LOGL states: "We strongly and vigorously deny the allegations made by Mr. Silbermann in his articles... Mr. Silbermann admits, in both articles released by him to date, to being a short seller of Legend's stock. It appears as though Mr. Silbermann's intent through the generation of these inflammatory articles, is to instill investor panic and create a downward trend in the Company's stock price."

"Marshall Diamond-Goldberg, President of Legend stated, 'The acquisition of the Sovereign assets, coupled with the recent drilling success we have had in Kansas, moves Legend from a start-up E&P company to a functional energy company with a significant inventory of drilling opportunities, a large amount of un-developed acreage to assess for additional exploration and development, complimented by an increased staff with which to administer these and future assets. Having grown the company from zero production to over 300 BOE/d in less than one year, with the potential to increase that production significantly over the next few years, is a major positive for all Legend shareholders and demonstrates management's commitment and ability to enhance shareholder value through organic growth rather than by promotion as suggested by the short seller's articles, who has personal profit as the motive to knock down our stock price.'"

Don McShane's illustrious
40-year career is marked by an unprecedented string of forecasts that defied experts, many times flying in the face of conventional wisdom. Don's vision has lead the market to label him as a "wunderkind", which helped earn appearances on numerous radio and television slots, including the most one-on-one appearances on the Larry King show than any guest in the program's history. Don agrees that these are challenging times, but also, these are times that are ripe with opportunity for aggressive investors.

TV's most popular market maven is spreading
gospel about investing in the Bakken!

CNBC's #1 stock market analyst, Jim Cramer of "Mad Money" fame, has been campaigning Bakken Shale oil and gas profits to his viewers... suggesting that now is the time to move on the region.

Believe me, you want to get in first. Jim Cramer's audience is enormous and they are responsive. In 2012, I anticipate that Bakken stocks will hit their peak in profit performance... which means there's still time to stake your early position.

As stated above, my latest report identifies 11 Bakken stocks that AVERAGED 1,173% gains in under two years... plus the stock that I believe will be #12 in this series - Legend Oil & Gas (LOGL)!

At no other time in Wall Street history, except for gold, have I seen any one sector produce such consistent, repeatable and predictable results!

Legend Oil & Gas in particular tops my list as an emerging Bakken junior to invest in now. This stock could ultimately turn a $5,000 start into a half-million-dollar fortune!