Liberty Petroleum

Since 1997, Liberty Petroleum has acquired more than 24 exploration blocks worldwide. The privately held Arizona company acquires onshore and offshore oil and natural gas permits and holds royalty and working interests in exploration projects. Its interests span North America, the Middle East, Southeast Asia, and Australia, with additional blocks offshore Somalia, Liberia, and the Seychelles. Liberty focuses on exploration opportunities in prospective basins and seeks operating partners for projects. Its work has facilitated more than US$2 billion in exploration and development expenditures, resulting in discoveries including Poseidon in Western Australia. The company also holds deep water permits in Australia's Gippsland Basin, where it identifies potential in the Latrobe and Golden Beach formations and Turbidite plays.