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Legend Oil and Gas Ltd. Signs Letter of Intent to Acquire Kansas Production - Sacramento Bee
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Legend Oil and Gas Ltd. (OTCBB: LOGL) ("Legend", the "Company") is pleased to announce it has signed a Letter of Intent ("LOI") to purchase producing oil assets in southeastern Kansas from Double 7 Oil and Gas LLC. The assets contain 29 wells which cumulatively produced an average of 16 barrels oil per day ("BOPD") during a 7 day test production period in August, 2011. There are an additional 14 water injection wells which have yet to be put into service. The production is located on a 240 acre contiguous lease in the McCune area of southeastern Kansas. 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 southeastern Kansas, northern North Dakota and Canada.Legend Oil and Gas Ltd. Signs Letter of Intent to Acquire Kansas Production - Sacramento Bee
