Latest Legend Oil & Gas (LOGL) Headlines
New Western Energy Signs Definitive Agreement for the Acquisition of Legend Oil and Gas
GlobeNewswire - Fri Jan 24, 7:30AM CST
New Western Energy Corporation (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce that it has entered into a definitive merger agreement for the acquisition of Legend Oil and Gas Ltd. ("Legend" ) (OTCQB:LOGL).
New Western Energy Corporation Announces Non-Binding Letter of Intent to Acquire Legend Oil and Gas Ltd.
GlobeNewswire - Tue Jan 07, 7:31AM CST
New Western Energy Corporation ("New Western Energy" or the "Company") (OTCQB:NWTR), an independent energy company, engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce that it has entered into a non-binding letter of intent ("LOI") to acquire all of the issued and outstanding common shares of Legend Oil and Gas Ltd. ("Legend Oil") (OTCQB:LOGL). Under the terms of the LOI, New Western Energy proposes to exchange shares of Legend Oil valued at $0.09 per share for shares of New Western Energy based on the average of the closing bid prices of New Western's common stock over the ten days prior to the Closing Date, but at a price that will be no less than $0.21 per share and no more than $0.27 per share, unless mutually agreed to by the parties.
Market Analysis Before the Bell: ONEOK, DTE Energy, Great Plains Energy, and Just Energy Group
PR Newswire - Fri Dec 20, 7:00AM CST
On Thursday, December 19, 2013, the US equity market ended on a mixed note with the S&P 500 ending the day at 1,809.60, down 0.06%; the Dow Jones Industrial Average closing at 16,179.08, up 0.07%; and the NASDAQ Composite finishing at 4,058.14, down 0.29%. The S&P 500 Utilities Sector Index edged lower 0.73% at 190.91, and the same has fallen 3.31% in the last one month and 1.50% in the previous three months, underperforming the S&P 500, which has advanced 1.22% and 5.07% during the respective periods. The major movers in the sector included ONEOK Inc. (NYSE: OKE), DTE Energy Company (NYSE: DTE), Great Plains Energy Inc. (NYSE: GXP), and Just Energy Group Inc. (NYSE:JE). AAAResearchReports.com initiated preliminary technical research on OKE, DTE, GXP, and JE. These free reports are accessible by signing today at:
Legend Oil and Gas Ltd. Spuds Wells at Piqua, Kansas
Marketwire - Thu Dec 12, 8:01AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") wishes to announce that it has commenced drilling the next slate of wells in its previously announced multi-well program on its Piqua, Kansas oil leases. Specifically, the Company has permitted 5 new locations on its Patrick Collins lease, a 320 acre lightly drilled parcel, which was initially developed in August of 2013 with four successful new oil wells.
Legend Oil and Gas Ltd concludes first Canadian sale
M2 - Fri Dec 06, 6:52AM CST
Oil and gas company Legend Oil and Gas Ltd (OTCQB:LOGL) revealed on Thursday the completion of the first sale in its Canadian subsidiary, Legend Energy Canada Ltd.
Legend Oil and Gas Ltd. Closes the First of Its Canadian Property Sales
Marketwire - Thu Dec 05, 8:00AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that the Company has closed the first in a number of asset sales previously announced in its Canadian subsidiary, Legend Energy Canada Ltd. The Wildmere Unit interest, producing approximately 25 barrels of oil per day (BOPD), was sold at a price of CAD$1,955,000 before adjustments, which translates to a price of $78,200 per flowing barrel and over four times current cash flow. This divestment follows the strategy employed by the Company to sell assets at a higher price point than those it is able to acquire. The previously announced McCune Kansas acquisition was acquired at a value of approximately $50,000 per flowing barrel.
Legend Oil and Gas Ltd concludes McCune acquisition in Kansas
M2 - Wed Dec 04, 10:02AM CST
Oil and gas company Legend Oil and Gas Ltd (OTCQB:LOGL) revealed on Tuesday the completion of its acquisition of an oil producing property near McCune in Crawford County Kansas.
Legend Oil and Gas Ltd. Acquires McCune Oil Property in Kansas
Marketwire - Tue Dec 03, 8:01AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that the Company has closed the purchase of an oil producing property near the town of McCune in Crawford County Kansas. The property consists of six nearly contiguous leases in the McCune oil field. The asset is partially developed with a number of shallow oil and water injection wells currently producing 7 barrels of oil per day (BOPD).
Legend Oil and Gas Ltd announces five new drilling locations on the Patrick Collins Lease
M2 - Thu Nov 07, 4:50AM CST
Oil & gas company Legend Oil and Gas Ltd (OTCQB:LOGL) reported on Wednesday the grant of five new drilling locations on the Patrick Collins Lease at its Piqua Kansas oil property.
Legend Oil and Gas Ltd. Permits Five New Locations
Marketwire - Wed Nov 06, 8:01AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend," the "Company") is pleased to announce that the Company has permitted five new drilling locations on the Patrick Collins Lease at its Piqua Kansas oil property. The wells, part of an overall 12 well development program, constitute the second tranche of drilling on the Pat Collins Lease. Legend holds a 100% working interest (87.5% Net Revenue Interest) on the parcel. Drilling is expected to commence within the next two weeks as wet weather subsides and Legend's drilling contractor becomes available.
Legend Oil and Gas Ltd. Hires Northpoint to Assist in Financing Efforts
Marketwire - Thu Oct 10, 8:01AM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that effective October 7, 2013 the Company has hired Northpoint Energy Partners of Atlanta, GA ("Northpoint"), to act as its advisor in assisting Legend to attract equity and debt financing for the Company's acquisition and development drilling initiatives, as well as to advise on potential future acquisitions of new producing properties to add to the growing production base already in place.
Legend Oil and Gas Ltd. New Kansas Wells on Production
Marketwire - Thu Sep 12, 8:01AM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") has completed the drilling of the first four wells in its multi-well development drilling program on its oil property at Piqua, Kansas and has successfully completed and equipped three of these wells. All are now on production at rates that have far exceeded the initial production estimates for the wells. A mechanical issue with the fourth well prevented the frac from being completed effectively; however, a remedial completion is slated to be done shortly as a result of the production performance of the offsetting wells.
Legend Oil and Gas Ltd commences start of 16 well oil drilling programme in Kansas
M2 - Fri Aug 02, 6:40AM CDT
Oil and gas company Legend Oil and Gas Ltd (OTCQB:LOGL) reported on Thursday that it has begun drilling operations of the 16 well oil development programme on its Piqua property in southeastern Kansas.
Legend Oil and Gas Ltd. Begins Latest Drilling Program in Kansas
Marketwire - Thu Aug 01, 8:00AM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") has commenced drilling the 16 well oil development program on its Piqua property in southeastern Kansas. The first three of a four well initial tranche have been drilled and cased into the Squirrel reservoir zone, with the fourth currently drilling.
Legend Oil and Gas Ltd. Closes Debenture Financing With Hillair Capital Investments LP
Marketwire - Thu Jul 11, 2:00PM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that it has successfully closed a convertible debenture financing in the principal amount of US $900,000 on terms which are favorable to the Company. Hillair Capital Investments LP is the sole financial partner on this financing.
LEGEND OIL AND GAS LTD. Kansas Increases in Value
PR Newswire - Tue Mar 12, 8:00AM CDT
Legend Oil and Gas Ltd. (OTC Markets: LOGL) ("Legend", the "Company") has received the year-end values for its oil and gas production and reserves from its third party Engineering firms; both of whom were contracted to provide the Company with industry standard evaluations of its production assets. InSite Petroleum Consultants Ltd. ("InSite") of Calgary, Alberta, in compliance with Canadian National Instrument 51-101 regarding engineering evaluations of resource properties, has completed the evaluation of the Canadian asset base. KLH Consulting of Wichita Kansas ("KLH"), who has provided Legend with its resource evaluation in the United States since the Company's first production in the state of Kansas, completed the evaluation for the U.S. assets.
New Western Energy Signs Definitive Agreement for the Acquisition of Legend Oil and Gas
GlobeNewswire - Fri Jan 24, 7:30AM CST
New Western Energy Corporation (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce that it has entered into a definitive merger agreement for the acquisition of Legend Oil and Gas Ltd. ("Legend" ) (OTCQB:LOGL).
New Western Energy Corporation Announces Non-Binding Letter of Intent to Acquire Legend Oil and Gas Ltd.
GlobeNewswire - Tue Jan 07, 7:31AM CST
New Western Energy Corporation ("New Western Energy" or the "Company") (OTCQB:NWTR), an independent energy company, engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce that it has entered into a non-binding letter of intent ("LOI") to acquire all of the issued and outstanding common shares of Legend Oil and Gas Ltd. ("Legend Oil") (OTCQB:LOGL). Under the terms of the LOI, New Western Energy proposes to exchange shares of Legend Oil valued at $0.09 per share for shares of New Western Energy based on the average of the closing bid prices of New Western's common stock over the ten days prior to the Closing Date, but at a price that will be no less than $0.21 per share and no more than $0.27 per share, unless mutually agreed to by the parties.
Market Analysis Before the Bell: ONEOK, DTE Energy, Great Plains Energy, and Just Energy Group
PR Newswire - Fri Dec 20, 7:00AM CST
On Thursday, December 19, 2013, the US equity market ended on a mixed note with the S&P 500 ending the day at 1,809.60, down 0.06%; the Dow Jones Industrial Average closing at 16,179.08, up 0.07%; and the NASDAQ Composite finishing at 4,058.14, down 0.29%. The S&P 500 Utilities Sector Index edged lower 0.73% at 190.91, and the same has fallen 3.31% in the last one month and 1.50% in the previous three months, underperforming the S&P 500, which has advanced 1.22% and 5.07% during the respective periods. The major movers in the sector included ONEOK Inc. (NYSE: OKE), DTE Energy Company (NYSE: DTE), Great Plains Energy Inc. (NYSE: GXP), and Just Energy Group Inc. (NYSE:JE). AAAResearchReports.com initiated preliminary technical research on OKE, DTE, GXP, and JE. These free reports are accessible by signing today at:
Legend Oil and Gas Ltd. Spuds Wells at Piqua, Kansas
Marketwire - Thu Dec 12, 8:01AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") wishes to announce that it has commenced drilling the next slate of wells in its previously announced multi-well program on its Piqua, Kansas oil leases. Specifically, the Company has permitted 5 new locations on its Patrick Collins lease, a 320 acre lightly drilled parcel, which was initially developed in August of 2013 with four successful new oil wells.
Legend Oil and Gas Ltd concludes first Canadian sale
M2 - Fri Dec 06, 6:52AM CST
Oil and gas company Legend Oil and Gas Ltd (OTCQB:LOGL) revealed on Thursday the completion of the first sale in its Canadian subsidiary, Legend Energy Canada Ltd.
Legend Oil and Gas Ltd. Closes the First of Its Canadian Property Sales
Marketwire - Thu Dec 05, 8:00AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that the Company has closed the first in a number of asset sales previously announced in its Canadian subsidiary, Legend Energy Canada Ltd. The Wildmere Unit interest, producing approximately 25 barrels of oil per day (BOPD), was sold at a price of CAD$1,955,000 before adjustments, which translates to a price of $78,200 per flowing barrel and over four times current cash flow. This divestment follows the strategy employed by the Company to sell assets at a higher price point than those it is able to acquire. The previously announced McCune Kansas acquisition was acquired at a value of approximately $50,000 per flowing barrel.
Legend Oil and Gas Ltd concludes McCune acquisition in Kansas
M2 - Wed Dec 04, 10:02AM CST
Oil and gas company Legend Oil and Gas Ltd (OTCQB:LOGL) revealed on Tuesday the completion of its acquisition of an oil producing property near McCune in Crawford County Kansas.
Legend Oil and Gas Ltd. Acquires McCune Oil Property in Kansas
Marketwire - Tue Dec 03, 8:01AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that the Company has closed the purchase of an oil producing property near the town of McCune in Crawford County Kansas. The property consists of six nearly contiguous leases in the McCune oil field. The asset is partially developed with a number of shallow oil and water injection wells currently producing 7 barrels of oil per day (BOPD).
Legend Oil and Gas Ltd announces five new drilling locations on the Patrick Collins Lease
M2 - Thu Nov 07, 4:50AM CST
Oil & gas company Legend Oil and Gas Ltd (OTCQB:LOGL) reported on Wednesday the grant of five new drilling locations on the Patrick Collins Lease at its Piqua Kansas oil property.
Legend Oil and Gas Ltd. Permits Five New Locations
Marketwire - Wed Nov 06, 8:01AM CST
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend," the "Company") is pleased to announce that the Company has permitted five new drilling locations on the Patrick Collins Lease at its Piqua Kansas oil property. The wells, part of an overall 12 well development program, constitute the second tranche of drilling on the Pat Collins Lease. Legend holds a 100% working interest (87.5% Net Revenue Interest) on the parcel. Drilling is expected to commence within the next two weeks as wet weather subsides and Legend's drilling contractor becomes available.
Legend Oil and Gas Ltd. Hires Northpoint to Assist in Financing Efforts
Marketwire - Thu Oct 10, 8:01AM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that effective October 7, 2013 the Company has hired Northpoint Energy Partners of Atlanta, GA ("Northpoint"), to act as its advisor in assisting Legend to attract equity and debt financing for the Company's acquisition and development drilling initiatives, as well as to advise on potential future acquisitions of new producing properties to add to the growing production base already in place.
Legend Oil and Gas Ltd. New Kansas Wells on Production
Marketwire - Thu Sep 12, 8:01AM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") has completed the drilling of the first four wells in its multi-well development drilling program on its oil property at Piqua, Kansas and has successfully completed and equipped three of these wells. All are now on production at rates that have far exceeded the initial production estimates for the wells. A mechanical issue with the fourth well prevented the frac from being completed effectively; however, a remedial completion is slated to be done shortly as a result of the production performance of the offsetting wells.
Legend Oil and Gas Ltd commences start of 16 well oil drilling programme in Kansas
M2 - Fri Aug 02, 6:40AM CDT
Oil and gas company Legend Oil and Gas Ltd (OTCQB:LOGL) reported on Thursday that it has begun drilling operations of the 16 well oil development programme on its Piqua property in southeastern Kansas.
Legend Oil and Gas Ltd. Begins Latest Drilling Program in Kansas
Marketwire - Thu Aug 01, 8:00AM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") has commenced drilling the 16 well oil development program on its Piqua property in southeastern Kansas. The first three of a four well initial tranche have been drilled and cased into the Squirrel reservoir zone, with the fourth currently drilling.
Legend Oil and Gas Ltd. Closes Debenture Financing With Hillair Capital Investments LP
Marketwire - Thu Jul 11, 2:00PM CDT
Legend Oil and Gas Ltd. (OTCQB: LOGL) ("Legend", the "Company") is pleased to announce that it has successfully closed a convertible debenture financing in the principal amount of US $900,000 on terms which are favorable to the Company. Hillair Capital Investments LP is the sole financial partner on this financing.
LEGEND OIL AND GAS LTD. Kansas Increases in Value
PR Newswire - Tue Mar 12, 8:00AM CDT
Legend Oil and Gas Ltd. (OTC Markets: LOGL) ("Legend", the "Company") has received the year-end values for its oil and gas production and reserves from its third party Engineering firms; both of whom were contracted to provide the Company with industry standard evaluations of its production assets. InSite Petroleum Consultants Ltd. ("InSite") of Calgary, Alberta, in compliance with Canadian National Instrument 51-101 regarding engineering evaluations of resource properties, has completed the evaluation of the Canadian asset base. KLH Consulting of Wichita Kansas ("KLH"), who has provided Legend with its resource evaluation in the United States since the Company's first production in the state of Kansas, completed the evaluation for the U.S. assets.
