Category Archives: Liberty

NEW YORK, NY--(Marketwire -02/28/12)- American Liberty Petroleum, Corp. (OTC.BB: OREO.OB - News) announced yesterday that they are exploring the potential of the western part of the US in search of petroleum reserves. Companies like Anadarko (NYSE: APC - News), Gasco (AMEX: GSX - News) and Occidental Petroleum (NYSE: OXY - News) have all made claims in California and Nevada.

Yesterday, Pacific Investment Management Co.'s Mark Kiesel stated that technological improvements have helped drillers boost production. Onshore natural gas shale and oil shale developments are creating opportunities to invest in energy companies that may grow significantly faster than the overall US economy. (http://media.pimco.com/Documents/PER033-022312%20US_Game%20Changer%20GBL.pdf)

The report further states, "While natural gas remains a key driver of new job creation and capital spending across the country, high crude oil prices, an abundant supply of onshore oil reserves and new drilling technologies are also helping to stimulate growth and investment in domestic oil."

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.

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American Liberty Petroleum (OREO) Looking West

WASHINGTON (Reuters) - German healthcare conglomerate Fresenius Medical Care AG & Co has won U.S. antitrust approval to buy Liberty Dialysis Holdings Inc, provided it sells 60 dialysis clinics, the Federal Trade Commission said on Tuesday.

Fresenius has more than 1,800 outpatient dialysis clinics in the United States that serve some 130,000 patients while Liberty has 260 dialysis centers that serve some 19,000 patients, the FTC said.

The FTC said the outpatient dialysis clinics to be sold were in 43 U.S. markets.

Fresenius, the world's largest dialysis company announced in August it would buy privately held Liberty for $1.7 billion, including $1 billion in debt.

Fresenius reported earnings and a 2012 outlook on February 21 that was slightly below expectations as it grappled with a new reimbursement system in the United States.

U.S. state-run insurer Medicare, which provides insurance for about 80 percent of FMC's U.S. patients, no longer pays for individual services and drugs but instead makes a lump-sum payment per dialysis session, as long as patients are kept in good health. Medicare guarantees access to health insurance for Americans aged 65 and older and some disabled people.

Fresenius has a U.S. market share of more than a third by patient numbers, with its closest rival, Davita Inc, commanding about a quarter.

Fresenius, which also makes dialysis machines, said on February 21 that net income in the fourth quarter rose 14 percent to $310 million, slightly below the average estimate of $316 million in a Reuters poll.

(Reporting By Diane Bartz; Editing by Tim Dobbyn)

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U.S. backs Fresenius buy of Liberty with clinic sales

CHARLOTTESVILLE, VA. The Liberty Flames combined to shut down the Cavaliers, limiting No. 14 Virginia to two hits, en route to an 8-0 victory, Tuesday afternoon at Davenport Field. Liberty pitchers, Tim Dudley, Blake Forslund and Kody Young, combined to hold the Cavaliers in check, recording the fourth shutout of the year for the Flames. The trio allowed only two Virginia runners to reach as far as second base in the contest.

Liberty collected 11 hits in the game, with each Liberty starter having at least one hit. Right fielder Michael Robertson and catcher Trey Wimmer paced the Flames with two hits apiece. Liberty moves to 9-1 on the year. The victory was the first for the Flames against Virginia since a 9-7 win in Lynchburg on March 5, 2002, a span of eight games. The victory was also Liberty's first over a nationally ranked team since the Flames defeated No. 13 Coastal Carolina at the Big South Conference Tournament on May 24, 2008 in Danville, Va. Virginia falls to 5-2-1 on the season.

Liberty opened the contest by mounting a scoring threat in its first at bat of the afternoon. The visiting Flames loaded the bases with two outs in the top of the first inning, but Virginia starter Artie Lewicki retired the next Liberty hitter to keep the Flames off the scoreboard.

In the top of the third inning, Liberty plated the game's first runs to take the lead. With two outs, center fielder Andy Smith, who had walked, stole second and scored on a single by designated hitter Tyler Cox. Second baseman Bryan Aanderud followed with a run-scoring single for a 2-0 advantage. The Flames added to their lead in their next at bat, opening the fourth inning with three extra-base hits. First baseman Ryan Cordell led off the top of the frame by ripping a line drive into the left corner for a triple. Third baseman Dalton Sype followed with a double to give Liberty a 3-0 edge. The next batter, shortstop Zack Haley, blasted a double off the top of the wall, cashing in Sype for a 4-0 lead. Two batters later, Robertson singled home Haley for a 5-0 advantage. In the fifth inning, the Cavaliers advanced their first runner to second base in the game with one out on an error and walk. However, Liberty pitcher Blake Forslund was able to get shortstop Chris Taylor to bounce into a double play to end the frame.

A Virginia error in the top of the sixth inning opened the door for the Flames to extend their lead with three more runs. With two out and the bases loaded, Cavalier second baseman Keith Werman dropped a throw to second base, allowing a run to score and the inning to continue. Wimmer followed with a two-run single, upping Liberty's lead to 8-0.

Dudley, the Flames starter, gave up one hit and struck out one batter, before leaving after 2 1/3 innings due to a stiff back. Forslund followed with 3 2/3 scoreless innings of work. The right-hander, who transferred to Liberty from Virginia in 2010, did not allow a hit, striking out five batters and walking five. Young earned his first save in a Flames uniform, pitching the final three frames, yielding just one hit. Young struck out three batters and walked one.

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Liberty Knocks Off UVa on the Diamond

BOSTON--(BUSINESS WIRE)--

To help meet the needs of mid-sized companies—and the employee benefits brokers and consultants who serve them—Liberty Mutual Insurance has introduced the Benefits Select product line. Benefits Select is a suite of cost-effective group disability products designed to help employers attract and retain employees while watching the bottom line.

“Our goal with the Benefits Select product is to provide affordable benefits backed by our exceptional customer service and claim management,” notes Jean Scarrow, chief operating officer, Liberty Mutual Insurance’s Group Benefits unit. “We offer the same level of case management as in our high-end customized products. Benefits Select offers solid group disability products, balanced with a standard plan design that allows a lower price point.”

Benefits Select features two complementary group products. The first is an administrative services only short-term disability product. The second is a fully insured long-term disability product. Taken together, the Benefits Select suite provides:

Flexible funding options Alternate plan designs Secure online tools for employees and employers to file and manage claims Effective clinical management

“The addition of Benefits Select allows benefits brokers and consultants to better meet the needs of their clients,” notes Scarrow. “Some—particularly those in the middle-market— want the savings provided by the cost-effective, standardized plan design of Benefits Select, while others require higher levels of customization and flexibility to meet the needs of their employees. In any event, without exception, all of our customers benefit from our unparalleled clinical management protocols and return to work focus.”

More information on Liberty Mutual Insurance’s Benefits Select products is available at http://www.libertymutualgroup.com/groupdi.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on A.M. Best Company's report of 2010 net written premium.

Liberty Mutual Insurance also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2010, Liberty Mutual Insurance had $112.4 billion in consolidated assets, $95.4 billion in consolidated liabilities, and $33.2 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 45,000 people in more than 900 offices throughout the world.

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Liberty Mutual Insurance Launches New Benefits Select Group Disability Products

BAKERSFIELD, Calif.--(BUSINESS WIRE)--

American Liberty Petroleum Corp. (OTCBB: OREO)(herein after "American Liberty" and/or "the Company") is pleased to review Western America's established energy production legacy while exploring its ongoing potential.

American Liberty Petroleum's President, Alvaro Vollmers, commented: "We consider ourselves fortunate to have the opportunity to further America's tradition of western US energy production. Our Nevada-based projects represent our belief that there are real solutions within our own borders that will contribute to the nation’s increased energy independence."

In 1865, the first commercial oil well in California was drilled. Today, hundreds of thousands of barrels of oil are produced in the area every day through the combined efforts of major western industry players such as Chevron, Occidental Petroleum and Aera Energy (jointly owned by ExxonMobil and Royal Dutch Shell).

As of 2009, California’s average crude oil production was 568,000 barrels per day,[1] making it the third highest oil producing state behind Texas and Alaska.[2] At the same time, abundant oil and gas reserves still remain untapped in the western US. As of year-end 2008, California represented:

2.7 billion barrels of proved crude oil reserves 2.4 trillion cubic feet of natural gas reserves 17 of America’s 100 largest oil fields [1] 18 giant oil fields (production > 100 million barrels each) 4 super giant fields (production >1 billion barrels each) [3]

In 2009, Occidental Petroleum made a significant oil and gas discovery believed to be the largest in California in over 35 years (1+ billion barrels of oil and natural gas equivalents).[4]

To the immediate east is the state of Nevada, where the Shell Oil Company first discovered oil in 1954.[5] As of March 2010, 51.12 million barrels of oil had been produced in Nevada.[6] Among Nevada's 9 producing fields is the world class Grant Canyon oil field,[5] which for some years was the site of two of America’s highest producing wells.[7] As of February 2010, the Grant Canyon oil field represents total production of 21.13 million barrels of oil.[6] While production and exploration continues in Nevada, the state is considered under-explored.

FOR MORE INFORMATION
Learn more about Western America's energy production potential at the American Liberty Petroleum website, where you can also find more information about the Company as well as the latest news releases: http://www.americanlibertypetro.com.

ABOUT AMERICAN LIBERTY PETROLEUM CORP.
Based in Bakersfield, California, American Liberty is a publicly traded company (OTCBB: OREO.OB) focused on reducing America’s need for imported oil through discovering major, new onshore US energy resources and by tapping overlooked or undervalued onshore domestic resources through exploration and development technologies not previously available. Recent significant discoveries, such as Occidental Petroleum's estimated 1+ billion barrels of oil and natural gas equivalents in California*, underscore the potential for developing new oil and gas production solutions in western America. Next door in the under-explored state of Nevada, American Liberty's 6,397-acre Gabbs Valley Prospect is located on the 26,000-acre Cobble Cuesta structure, which is estimated to represent oil reserves of 4+ billion barrels**. The Company's 7,270-acre Kibby Flat Prospect in the Monte Cristo basin, meanwhile, represents estimated ultimate recovery (EUR) of as high as 669 million barrels of oil according to a 2008 report***.

* Occidental Petroleum's Path to Easy Oil. Forbes Magazine, March 29, 2010
** Reserve Estimates for the Cobble Cuesta Structure, Alfred H. Pekarek, Ph.D., Geologist, January, 2008
*** Kibby Flat Prospect report, Jerry Walker, Consulting Geologist, Sept. 2008

ON BEHALF OF THE BOARD OF DIRECTORS,

American Liberty Petroleum Corp.
Alvaro Vollmers, President

4900 California Ave
Tower B-210
Bakersfield, CA
93309

OTCBB: OREO.OB

Certain statements in this press release are considered to be 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. American Liberty Petroleum Corp. bases these forward-looking statements on current expectations and projections about future events, which are based on information currently available. The forward-looking statements in this press release may also include statements relating to American Liberty Petroleum Corp.'s anticipated business prospects, new developments, financial performance, strategies and similar matters. American Liberty Petroleum Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Cautionary Note to U.S. Investors -The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in this press release, such as “measured,” “indicated,” and “inferred” “resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml.

SOURCES:
1. US Energy Information Administration (EIA) website, June 25, 2010
2. ABC News website, Oct. 28, 2009
3. San Joaquin Geological Society, 2002
4. Forbes Magazine, March 11, 2010
5. Nevada Commission of Mineral Resources website, Feb. 9, 2004
6. State of Nevada Division of Minerals website, June 23, 2010
7. Rig Zone website, March 23, 2005

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American Liberty Petroleum Corp. Reviews Western American Energy Production & Potential

WARNER ROBINS -- The Liberty County boys basketball team did its homework during the past week at practice. The result was the Panthers earning a pass into the second round of the GHSA Class AAAA tournament.

Three Liberty County players scored in double figures as the Panthers beat Northside 75-58 in a first-round tournament game Saturday.

“We looked at film on (Northside), and we knew how much they like to press,” Liberty County senior Sayvon Wilson said. “We practiced every day on how to break it. We just had to penetrate.”

Wilson led all scorers with 20 points. He scored 10 in the third quarter as the Panthers held off a furious Northside rally. Junior Michael Farrior came off the bench to score 16 points, including 13 in the fourth quarter. Senior center Melvin King got Liberty County off on the right foot by hitting for eight of his 16 points in the first quarter.

Depth of talent had been a mainstay of Northside’s team all season. But while Liberty County didn’t go as deep to its bench, the Panthers were more effective. Sophomore reserve Derrick Brooks had five assists. Liberty County’s bench outscored that of Northside 32-28.

“We worked on (breaking pressure) all week,” Liberty County head coach Willie Graham said. “They’re going to leave somebody open on the weak side. We didn’t give (Northside) as many turnovers as they thought.”

The Panthers committed eight of their 20 turnovers in the third quarter as the Eagles nearly came all the way back from a 12-point deficit.

Northside (20-8) trailed 44-32 with 4:05 left in the third quarter. Senior Devon Tanner led the Eagles back by scoring seven points during Northside’s 15-6 run that closed the quarter. The Eagles, however, were unable to get a tying basket. Two 3-point shots in the final 30 seconds of the quarter rimmed out. Liberty County answered by scoring the first five points of the fourth quarter.

Tanner led Northside with 10 points. Denard Williams and Jarius Smith each added eight for the Region 1-AAAA champions.

Liberty County (21-7) held a distinct rebounding advantage. The Panthers also converted 16-of-19 free throw attempts. One week after making just 30 percent of their free throws in a consolation game loss in the Region 2-AAAA tournament, the Panthers made were perfect on 14 tries in the fourth quarter on Saturday.

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Liberty County topples Northside boys

Liberty University in Lynchburg may acquire a satellite campus in the rural town of Northfield, Mass., providing a brick-and-mortar outpost for online students from the Northeast and, possibly, a secluded site for an undergraduate honors program.

If the deal goes through, the property would be a gift to Liberty from the family of Steve Green, an Oklahoma billionaire and president of Hobby Lobby, a craft-store chain with Christian roots.

"We deeply appreciate the Green family and Hobby Lobby contacting Liberty and making this offer. ... We appreciate their confidence in Liberty," said LU Chancellor Jerry Falwell Jr.

The 217-acre campus was built in 1879 by evangelist D.L. Moody on the Connecticut River. For decades, it was home to the Northfield Mount Hermon School, a prestigious boarding school that has since relocated.

The property includes 43 buildings ranging from academic halls to dormitories to an athletics facility with indoor pool.

In 2009, the Green family bought the site for $100,000 and has since invested $5 million in improvements.

Hobby Lobby recently invited 15 Christian schools and organizations to submit proposals of possible uses of the property.

The goal is to donate the campus to a school or organization with the funds to maintain its century-old buildings and uphold its Christian heritage, said Jerry Pattengale, a college administrator hired by Hobby Lobby to find a new owner.

Liberty responded with strong interest and is a top contender, said Pattengale.

"All I can say at this point is that they're in a very strong position," he said. Liberty "has a great track record."

Falwell said Liberty's proposal is to become part-owners of the campus with another Christian institution.

If Liberty becomes a part-owner, their preliminary plans are to develop an honors program there and hold classroom sessions for online students.

Pattengale said the final decision falls with the Green family and is not expected for at least two months.

Excerpt from:
Liberty University may expand to Massachusetts

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) will be presenting at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday February 28, 2012 at 1:35 p.m. Pacific Time at The Palace Hotel in San Francisco, California. Liberty Global may make observations concerning its historical operating performance and outlook. The presentation will be webcast live at http://www.lgi.com. We intend to archive the webcast under the investor relations section of our website for approximately 30 days.

About Liberty Global, Inc.

Liberty Global is the leading international cable operator offering advanced video, voice and broadband internet services to connect its customers to the world of entertainment, communications and information. As of December 31, 2011, Liberty Global’s continuing businesses operated state-of-the-art networks serving 20 million customers across 13 countries principally located in Europe and Chile. Liberty Global’s operations also include significant programming businesses such as Chellomedia in Europe.

For more information, please visit http://www.lgi.com.

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Liberty Global to Present at the Morgan Stanley Technology, Media & Telecom Conference

Liberty University may acquire a satellite campus in the rural town of Northfield, Mass., providing a brick-and-mortar outpost for online students from the Northeast and, possibly, a secluded site for an undergraduate honors program.

If the deal goes through, the property would be a gift to Liberty from the family of Steve Green, an Oklahoma billionaire and president of Hobby Lobby, a craft store chain with Christian roots.

“We deeply appreciate the Green family and Hobby Lobby contacting Liberty and making this offer… We appreciate their confidence in Liberty,” said LU Chancellor Jerry Falwell Jr.

The stately, 217-acre campus was built in 1879 by evangelist D.L. Moody on the Connecticut River. For decades, it was home to the Northfield Mount Hermon School, a prestigious boarding school that has since relocated.

The property includes 43 buildings ranging from academic halls to dormitories to an athletics facility with an indoor pool.

In 2009, the Green family bought the site for $100,000 and has since invested $5 million in improvements.

Hobby Lobby recently invited 15 Christian schools and organizations to submit proposals of possible uses of the property.

The goal is to donate the campus to a school or organization with the funds to maintain its century-old buildings and uphold its Christian heritage, said Jerry Pattengale, a college administrator hired by Hobby Lobby to find a new owner.

Liberty responded with strong interest and is a top contender, said Pattengale.

“All I can say at this point is that they’re in a very strong position,” he said. “[Liberty] has a great track record, and they really resonate with the campus. They are certainly one of the very strong candidates.”

Falwell, who visited the campus in January, called it “stunning” and said the buildings are in top-notch condition.

He said Liberty’s proposal is to become part-owners of the campus with another Christian institution. Northfield’s remote location and high cost of upkeep precludes Liberty from wanting to take full ownership.

“Several other colleges are interested,” Falwell said. “We’re hoping that maybe two or three could jointly own the property and could each use it for different purposes.”

The Green family has a storied history of strategically buying properties to donate to Christian schools and churches.

In Lynchburg, the Greens bought the former Ericsson manufacturing plant on Candler’s Mountain Road and donated it to the Falwells. The gift was instrumental to Liberty’s growth and today serves as the hub of campus.

Liberty devoted more than 1,000 hours to its proposal for Northfield. The university became a contender after the C.S. Lewis Foundation, which planned to found a liberal arts college on the site, failed to reach its fundraising goal last December. That prompted Hobby Lobby to look for an owner with a stronger financial picture.

If Liberty becomes a part-owner, their preliminary plans are to develop an honors program there and hold classroom sessions for online students.

“I think we could put together some programs that would benefit our students and would be a real positive,” Falwell said.

Pattengale said the final decision falls with the Green family and is not expected for at least two months. 

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Liberty University may get satellite campus

By Edmund Lee - Thu Feb 23 21:21:37 GMT 2012

John Malone’s Liberty Interactive Corp. (LINTA), the media company that owns stakes in QVC Inc., AOL Inc. (AOL), Time Warner Inc. and others, said it plans to split its shares into two tracking stocks.

The Liberty Interactive tracking stock will include Liberty’s interests in home-shopping services QVC and HSN Inc. (HSNI), as well as QVC bonds and $1.1 billion of Liberty’s publicly traded senior notes and debentures, the company said today. Liberty Ventures will include interests in Expedia Inc. (EXPE), Time Warner (TWX), Time Warner Cable Inc. (TWC) and AOL as well as $1.25 billion of cash and $3 billion of Liberty’s publicly traded debentures.

“We expect this recapitalization to highlight each tracking stock’s operations and financial aspects of the attributed assets, provide greater investor choice, and raise capital while maintaining an optimal capital and tax efficient structure for Liberty,” Chief Executive Officer Greg Maffei said in the statement.

Stockholders will receive 1 share of Liberty Interactive for each Class A or Class B share currently owned. They will get 1 share of Liberty Ventures for every 20 Class A or Class B Liberty shares.

Shares of Englewood, Colorado-based Liberty Interactive gained 2.3 percent to $18.39 at the close in New York. They have advanced 13 percent this year.

To contact the reporter on this story: Edmund Lee in New York at elee310@bloomberg.net

To contact the editor responsible for this story: Ville Heiskanen at vheiskanen@bloomberg.net

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John Malone’s Liberty Interactive Plans to Split Into Two Tracking Stocks