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Daily Archives: April 21, 2012
Freedom DB Martin going to Guilford
Posted: April 21, 2012 at 12:12 pm
Credit: Paul Schenkel | The News Herald
Freedom senior Jaylan Martin recently signed to play football at Guilford College in the fall. Flanking Martin on the front row are his parents, Bobby (left) and Tomra. Pictured on the back row are (from left) Freedom defensive coordinator Forrest Blake, athletic director Joey Davis, head football coach Mike Helms and principal Dr. Ken Prichard.
Freedom senior Jaylan Martin almost quit football in his first year on the Glen Alpine pee wee team. He and his family are certainly glad he didnt now, as the defensive back recently committed to play for Guilford College next year.
Its paying off now, thats for sure, said Bobby Martin, Jaylans father who insisted he stick with the sport and helped coach many of his sons youth teams on the gridiron.
We are excited for him, added Tomra Martin, Jaylans mother. Were glad he made the decision and thought this would be a good fit for him.
Martin (5-8, 170), a three-year varsity football player who also lettered in basketball and track as a Patriot after moving up from Table Rock Middle, earned All-South Mountain 2A/3A Conference honors in football and track. He was also named Freedoms 2010-11 Male Athlete of the Year, was a second team All-Burke County football selection in 2011 by The News Herald and was named Burke County Football Player of the Week by The News Herald for his efforts against Burns, which included two non-offensive touchdowns of more than 75 yards.
Martin ended his senior campaign with 41 tackles and 24 pass breakups for a stingy Freedom defense that allowed just 85.3 passing yards per game and 13.4 points.
Martin said shortly after his fathers pushing him to give football one more try as a youngster, he set a goal to one day play in college.
Ive been thinking about this day since I started playing, he said. Im glad I didnt (quit). By the next year, when I was playing kids more my own age, I started scoring and feeling more at home on the field. It was worth it.
Martin said a member of the Quakers coaching staff initially came down to talk to him during basketball season. He visited the Greensboro campus twice afterwards, including taking in the teams spring game.
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Free Speech at Western University – Video
Posted: at 12:10 pm
19-04-2012 19:30 *YOUTUBE ADMINS THIS IS FREE SPEECH! DON'T TAKE THIS DOWN! GRRRR :p Mike Roy and Anthony Verberkmoes have been banned by Campus Police. Today, there was a rally in support of these 2 good friends of mine, who were only showing their solidarity with the Palestinian Cause on Feb 1st.
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Free Speech at Western University - Video
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Freedom and Art
Posted: at 7:15 am
Metropolitan Opera Archives
The Metropolitan Operas 1991 production of The Magic Flute, with sets by David Hockney. For excerpts from The Magic Flute
That great eccentric of the Enlightenment, Georg Christoph Lichtenberg, who put into his private notebooks just about everything that came into his head, once jotted down: Whoever decreed that a word must have a fixed meaning? He was perhaps the first to recognize the psychic constraint involved in the perception of meaning and the attempt to make it firm.
In his discussion of humor, Sigmund Freud deals with this laconically by a profound reflection. The mechanical structure of psychoanalytical theory is now rightfully laboring under some discredit, but Freuds literary genius gave him insights that are still valuable. After treating at length the kind of humor that allows a safe and neutralized outlet for the taboo expression of sexual desire and of social aggression, he arrives finally at pure humor, the jokes that are innocent of repressive fantasies, but just simple word games, silly puns that are only a form of play. (I can remember a superannuated example from my junior high school days: Why do radio announcers have such small hands? Wee paws [we pause] for station identification.)
To explain our delight in such foolishness, Freud invokes the lallation of very small children, who sit and repeat long strings of nonsense syllables (ba, da, mamow, bow, wowetc.) at great length for their own amusement. Learning a language, being forced to attach a meaning to a sound, is a burden to the child, who, in reaction, strings together senseless rhyming noises as a form of escape. Even for adults understanding speech is not devoid of effort, and can be a source of fatigue. With a silly play on words, there is a split second when a word suspended between two incompatible senses briefly loses all meaning and becomes pure sound, and for a lovely moment we revert to the delighted state of the child freed from the tyranny of language. Of all the constraints imposed on us that restrict our freedomconstraints of morality and decorum, constraints of class and financeone of the earliest that is forced upon us is the constraint of a language that we are forced to learn so that others can talk to us and tell us things we do not wish to know.
We do not learn language by reading a dictionary, and we do not think or speak in terms of dictionary definitions. Meaning is always more fluid. Nevertheless, we are hemmed in, even trapped, by common usage. Senses we wish to evade entrap us. The greatest escape route is not only humor, but poetry, or art in general. Art does not, of course, liberate us completely from meaning, but it gives a certain measure of freedom, provides elbow room. Schiller claimed in the Letters on Aesthetic Education that art makes you free; he understood that the conventions of language and of society are in principle arbitrarythat is, imposed by will. They prevent the natural development of the individual. The clash between the imposition of meaning and freedom has given rise to controversy in ways that Schiller could not have predicted.
The critical problem of the battle between conventional meaning and individual expression was best laid out many years ago in Meyer Schapiros apparently controversial insistence that the forms of Romanesque sculpture could not be ascribed solely to theological meaning but were also a style of aesthetic expression. What that meant at the time was quite simply and reasonably that the character of the sculptural forms could not be reduced only to their personification of theological dogma, but possessed a clear aesthetic energy independent of sacred meaning.
The fallacy that Schapiro was attacking has reappeared recently in musicological circles with the absurd claim that music could not be enjoyed for purely musical or aesthetic reasons until the eighteenth century since the word aesthetics was not used until then. (This naive belief that independent aesthetic considerations did not exist before 1750 without social and religious functions would strangely imply that no one before that date could admire the beauty of a member of the opposite sex unless it could be related to the function of the production of children.) It is true that some thinkers of the eighteenth century would proclaim the fundamental precedence of the aesthetic: Johann Georg Hamann observed with Vico that poetry is older than prose, and insisted that music is older than language, horticulture than agriculture.
We should recall here the extraordinary sixteenth-century controversy about style between the admirers of Cicero and of Erasmus, the former, led by tienne Dolet, believing that style had a beauty independent of the matter of the literary work, and the latter insisting that the beauty of style was wholly dependent on its consonance with meaning. (Dolet was burned at the stake, but not for his admiration of Cicero. Montaigne took the Erasmian position against pure stylistic shenanigans, but foreshadowed some twentieth-century criticism by avowing that when the style was as masterly as Ciceros it could be said to have become its own matter.) The contention that pure aesthetic appreciation was impossible before 1700 not only would make the existence of that controversy as early as the 1500s impossible, but also astonishingly overlooks both the innate aesthetic impulses of any human animal and the most obvious characteristic of every form of artistic endeavorthat at some point it inevitably draws attention away from its meaning and function to the form of expression, or from the signifi to the signifiant, to use the well-known structural linguistic terms that were so fashionable only a few decades ago.
This is most obviously the case when the signifier, the artistic form, so to speak, seems to have developed a sense somewhat at odds with the ostensible signified. Perhaps the most spectacular depiction of freedom in music may be brought up as evidence of this: the greeting of Don Giovanni to the masked guests at his party, Viva la libert! In the libretto, these words are only an invitation to have a good time, but they have often been understood politically. Oddly, the astute Hermann Abert denied the political implication, basing his view on the sense of the libretto. However, Mozart sets this as a call to arms, with trumpets and drums unheard in the work since the overture, and with an evident traditional martial rhythm, while the singers forte shout the words Viva la libert over and over again. In 1789, after twelve years of political agitation since the American Revolution, it is unlikely that anyone missed the political sense.
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Freedom and Art
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Abuse of Freedom of Speech
Posted: at 7:15 am
Feature Article of Saturday, 21 April 2012
Columnist: Twumasi, Patrick
The call by well meaning Ghanaians to both politicians and civil society groups to eschew the avid patronage of foul language most especially in this electioneering year, smirks of wrong self disposition in communication. The aroma to chronicle some few words to shed light on the most battered vocabulary without deeper understanding to most of its users, Free expression, is so inviting to resist. Freedom of speech originated and thrived among the ancient Greeks. Indeed, any society that promotes and ensures the festering of free expression curbs national strife. The Greeks defined Freedom of speech as expressing what is true and naturally exist. Therefore, in exercising ones natural right to self expression it is enjoined on the fellow to remain fare to his or her self and just to the audience. Hence, to express an idea or opinion which is deficient of truth and lacks natural existence only denigrates reputations and cripples social serenity. Naturally, no man has been called to a state of quietism. Besides, man as a moral being is said to be free. This same agent is considered as freedom, and freedom is man. Therefore, man has choices to make in every facet of life. This has been looked as a burden upon man. Nonetheless, in the execution of this free will to act one needs to take in to consideration the teleology of the actions. The exercise of ones right to free expression should not be to the detriment of fellow countrymen. Recent misguided and empty statements of some country men and women of varied classes of Ghanaian society without an iota of truth laced in there clearly defeat the true meaning of freedom of speech. This nuisance which is gradually creeping into the Ghanaian society with all the boldness should be nabbed in the bud, before we are sank in our own sea of recklessness. Can we be a little cautious, civil and responsible in our utterances? At the turn of the millennium the Communication expert, Hugo de Beuo, stated Freedom of expression is all but very well, but for an opinion to be well grounded you need, information, verifiable facts and contrasting views Therefore, statements made in respect to issues up for discussion, should require commentators and contributors alike to satisfy these three instructive barometers. It is unfortunate the rates at which these regrettable words that hoist the hate flag and hurts sensibilities are spewed with pride, without any display of remorse. Political parties, most often than not, prefer to opt for their communication team members with a tongue larded with brute sense of language to various fora. These Communicators, whether by accident or design defiantly trample on decorous linguistic in such formal fora. As a people, we can deny, deceive and be a deception to ourselves that all is well with the current state of affairs. The most disastrous and bizarre of every human society is to create a weapon which turns to destroy itself. It is a widely accepted view that, in every human society the breath of life is discourse. This definitely requests the use of palatable language which gives life to discussions and refreshing breath to society. Could Social Commentators do the apt opt in their art of word choosing? The 1992 Constitution has enshrined in it general fundamental freedoms. Article 21 clause 1 (a) and (b) stipulates, All persons shall have the right to, freedom of speech and expression, which shall include freedom of the press and other media; freedom of thought, conscience and belief, which shall include academic freedom These freedoms prescribed equally demands for level heads to display high sense of responsibility, though not avidly stated. Thoughts which are aired without any restrictions what so ever due to the grants in the constitution, but has the propensity to polarize society, will amount to the wrong application of a right instrument for illegal purpose. Therefore, one needs to be careful in exercising his or her prescribed freedom which might infringe on the same of others. Despite the press freedom which has been stipulated in the 1992 constitution in article 162, it will be most unpardonable for the gatekeepers to wrongfully apply this found freedom, and also present the dais for similar violations. Media houses owe it a duty to the people of Ghana to restrain volcanic erupting language from their panelist. Again, they should institute measures which will help them bar vitriolic Commentators from appearing on their networks. This they should not compromise. The agitations which went into prompting the last regime to repeal the criminal libel law should not be treated with disdain. We need to vehemently advertise and demonstrate the strident discontent, disregard and adherence to the abuse of freedom of speech with the media leading the way. Failure to banish this inflammatory utterances which has crept into our communicative life, will amount to reducing the denomination of responsible language not tenable in a civilised Ghanaian society in the near future. The false facts that are fed to the Ghanaian population by Politicians who make wild allegations which lack an iota of substance should not be permitted to thrive. If this sticky attitude is not done away with it will soon shove political statements into the bin without any serious perusal. The true meaning of free speech should be sort in whatever form it may be found to the best of our understanding in order to serve as a guide to both Politicians and Civil Society. This will help stem the tide menace of this lurid communicative art. As a people one thing we should learn is, he who the gods wish to destroy they first make proud, and he who spit into the air dirties his own face. These same reckless, irresponsible and empty pronouncements plunged Rwanda into one of the goriest history of humanity after the holocaust. Mistakes of the dead are example for the living.
Patrick Twumasi (0209045931)
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Abuse of Freedom of Speech
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Freedom's Triplett commits to Warren Wilson
Posted: at 7:15 am
Credit: Paul Schenkel | The News Herald
Freedom senior Tyler Triplett recently signed to play basketball for Warren Wilson College next year. Flanking Triplett on the front row are his mother Diana Epps (left) and stepfather Colin Epps. Pictured on the back row (from left) are Freedom principal Dr. Ken Prichard, Warren Wilson head coach Kevin Walden, Freedom athletic director Joey Davis and basketball coach Casey Rogers.
Freedom senior Tyler Triplett was not a starter in the Patriot boys basketball teams 26-3 season that included a trip to the 3A West Regionals.
But illustrating the depth Freedom had last year, Triplett recently accepted a scholarship offer to play for Warren Wilson College in Swannanoa next winter.
I think it speaks a lot about Tyler too, said Freedom coach Casey Rogers. He was only here a year, but his willingness to buy into what we did as a team and what we wanted from him, as well as his ability to learn, has helped him continue his basketball career.
Triplett, a 6-4 wing who transferred from Patton, averaged 5.6 points in 2011-12, including a season high of 17 in a home win over rival East Burke in early December. He was one of the Patriots better rebounders and 3-point shooters as well.
Hes a kid obviously we would have loved to have for four years, Rogers added. Hes just scratching the surface of what kind of player he can become. He didnt even play basketball until his 10th-grade year.
Fourth-year Warren Wilson coach Kevin Walden, whose Owls finished 16-9 last season in United States Collegiate Athletic Association Division II play, said Triplett would likely stay at the 2 or 3 positions in college.
I first saw Tyler play against Asheville and saw him two or three times after that, Walden said. I liked his athleticism and ability to shoot the ball. What we look for is great people who are great students and great basketball players. He meets all those facets.
And he has things you cant teach. The stuff he needs to improve on is stuff we can easily help him improve. Hes already working on strength.
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Freedom's Triplett commits to Warren Wilson
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ESGR Announces Semifinalists for 2012 Secretary of Defense Employer Support Freedom Award
Posted: at 7:15 am
ARLINGTON, Va.--(BUSINESS WIRE)--
Employer Support of the Guard and Reserve (ESGR), a Department of Defense agency, announced today that 133 employers have been selected as semifinalists for the 2012 Secretary of Defense Employer Support Freedom Award. The Freedom Award is the highest recognition given by the DoD to employers for exceptional support of their Guard and Reserve employees. This years semifinalists stood out among an impressive pool of 3,236 nominees.
Freedom Award nominations come directly from Guard and Reserve members, or family members acting on their behalf. The Freedom Award provides service members with an opportunity to recognize employers for going above and beyond what is required by law. Employers chosen as semifinalists support their Guard and Reserve employees through a variety of formal and informal initiatives, including developing internal military support networks, providing full benefits to employees fulfilling their military obligations, caring for the families of deployed employees, and granting additional leave to Guard and Reserve employees preparing to leave for or return from deployments.
"The employers selected as Freedom Award semifinalists have distinguished themselves for their support of their National Guard and Reserve employees, and are truly serving our Nation with their extraordinary commitment to these special employees," said ESGR National Chair James G. Rebholz. "Their efforts are to be applauded, and ESGR salutes these patriotic employers for their special care of their Guard and Reserve employees and their families while they serve our Nation in times of war and peace."
ESGR will announce the 2012 Freedom Award finalists next month after a review board comprised of military and civilian leaders selects the 30 most supportive employers from among the 133 semifinalists. The 15 award recipients will be announced early this summer and honored in Washington, D.C. at the 17th annual Secretary of Defense Employer Support Freedom Award Ceremony on September 20, 2012.
A complete list of Freedom Award semifinalists from each state is available at http://www.FreedomAward.mil under the Media Tab in the Press Releases section.
About ESGR and the Freedom Award:
The Freedom Award was instituted in 1996 under the auspices of ESGR to recognize exceptional support from the employer community. In the years since, 160 employers have been honored with the award. Established as a DoD agency 40 years ago, ESGR develops and maintains employer support for Guard and Reserve service. ESGR advocates relevant initiatives, recognizes outstanding support, increases awareness of applicable laws, and resolves conflict between service members and employers. Paramount to ESGR's mission is encouraging employment of Guardsmen and Reservists who bring integrity, global perspective and proven leadership to the civilian workforce.
For questions or interviews regarding the Freedom Award, please contact Mandi Rumble, ESGR Public Affairs, at 571-372-0704 or by email at ESGR-PA@osd.mil.
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ESGR Announces Semifinalists for 2012 Secretary of Defense Employer Support Freedom Award
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Bank Freedom Teams with FIS Mobile to Provide New Mobile Banking Offerings as a Safe and Convenient Alternative for …
Posted: at 7:15 am
NEWPORT BEACH, Calif., April 19, 2012 /PRNewswire/ --Bank Freedom, a wholly-owned subsidiary of PrepaYd, Inc. (OTC PINK :PPDC), today announced that Bank Freedom has a multi-year agreement for the FIS Mobile offering in support of Bank Freedom's mobile application for the underbanked market. FIS is the world's largest provider of banking and payments technology.
Bank Freedom provides financial services, including prepaid debit cards, to underbanked consumers. PrepaYd, Inc. also owns PrepaYd Wireless, a wireless phone provider that offers cell phones to consumers without the requirement of a long-term contract or the ability to prove credit worthiness.
With FIS Mobile at its center, PrepaYd, Inc. will launch a new mobile application targeted to the underbanked market that combines PrepaYd Wireless' cellular phone service and Bank Freedom's prepaid debit card programs. The new mobile application will enable consumers to manage their finances remotely via a mobile phone including checking balances, paying bills, viewing recent account activity and managing multiple cards. In addition to having transaction alerts sent to the mobile phone, consumers will also have the ability to manage funds via text message including the ability to send payments to other consumers and businesses. The application empowers a population that typically is excluded from the growing trend of mobile financial management because they do not possess a traditional bank account and may not have the credit record typically required for a cellular phone contract. The application will be available for iPhone, Android, BlackBerry and other Internet-enabled mobile phones.
"We believe to be a leader in the electronic payments industry, you must integrate reliable, robust and secure mobile financial services," said Bruce Berman, CEO, Bank Freedom and PrepaYd, Inc. "We selected FIS because of its ability to design a state-of-the-art mobile financial application that would meet our unique needs."
"More and more consumers are relying on the ability to manage their finances via their mobile phone," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "FIS' intuitive, reliable and secure mobile financial services platform will enable PrepaYd, Inc. to expand the availability of these services to an entirely new market segment."
About Bank Freedom and PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry and is in the process of becoming a prepaid wireless phone provider. The company, through one of its wholly-owned subsidiaries, Bank Freedom, offers prepaid debit cards to America's estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much needed product with the company's Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees' expenses other than through traditional credit cards or cash reimbursements. Through another wholly-owned subsidiary, PrepaYd Wireless, the company intends to offer mobile services to an estimated 110 million consumer demographic. Prepaid Wireless Services is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. In addition, PrepaYd Wireless offers mobile phones and wireless plans compatible for mobile financial services.
About FIS
FIS is the world's largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is ranked third on the Barron's 500, 426 on the Fortune 500 and is a member of Standard & Poor's 500 Index. For more information about FIS, visit http://www.fisglobal.com.
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Bank Freedom Teams with FIS Mobile to Provide New Mobile Banking Offerings as a Safe and Convenient Alternative for ...
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Bank Freedom Teams with FIS Mobile
Posted: at 7:14 am
JACKSONVILLE, Fla.--(BUSINESS WIRE)--
FIS (NYSE:FIS - News), the worlds largest provider of banking and payments technology, today announced that Bank Freedom, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK :PPDC), has signed a multi-year agreement for the FIS Mobile offering in support of Bank Freedoms mobile application for the underbanked market.
Bank Freedom provides financial services, including prepaid debit cards, to underbanked consumers. PrepaYd, Inc. also owns PrepaYd Wireless, a wireless phone provider that offers cell phones to consumers without the requirement of a long-term contract or the ability to prove credit worthiness.
With FIS Mobile at its center, PrepaYd, Inc. will launch a new mobile application targeted to the underbanked market that combines PrepaYd Wireless cellular phone service and Bank Freedoms prepaid debit card programs. The new mobile application will enable consumers to manage their finances remotely via a mobile phone including checking balances, paying bills, viewing recent account activity and managing multiple cards. In addition to having transaction alerts sent to the mobile phone, consumers will also have the ability to manage funds via text message including the ability to send payments to other consumers and businesses. The application empowers a population that typically is excluded from the growing trend of mobile financial management because they do not possess a traditional bank account and may not have the credit record typically required for a cellular phone contract. The application will be available for iPhone, Android, BlackBerry and other Internet-enabled mobile phones.
We believe to be a leader in the electronic payments industry you must integrate reliable, robust and secure mobile financial services, said Bruce Berman, CEO, Bank Freedom and PrepaYd, Inc. We selected FIS because of its ability to design a state-of-the-art mobile financial application that would meet our unique needs.
More and more consumers are relying on the ability to manage their finances via their mobile phone, said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. FIS intuitive, reliable and secure mobile financial services platform will enable PrepaYd, Inc. to expand the availability of these services to an entirely new market segment.
About Bank Freedom and PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry and is in the process of becoming a prepaid wireless phone provider. The company, through one of its wholly owned subsidiaries Bank Freedom, offers prepaid debit cards to Americas estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much needed product with the companys Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees expenses other than through traditional credit cards or cash reimbursements. Through another wholly owned subsidiary PrepaYd Wireless, the company intends to offer mobile services to an estimated 110 million consumer demographic. Prepaid Wireless Services is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. In addition, PrepaYd Wireless offers mobile phones and wireless plans compatible for mobile financial services.
About FIS
FIS (NYSE:FIS - News) is the worlds largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is ranked third on the Barrons 500, 426 on the Fortune 500 and is a member of Standard & Poors 500 Index. For more information about FIS, visit http://www.fisglobal.com.
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Bank Freedom Teams with FIS Mobile
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Jersey City Developer Liberty Harbor North Files for Bankruptcy
Posted: at 7:14 am
By Steven Church and David Voreacos - Thu Apr 19 20:37:54 GMT 2012
Liberty Harbor North Inc., a developer of waterfront property opposite Manhattan in Jersey City, New Jersey, filed for bankruptcy to resolve a $21 million court judgment related to the urban-renewal project.
Company President Peter Mocco, a former mayor of neighboring North Bergen, put three companies affiliated with the Liberty Harbor community into bankruptcy to settle a legal dispute with a former landowner.
We need the quick definitive action of the bankruptcy court to permit me to enter into a settlement, Mocco said today in an interview.
Liberty Harbor North controls land worth $350 million, the company said in court papers filed April 17 in U.S. Bankruptcy Court in Newark. The project itself is not in bankruptcy and has adequate cash flow, Mocco said.
The development is an example of new urbanism, which relies less on cars and more on public transportation in creating a sense of community, Bob Antonicello, executive director of the Jersey City Redevelopment Agency, said in a telephone interview.
It is monitored by more than 500 security cameras, served by two light-rail stations, and sits within walking distance of PATH trains run by the Port Authority of New York & New Jersey, Mocco said.
People have really looked at this and said this could be a striking example of how to redevelop cities, Antonicello said.
The bankruptcy filing is very disappointing, he said.
When the developer files a bankruptcy and thinks it wont impact the future development, thats ludicrous, he said. At the end of the day, bankruptcies have a stigma. This will be a stigma on what has the potential for being a jewel on the Hudson. This cold, calculating business move could have a very damaging effect on the city.
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Jersey City Developer Liberty Harbor North Files for Bankruptcy
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Liberty Energy Announces Execution of Letter of Intent for Texas Leases
Posted: at 7:14 am
HOUSTON, April 19, 2012 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE.OB - News) ("Liberty" or "the Company") announces executing a Letter of Intent to acquire new acreage in Texas.
The Company is pleased to announce that it has signed a memorandum of understanding to acquire an estimated 1,040 acres in Bastrop, Caldwell and Eastland Counties. The Company intends to conduct further geological and geophysical surveys to complete the plan of development for this project.
"We are extremely excited to announce this letter of intent and intend on providing further information on geological and geophysical work to be carried out once we have completed our due diligence process. These new prospects strengthen our commitment to secure Texan assets and ties in with our growth program of continued investment in onshore projects that grow shareholder value," Commented Ian Spowart, CEO of Liberty Energy Corp.
Bastrop County
Bastrop County is located in South Texas. The majority of production in Bastrop is attributed to the Austin Chalk and Navarro formations.1 The county presently houses over 1,700 wells and over 170 operators including; Texas Vanguard Oil Company, Chalker Operating Inc. and Petro-Gas Inc.2 The Eagle Ford Shale formation is in the oil maturity window and is present in Bastrop County. The play is 50 miles wide and an average of 250 feet thick at a depth between 4,000 and 12,000 feet. The oil reserves are estimated at 3 billion barrels with potential output of 420,000 barrels a day.1 Major producers in the county include Anadarko, Exxon-XTO and PetroHawk. Liberty will, under the terms of the LOI, acquire five leases comprising approximately 630 highly prospective acres within the county.
Caldwell County
There are four main pay zones within Caldwell County, the Sepertine, Dale Lime, Austin Chalk and Edwards. There are currently 385 operators (including Eagle Ford Oil Co., Inc., Luling O&G LLC and Texas Petroleum Investment Co.) and nearly 9,000 wells in Caldwell County.2From March 2010 to March 2011 the county produced over 1 million barrels.4 Liberty will, under the terms of the LOI, acquire two leases comprising approximately 300 greatly prospective acres within the county.
Eastland County
In addition to having the Marble Falls, Duffer and Mississippian formations Eastland County is the westernmost extension of the Barnett Shale play and can be considered as part of the active Barnett Shale play area.5 The Bend Arch has had a significant effect on the Barnett Shale with regard to its burial history and geo-thermal makeup. The Barnett is the source rock for the hydrocarbons produced from many of the shallower zones over the Bend Arch such as the Marble Falls and Duffer. There are currently 893 operators (including North Ridge Corporation, Sun Expl. & Prod. Co.-Abilene and B & B Oil, Inc.) and over 10,900 wells in Eastland County.2 Using a geology-based assessment methodology, the U.S. Geological Survey estimated a mean of 26.7 trillion cubic feet (TCF) of undiscovered natural gas, a mean of 98.5 million barrels of undiscovered oil, and a mean of 1.1 billion barrels of undiscovered natural gas liquids in the Bend Arch-Fort Worth Basin Province.6 Liberty will, under the terms of the LOI, acquire one lease comprising approximately 110 considerably prospective acres within the county.
ABOUT LIBERTY: Liberty Energy Corp (OTCBB:LBYE.OB - News) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, Liberty owns twelve leases based around numerous geological pay zones. In North-West Bulgaria, Liberty has royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low-sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of U.S. fuel reserves while seeking out further opportunities for the global energy markets.
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Liberty Energy Announces Execution of Letter of Intent for Texas Leases
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