HENDERSON, Nev., Jan. 31, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Legends Business Group, Inc. (OTC Pink:LGBS) announced that the Company has acquired the Company’s first leases on four existing oil wells in Oklahoma.
The leases are for wells already existing, each produce approximately 20 barrels per day with about 1,000 cubic feet of oil. J. P. Morgan recently raised its forecast for Brent crude oil prices (the international benchmark for prices) to $70 a barrel on J.P.’s belief that growth in economies around the world could boost demand for energy.
Brian Estrada, CEO stated, “I believe that the Company’s entry into the field of oil and gas is well-timed. Support for oil prices have the potential to last into early summer and the fact that we have obtained leases on existing wells puts the Company to work sooner as opposed to merely having lease rights on an undeveloped property. I look forward to updating shareholders as we pursue the future business and operating growth of the company.”
About Legends Business Group, Inc.
Legends Business Group, Inc. is a publicly traded company (OTC PINK:LGBS).
Forward-Looking Statements Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.
Brian Estrada
405-464-0694