Wednesday, July 06, 2011
Legend O&G Ltd.
Legend O&G has drilled the first two wells of a three well program to develop its producing leases in Piqua, Kansas. The wells were drilled to a total depth of approximately 825 feet. It is anticipated the Company will commence the drilling of its third well in this development program within the next week and may consider drilling additional wells on these leases before year-end.
"Oil prices remain strong and the geological review of the leases indicate this development program can be commercially successful on the Orth-Gillespie, Gillespie South and Cress leases on the south part of our holdings at Piqua, Kansas," said Legend's President, Marshall Diamond-Goldberg.
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