. His experience with industry due diligence, financial modeling, deep industry connections and capital partners will be a valuable addition to our acquisition and financing efforts," stated CEO Roy.
Mr. Buchanan is currently the Chief Financial Officer for Eagle Ford Oil Co., Inc. a Houston based Oil & Gas operating company. Eagle Ford's operations are primarily focused in the Eagle Ford Shale trend, with shallow production in the Luling Branyon and Salt Flat Fields. His duties there include policy making, governance of the company's financial activities and direct operations oversight responsibility. His efforts have brought continuous improvement to field cost control, resource planning, and executive reporting.
Mr. Buchanan has held the FINRA Series 7 & 66 securities licenses, and has served in the office of Vice President of Investments with JP Morgan Chase and as a Wealth Manager at UBS. Mr. Buchanan held several consulting executive positions as a project manager for Buchanan Ventures, Inc. He also served as VP of Fortune Exploration an upstream exploration & production company. Mr. Buchanan is a graduate of the University of Houston, Bauer College of Business with a Bachelor's of Business Administration in Entrepreneurship & Finance from the renowned Wolff Center for Entrepreneurship which is nationally ranked by the Princeton Review.
ABOUT LIBERTY: Liberty Energy Corp. (OTCQB:LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of oil and gas onshore in the United States. Headquartered in Houston, Texas, the company has acquired several leases with extensive potential for future development.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law. Please read full disclaimer: http://www.libertyenergycorp.com/contact/disclaimer/
Arthur Roy, CEO
Liberty Energy Corp.
2425 Fountain View Drive
Houston Texas 77057
SOURCE Liberty Energy Corp.