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Our New Technical Report is Legend Oil and Gas Ltd. (LOGL) -

2/26/2012 6:49 PM
Penny Stocks by: Too Nice Stocks

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Dear TNS Member, Our New Technical Report is Legend Oil and Gas Ltd. (LOGL)! Immediately put LOGL on your radar and on top of your watchlist tomorrow morning as
the chart is steadily breaking out into higher highs! We are a big advocate of charts and always say they never lie. Recently Barchart.com has
given LOGL a "BUY" Rating based on last week`s bullish signals! < view Barchart.com "BUY" rating> About a year ago, LOGL surged from roughly these current levels all the way up to its 52-week high of $2.74 or up over 150%!  Are we in
store for another one of these bullish breakouts This might be very possible if volume, momentum continue to grow and smallcap investors digest
the recent corporate updates! In the same note, earlier this month LOGL released news that more appointments would come as, "two new independent directors to our Board
of Directors, Mr. Alan Jochelson and Mr. John Busey. This brings the current number of directors on our Board to four, with the expectation of
an additional appointee within the next several weeks. These appointments reflect our corporate governance objective of having a majority of independent directors on our Board." Along with the catalyst news of appointments, LOGL also announced in the same news release that, " Legend is also pleased to announce that the three wells drilled in Piqua, Kansas in December 2011 have been completed and placed on production. Early results suggest that these wells should perform similarly to our previous development program (three new wells and one re-completed well during 2011). With the positive results of our drilling activities, we are planning a 10 well development program for the spring of 2012. We believe the results of our drilling to date will allow us to accelerate our "ramp-up" of development on the property, with more than 50 drilling locations identified." < view full news release.> Looking at the current technical chart below, we see LOGL reversing in trend to the bullish side confirmed by the V-Formation . The volume is
also a clear indication that smallcap investors are once again pouring back into LOGL and usually with volume comes momentum. LOGL current
momentum is growing and we might be in store for even a bigger rally if the slow and steady ascent continues. Support levels suggest that smallcap investors are trying to gobble up any dips or profit taking as seen by the red candles in line with our third purple circle. Shares bounced back and broke into higher highs. This pattern reminds us of the same activities happening about a year ago when LOGL surged from roughly these current levels all the way up to its 52-week high of $2.74 or up over 150%! Once again, if the support levels continue to stay strong, more promising corporate updates stream and old or new smallcap investors start to pour back in, we might see a possible repeat in history.

The recent corporate update from the company seems very promising, but what set this up was the news at the end of 2011 that,  "it
has permitted three new locations on its Woodson County, Kansas properties. Two wells will be drilled on the John Ellis lease with an additional
location drilled on the Orth-Gillespie lease. Production more than tripled on the Orth-Gillespie lease due to the drilling of three new locations in June and July of this year. John Ellis production increased two-fold with the re-completion of an existing well. The two additional locations in the new program are expected to further enhance the John Ellis production.

"While Kansas production rates are low by industry standards (1-3 BOPD per well), the wells are extremely shallow, cost less than
$30,000 each to bring into production and are economically positive, especially at oil prices near $100 per barrel," said Legend`s
President, Marshall Diamond-Goldberg . "With a land holding of over 1,000 acres and well spacing of 2.5 acres, there are a significant number of low-risk locations yet to be drilled, and the production enhancement potential of water flooding the properties for greater recovery is considerable." In Canada , the Company continues to identify new opportunities on the International Sovereign Energy Corp. ("ISEC") asset
acquisition, which closed in October. "These assets are mostly low-decline, stable production assets with several properties having
significant development potential," said the Company`s President. "We are in the process of completing the acquisition of surface approval, which will be followed by the licensing of our first well at Swan Hills. It is expected that the license will be received in early January. Once received, we will prepare to drill our first horizontal well there. Production potential, based upon the offsetting wells drilled by Coral Hill , is anticipated at 100-200 BOPD net to the Company`s interest." A farm-out agreement has been reached in the Swan Hills area with a third party to drill two vertical Nisku formation tests searching for light
oil. The Company retains the right to participate in these exploratory wells up to a 25% interest. There are a number of Nisku pools in the
vicinity of these test locations. The first well is expected to spud in February 2012 .

Legend is also conducting operations at its Joffre property and is looking to move forward on a lease acquisition at Medicine River in order to
return a previously drilled horizontal well to production." < view full news release>.   Again put LOGL immediately on your radar tomorrow morning as we monitor the current technicals and corporate developments this week! More About Legend Oil and Gas Ltd:

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 Canada, southeastern Kansas and northern North Dakota. Continue your research at www.legendoilandgas.com.

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