Legend Oil and Gas Ltd. provides investor update
Thursday, Dec 20, 2012
SEATTLE, Dec. 19, 2012 /PRNewswire/ -- Legend Oil and Gas Ltd. (OTC Markets: LOGL) ("Legend", the "Company") is pleased to announce the engagement of Equiti-Trend Advisors to increase market awareness and gain exposure in the marketplace. Equiti-Trend Advisors offers a complete package of auxiliary consulting and corporate services designed to help emerging growth and middle market companies, in the public sector, realize working capital and achieve a fair market value for their stock. Their campaign is comprehensive, inclusive of equity financing, marketing, investor awareness programs, website enhancement and corporate information dissemination.
Marshall Diamond-Goldberg, President of Legend Oil and Gas stated, "As we come to the end of a challenging 2012, we wanted to update our investors about the initiatives we have undertaken with respect to increasing shareholder value over the next year and to inform our shareholders about the changes we have made to keep them abreast of those initiatives. The engagement of Equiti-Trend Advisors should prove valuable to the Company and its shareholders while exposing to a variety of sectors in the investment community, the underlying value of Legend Oil and Gas. We believe our valuation is compelling and are delighted to have Equiti-Trend working closely with us to convey our story to the street." Additionally, Legend has completely updated its website, presenting the most current information available to our present and prospective investors.
Summarizing Legend's last twelve months, Mr. Diamond-Goldberg continued, "2012 was a difficult year for commodity pricing and Legend felt the brunt of lower gas prices as did many of our industry peers. As a result, we have embarked on a strategic focus toward drilling on our oil weighted properties in Kansas and Canada. Debt service also required us to spend some time rationalizing non-core properties, which hampered our ability to ramp up our drilling activity in 2012. We expect to increase field activity in 2013 and drill the remainder of our 20 well program while expanding our drilling program with additional locations thereafter.
Despite our capital constraints, we had a 100% success rate on our drilling program, which continues its string of successes in Kansas. With favorable pricing for our Kansas crude, additional development will be the key to growth for the next fiscal year."
About Equiti-Trend Advisors, LLC
Equiti-Trend Advisors LLC offers a complete package of auxiliary consulting and corporate services designed to help emerging growth and middle market companies, in the public sector, realize working capital and achieve a fair market value for their stock.
About Legend Oil and Gas Ltd.
Legend Oil and Gas Ltd. is a managed risk, oil and gas exploration/exploitation, development and production company with activities currently focused on leases in Canada, southeastern Kansas and northern North Dakota.
SOURCE Legend Oil and Gas Ltd.
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