Updates & Insights on Legend Oil and Gas Ltd (OTCMKTS:LOGL)

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Las Vegas, NV -- (SBWIRE) -- 12/06/2013 -- Legend Oil and Gas Ltd (OTCMKTS:LOGL) recently announced that the Company has closed the first in a number of asset sales previously announced in its Canadian subsidiary, Legend Energy Canada Ltd.

The unit was sold at a price of CAD$1,955,000 before adjustments, which translates to a price of $78,200 per flowing barrel. McCune Kansas acquisition was acquired at a value of approximately $50,000 per flowing barrel.

Legend Oil and Gas, Ltd. engages in the acquisition, exploration, development, and production of oil and gas properties. The company has oil and gas property interests in Boundary Lake, and Wildmere, Alberta; Clarke Lake and Inga, Berwyn, Medicine River, British Columbia; and the Piqua region of the state of Kansas. It wasset incorporated in 2000 and is setled in Seattle, Washington.

To find out what OTCMAGIC projects Red Legend Oil and Gas Ltd, for both short term and long term please click here: LOGL

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