LOGL Legend Oil and Gas Ltd (CE)

Today, www.GlobalEquityReporter.com announced its research report highlighting Legend Oil and Gas, Ltd. (OTCBB: LOGL) and Dune Energy, Inc. (OTCBB: DUNR). Full report download is available at www.GlobalEquityReporter.com/access.php.

With the disruption of exports from Libya and unrest in the Middle East and North Africa, crude oil continues to trend upward. The recent disaster in Japan has fueled further volatility, as Japan is the world's third largest consumer and the second largest importer. As of March, the U.S. Energy Information Administration (EIA) estimated that global oil demand expanded by 2.85% in 2010 and sees demand growth of 1.70% in 2011 and 1.94% in 2012. Reflecting new OPEC capacity additions, the EIA estimated that global oil supply increased by 2.5% in 2010 and forecast supply growth of 1.12% in 2011 and 2.49% in 2012.

Global Equity is reporting on Legend Oil and Gas, Ltd. as this oil and gas exploration and development company acquired 100% working interest in each of eight oil and gas leases owned by Piqua Petro, Inc. The acquired leases contain 1,040 net acres of oil producing land, resulting in a net revenue interest of 87.5%. These working interests grant the Company the right to explore, produce and own oil and gas reserves. The full report and profile on Legend Oil and Gas, Ltd. (OTCBB: LOGL) is available here: www.GlobalEquityReporter.com/get.PDF.1824.php.

Global Equity Reporter features Dune Energy, Inc. as an exploration and development company of natural gas and crude oil properties. Its total proven reserves are consistent of 62.4 billions of cubic feet of natural gas and 7.2 million barrels of oil. As of May 2011, the preferred stock dividend of 4,567 Preferred Shares has been forwarded to the trustee. At the end of April 2011 available cash equivalents were $24.9 million not including the $15.8 million of escrowed funds for the June 1, 2011 interest payment. The full report and profile on Dune Energy, Inc. (OTCBB: DUNR) is available here: www.GlobalEquityReporter.com/get.PDF.1937.php.

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