Legends Business Group Inc (LGBS)

[MIKEY501]

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.”