Legend Oil and Gas Ltd (LOGL.OB)
Legend Oil and Gas Ltd. (OTCBB:LOGL.OB) (”Legend“, the “Company”) is 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.
Legend is also pleased to announce the appointment of 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.
With the addition of these new board members, our Board established an Audit Committee and Compensation Committee, and appointed Messrs. Jochelson and Busey to these Committees. A third committee, overseeing our oil and gas reserves, will be established once the board appointments have been completed. Each committee will be subject to its own charter respective of its function and the duties of its members.
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.
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Hornbeck Offshore Services, Inc. (NYSE:HOS) announced results for the fourth quarter ended December 31, 2011. Following are highlights for this period and the Company’s future outlook: 4Q2011 diluted EPS of $0.45 was 4.5 xs higher than 4Q2010, despite a 17% increase in diluted shares, 4Q2011 EBITDA of $57 million increased $22 million, or 62%, over 3Q2011 EBITDA of $35 million. Effective utilization for active new gen OSV fleet was 93% for 4Q11, up from 81% a year-ago, MPSV utilization was 89% for 4Q11, up from 12% for 1H2011, Contract backlog for new gen OSV vessel-days is currently at 59% and 27% for 2012 and 2013. Contract backlog for MPSV vessel-days is currently at 69% and 40% for 2012 and 2013; TTB fleet utilization was 87% for 4Q11 at an effective dayrate 10% higher than the comparable year-ago rate.
Hornbeck Offshore Services, Inc., through its subsidiaries, provides marine services to exploration and production, oilfield service, offshore construction, and the United States military customers.
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Crown Equity Holdings Inc. (CRWE)
As the internet is growing and increasing on a daily basis and computers being in every home, the ability to buy and sell directly online has become the internets number one commodity.
People from all countries, cities within Canada, the USA and the rest of the world are buying and selling online. People love shopping but a lot people do not have time to go to a shopping mall, they do not have time to waste driving to and from stores. Online buying and selling is the way to start freeing up more time to do other things with families and friends.
The advantages of buying online are that it is quick, prices are usually lower priced, descriptions and comments can be seen by past customers.
Crown Equity Holdings’ CRWE AD Services (www.crwe-adservices.com) is a full service multimedia advertising company specializing in internet marketing along with the company’s latest addition.
After becoming a publishing company, CRWE has been evolving as a worldwide online multimedia advertising publisher. CRWE’s main focus is on the distribution of current information to a target audience to which advertisers want to reach. To grow, they must diversify and the CRWE’s family continues to expand.
CRWE offers advertising branding and marketing services as a worldwide online multimedia publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience, and the advertisers that want to reach them. CRWE’s advertising services cover and connect a wide-range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness.
Another great thing about internet marketing is that you can get the feedback of your target market in a snap. They can comment and ask questions about your post real quick. That way, you can communicate with your customers faster and the sooner that you convince them to purchase the product or service that you are promoting, the better. What is amazing about internet marketing is that it can be very interactive. When you air a commercial, you need to conduct a survey to find out what your audience has to say about it. Online, it is so much simpler because you can skip the survey procedure and still get an honest feedback anyway.
For more information about Crown Equity Holdings Inc., please visit: www.crownequityholdings.com.
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American Oriental Bioengineering, Inc. (NYSE:AOB) announced that on January 31, 2012, its board of directors adopted resolutions approving a reverse stock split (the “Reverse Split”) of the outstanding shares of the Company’s common stock (”Common Stock”) at a ratio of one share for every two shares outstanding, so that every two (2) outstanding shares of Common Stock before the Reverse Split shall represent one (1) share of Common Stock after the Reverse Split.
American Oriental Bioengineering, Inc. engages in the development, manufacture, and commercialization of a range of pharmaceutical and healthcare products.
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