Legend Oil & Gas 10-Q 19 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 18, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Legend Oil & Gas, Ltd.	'
Entity Central Index Key	'0001140414	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	188,183,273
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

CONSOLIDATED_BALANCE_SHEETS_un

CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash and cash equivalents	$1,387,447	$64,283
Accounts receivable	66,952	54,770
Prepaid expenses	'	45,877
Total current assets	1,454,399	164,930
Oil and gas properties - full cost method of accounting	'	'
Properties subject to amortization - net of accumulated amortization of $502,990 and $239,477, respectively	2,395,642	1,479,423
Total oil and gas properties	2,395,642	1,479,423
Deposits	'	3,740
Net assets attributable to discontinued operations	'	2,568,883
Total assets	3,850,041	4,216,976
Current liabilities	'	'
Accounts payable	66,261	244,840
Accrued interest payable	64,225	'
Note payable	65,000	'
Current portion of long tern debt, net	'	27,496
Current portion of convertible debt, net	19,500	612,527
Total current liabilities	214,986	884,863
Long-term debt, net of unamortized discount of $2,118,996 and $-0-, respectively	2,787,553	'
Long-term convertible debt, net of unamortized discount of $89,466 and $-0-, respectively	1,086,534	'
Debt derivative liabilities	'	284
Warrant derivative liabilities	2,773,516	1,161,000
Asset retirement obligations	264,647	196,767
Liabilities attributable to discontinued operations	'	4,767,413
Total liabilities	7,127,236	7,010,327
Contigently redeemable convertible stock; 100,000,000	'	'
Contigently redeemable common stock	'	'
Commitments and contingencies	'	'
Stockholders' deficit	'	'
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 174,046,938 and 109,343,534 shares issued and outstanding, respectively.	174,046	109,343
Additional paid-in capital	26,623,605	25,726,902
Accumulated other comprehensive gain	'	17,188
Accumulated deficit	-30,074,846	-28,646,784
Total stockholders' deficit	-3,277,195	-2,793,351
Total liabilities and stockholders' deficit	$3,850,041	$4,216,976

CONSOLIDATED_BALANCE_SHEETS_un1

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accumulated amortization - oil and gas properties	$502,990	$239,477
Contigently redeemable convertible stock, shares authorized	100,000,000	'
Contigently redeemable convertible stock, par value	$0.00	'
Contigently redeemable convertible stock, shares issued	0	'
Contigently redeemable convertible stock, shares outstanding	0	'
Contigently redeemable convertible stock, redemption value	$7	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	174,046,938	109,343,534
Common stock, shares outstanding	174,046,938	109,343,534
Long-term Debt [Member]	'	'
Unamortized discount - debt	2,118,996	0
Convertible Debt [Member]	'	'
Unamortized discount - debt	$89,466	$0

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Oil and gas revenue	$217,868	$193,341	$624,275	$547,814
Costs and Expenses	'	'	'	'
Production expenses	73,413	19,756	262,923	158,501
General and administrative	2,389,630	791,218	3,719,589	2,128,694
Depletion, depreciation, accretion and amortization	64,000	16,863	295,235	263,630
Impairment of oil and gas properties	151,199	'	580,649	148,871
Total operating expenses	2,678,242	827,837	4,858,396	2,699,696
Operating Loss	-2,460,374	-634,496	-4,234,121	-2,151,882
Other Income and (Expense)	'	'	'	'
Interest expense	-265,988	-235,769	-1,605,226	-237,275
Loss on conversion of debt	-62,741	'	-62,741	'
Change in fair value of derivative debt	284	'	284	'
Change in fair value of derivative warrants	-231,496	-632,317	1,161,000	-632,317
Total other income and (expense)	-559,941	-868,086	-506,683	-869,592
Loss from continuing operations	-3,020,315	-1,502,582	-4,740,804	-3,021,474
Income (loss) from discontinued operations	3,312,742	-325,808	3,312,742	-977,426
Net income (loss) before preferred dividends and comprehensive income (loss)	292,427	-1,828,390	-1,428,062	-3,998,900
Preferred stock dividends	'	'	'	-691,150
Net income (loss) before other comprehensive income (loss)	292,427	-1,828,390	-1,428,062	-4,690,050
Foreign currency translation adjustment	'	94,571	'	-238,365
Net comprehensive income (loss)	$292,427	($1,733,819)	($1,428,062)	($4,928,415)
Basic net loss per common share (in dollars per share)	$0	($0.02)	($0.01)	($0.05)
Diluted net loss per common share (in dollars per share)	$0	($0.02)	($0.01)	($0.05)
Weighted average number of common shares outstanding:	'	'	'	'
Basic (in shares)	172,874,221	95,678,070	164,810,840	86,860,839
Diluted (in shares)	435,082,264	95,678,070	164,810,840	86,860,839

STATEMENTS_OF_CONSOLIDATED_STO

STATEMENTS OF CONSOLIDATED STOCKHOLDERS' DEFICIT (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]	Total
Balance beginning at Dec. 31, 2012	$77,220	($25,353,942)	$152,634	($15,624,278)	($40,748,366)
Balance beginning, shares at Dec. 31, 2012	77,220,271	'	'	'	'
Common stock issued for services	7,700	482,300	'	'	490,000
Common stock issued for services, shares	7,700,000	'	'	'	'
Stock based compensation	'	1,206,994	'	'	1,206,994
Conversion of note payable	2,772	59,761	'	'	62,533
Conversion of note payable, shares	2,772,407	'	'	'	'
Discount on short term note payable	'	124,430	'	'	124,430
Conversion of convertible securities	1,700	365,253	'	'	366,953
Conversion of convertible securities, shares	1,700,000	'	'	'	'
Dividends on preferred stock	13,823	677,327	'	-691,150	'
Dividends on preferred stock, shares	13,823,000	'	'	'	'
Reclassification out of contingently redeemable common stock	'	47,764,926	'	'	47,764,926
Stock issued for interest payment	955	30,405	'	'	31,360
Stock issued for interest payment, shares	955,128	'	'	'	'
Stock issued to employees	2,900	258,100	'	'	261,000
Stock issued to employees, shares	2,900,000	'	'	'	'
Stock issued for property	2,273	111,348	'	'	113,621
Stock issued for property, shares	2,272,728	'	'	'	'
Foreign currency translation	'	'	-135,446	'	-135,446
Net loss	'	'	'	-12,331,356	-12,331,356
Balance ending at Dec. 31, 2013	109,343	25,726,902	17,188	-28,646,784	-2,793,351
Balance ending, shares at Dec. 31, 2013	109,343,534	'	'	'	109,343,534
Common stock issued for services	54,819	780,846	'	'	835,665
Common stock issued for services, shares	54,819,234	'	'	'	'
Conversion of convertible securities	9,884	115,857	'	'	125,741
Conversion of convertible securities, shares	9,884,170	'	'	'	'
Foreign currency translation	'	'	110,586	'	110,586
Discontinued operations	'	'	-127,774	'	-127,774
Net loss	'	'	'	-1,428,062	-1,428,062
Balance ending at Sep. 30, 2014	$174,046	$2,623,605	'	($30,074,806)	($3,277,195)
Balance ending, shares at Sep. 30, 2014	174,046,938	'	'	'	174,046,938

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($1,428,062)	($3,998,900)
Income from discontinued operations	-3,312,742	977,426
Net loss from continuing operations	-4,740,804	-3,021,474
Adjustments to reconcile net loss to cash flows provided by (used in) operating activities:	'	'
Impairment on oil and gas properties	580,649	148,871
Depletion, depreciation, accretion and amortization	295,235	260,420
Accretion on asset retirement obligation	'	3,210
Amortization of discounts on notes payable	184,135	231,370
Unrealized loss on derivative liabilities	-1,161,284	632,317
Loss on conversion of debt	62,741	'
Stock-based compensation	835,665	1,894,425
Changes in operating assets and liabilities:	'	'
Accounts receivable	-12,182	-182,320
Prepaid expenses	45,877	-5,520
Other assets	3,740	2,338
Accounts payable	-222,810	231,267
Accrued interest payable	64,225	'
Net cash provided by (used in) operating activities	-4,064,813	194,904
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Proceeds from sale of oil and gas properties	450,318	'
Cash paid for development of oil and gas properties	-206,843	-364,906
Net cash provided by (used in) investing activities	243,475	-364,906
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from notes payable	5,043,916	975,000
Payments on notes payable	-10,000	-559,495
Net cash flows provided by financing activities	5,033,916	415,505
Effect of exchange rate changes	110,586	-238,365
Net change in cash and cash equivalents	1,323,164	7,138
Cash and cash equivalents, beginning of period	64,283	12,989
Cash and cash equivalents, end of period	1,387,447	20,127
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	'	'
Income taxes	'	'
Interest	17,628	'
NON-CASH INVESTING AND FINANCING ACTIVITIES	'	'
Oil and gas property acquired for long-term debt	936,732	'
Discount on short term note payable	'	974,810
Conversion of debt to common stock	63,000	'
Modification of debt	550,231	'
Derivative liability	1,162,750	'
Change in asset retirement obligation	36,157	'
Conversion of convertible preferred stock to common stock	'	366,953
Common stock reclassified from contingently redeemable	'	47,764,926
Preferred stock dividend	'	$691,150

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF OPERATIONS	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION AND DESCRIPTION OF OPERATIONS	'
	NOTE 1 - ORGANIZATION AND DESCRIPTION OF OPERATIONS
	Description of Business
	Legend Oil & Gas, Ltd. (“the Company”) was incorporated under the laws of the State of Colorado on November 27, 2000 under the name “SIN Holdings, Inc.” On July 29, 2010, we changed our business to the acquisition, exploration, development and production of oil and gas reserves. To align our name with our new business, on November 29, 2010, we changed our name to Legend Oil and Gas, Ltd.
	On July 28, 2011, we formed a wholly owned subsidiary named Legend Energy Canada, Ltd. (“Legend Canada”), which is a corporation registered under the laws of Alberta, Canada. Legend Canada was formed to acquire, own and manage certain oil and gas properties and assets located in Canada.  Legend Canada completed the acquisition of significant oil and gas reserves located in Canada on October 20, 2011. As of this date, Legend Canada was considered a discontinued operation as described in Note 3.
	We are an oil and gas exploration, development and production company.  All of our revenue producing and continuing oil exploration, development and production facilities are based in the United States (in the Piqua, McCune, Landers and Volunteer regions of the State of Kansas).
	During the quarter ended September 30, 2014, we placed our wholly owned subsidiary, Legend Canada, into the Canadian bankruptcy system. The bankruptcy estate of Legend Canada owns oil and gas properties in Western Canada (Berwyn, Medicine River, Boundary Lake, and Wildmere in Alberta, and Clarke Lake and Inga in British Columbia).  Legend Canada was placed under the control of KPMG Inc., as Trustee in the bankruptcy proceedings. We have written off all assets and liabilities of Legend Canada, resulting in income from discontinued operations at the parent level of Legend Oil and Gas, Ltd. as it no longer controls, nor has responsibility for any operations nor asset dispositions of Legend Canada (See Note 3).

BASIS_OF_PRESENTATION_AND_SUMM

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	The consolidated financial statements have been prepared in accordance with generally accepted accounting principles and include the accounts of the Company and Legend Canada, our wholly-owned subsidiary.  Intercompany transactions and balances have been eliminated in consolidation.
	Basis of Presentation
	The unaudited financial information furnished herein reflects all adjustments, consisting solely of normal recurring items, which in the opinion of management are necessary to fairly state the financial position of the Company and the results of its operations for the periods presented.  This report on Form 10-Q should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended December 31, 2013.  The Company assumes that the users of the interim financial information herein have read or have access to the audited financial statements for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context.  Accordingly, footnote disclosure, which would substantially duplicate the disclosure contained in the Company’s Form 10-K for the fiscal year ended December 31, 2013 has been omitted.  The results of operations for the nine-month period ended September 30, 2014 are not necessarily indicative of results for the entire year ending December 31, 2013.
	Reclassifications
	Certain reclassifications have been made to amounts in prior periods to conform to the current period presentation. All reclassifications have been applied consistently to the periods presented.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Management’s judgments and estimates in these areas are to be based on information available from both internal and external sources, including engineers, geologists, consultants and historical experience in similar matters. The more significant reporting areas impacted by management’s judgments and estimates are fair values of the Company’s equity-linked instruments, accruals related to oil and gas sales and expenses, estimates of future oil and gas reserves, estimates used in the impairment of oil and gas properties, and the estimated future timing and cost of asset retirement obligations.
	Actual results could differ from the estimates as additional information becomes known. The carrying values of oil and gas properties are particularly susceptible to change in the near term. Changes in the future estimated oil and gas reserves or the estimated future cash flows attributable to the reserves that are utilized for impairment analysis could have a significant impact on the future results of operations.
	Comprehensive Income (Loss)
	Legend Canada’s functional currency is the Canadian dollar (“CA”). The Company translates the financial statements of Legend Canada into U.S. dollars.  Results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at end of period exchange rates, except for equity transactions and advances not expected to be repaid in the foreseeable future, which are translated at historical costs.  The effects of exchange rate fluctuations on translating foreign currency assets and liabilities into U.S. dollars are accumulated as a separate component in other comprehensive income (loss).  Accumulated other comprehensive income (loss) consists entirely of foreign currency translation adjustments at September 30, 2014 and December 31, 2013. At September 30, 2014, these amounts were reclassified as income from discontinued operations (See Note 3).
	Going Concern
	The accompanying consolidated financial statements have been prepared in conformity with U.S. GAAP, which contemplates the continuation of the Company as a going concern. However, the Company has incurred net operating losses and operating cash flow deficits over the last several years, continuing through September 30, 2014.The Company is in the early stages of a management and operational restructuring of the risk managed process of acquisition, exploration, development and production of oil leaseholds, and has been funded primarily by borrowings under loan agreements and to a lesser extent by operating cash flows, to execute on its business plan for the acquisition, exploration, development and production of oil and gas reserves. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	Management’s plans in regard to these matters consist principally of seeking additional debt and / or equity financing combined with expected cash flows from current oil and gas assets held and additional oil and gas assets that it may acquire. There can be no assurance that the Company’s efforts will be successful. The financial statements do not include any adjustments that may result for the outcome of this uncertainty.
	Cash and Cash Equivalents
	Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value. The Company maintains its cash in institutions insured by the Federal Deposit Insurance Corporation (“FDIC”), which insures the balances up to $250,000 per depositor. At September 30, 2014 and December 31, 2013, the Company had cash balances of $1,137,447 and $-0-, respectively, in excess of FDIC insurance limits. The Company has not incurred losses related to any deposits in excess of the FDIC insurance amount and believes no significant concentration of credit risk exists with respect to cash investments.
	Concentrations
	Financial instruments which potentially subject us to concentrations of credit risk consist of cash. We periodically evaluate the credit worthiness of financial institutions, and maintain cash accounts only with major financial institutions thereby minimizing exposure for deposits in excess of federally insured amounts. We believe that credit risk associated with cash is remote.
	Accounts Receivable and Allowance for Doubtful Accounts
	Accounts receivable are reflected at net realizable value. The Company establishes provisions for losses on accounts receivable if the Company determines that the Company will not collect all or part of the outstanding balance. The Company regularly reviews collectability and establishes or adjusts the allowance as necessary using the specific identification method. Substantially all of accounts receivable balance relates to the most recent crude oil revenue sales.
	Full Cost Method of Accounting for Oil and Gas Properties
	We have elected to utilize the full cost method of accounting for our oil and gas activities. In accordance with the full cost method of accounting, all costs associated with acquisition, exploration, and development of oil and gas reserves, including directly related overhead costs and related asset retirement costs are capitalized into a cost center.  Our cost centers consist of the Canadian cost center and the United States cost center.
	All capitalized costs of oil and gas properties within each cost center, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves. Excluded from this amortization are costs associated with unevaluated properties, including capitalized interest on such costs. Unevaluated property costs are transferred to evaluated property costs at such time as wells are completed on the properties or management determines that these costs have been impaired.
	Oil and gas properties without estimated proved reserves are not amortized until proved reserves associated with the properties can be determined or until impairment occurs. The cost of these properties is assessed quarterly, on a field-by-field basis, to determine whether the properties are recorded at the lower of cost or fair market value.
	Sales of oil and gas properties are accounted for as adjustments of capitalized costs with no gain or loss recognized, unless such adjustments would significantly alter the relationship between capitalized costs and proved reserves of oil and gas attributable to a cost center, in which case the gain or loss is recognized in income. In determining whether adjustments to capitalized costs result in a significant alteration, capitalized costs within the cost center are allocated between the reserves sold and reserves retained on the same basis used to compute amortization, unless there are substantial economic differences between the properties sold and those retained. When economic differences between properties sold and those retained exist, capitalized costs within the cost center are allocated on the basis of the relative fair values of the properties in determining whether adjustments to capitalized costs result in a significant alteration.
	Full Cost Ceiling Test
	At the end of each quarterly reporting period, the cost of oil and gas properties in each cost center are subject to a “ceiling test” which basically limits capitalized costs to the sum of the estimated future net revenues from proved reserves, discounted at 10% per annum to present value, based on current economic and operating conditions, at the end of the period, plus the cost of properties not being amortized, plus the lower of cost or fair market value of unproved properties included in costs being amortized, less the income tax effects related to book and tax basis differences of the properties.  If the cost of oil and gas properties exceeds the ceiling, the excess is reflected as a non-cash impairment charge to earnings.  The impairment charge is permanent and not reversible in future periods, even though higher oil and gas prices in the future may subsequently and significantly increase the ceiling amount.
	Asset Retirement Obligation
	We record the fair value of a liability for an asset retirement obligation in the period in which the asset is acquired and a corresponding increase in the carrying amount of the related long-lived asset if a reasonable estimate of fair value can be made. The associated asset retirement cost capitalized as part of the related asset is allocated to expense over the asset’s useful life. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. The asset retirement obligation is recorded at its estimated fair value and accretion is recognized over time as the discounted liability is accreted to its expected settlement value. Fair value is determined by using the expected future cash outflows discounted at our credit-adjusted risk-free interest rate.
	Derivative Financial Instruments
	For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to non-operating income. For warrants and convertible derivative financial instruments, the Company uses the Black-Scholes Option Pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period, in accordance with FASB ASC Topic 815, Derivatives and Hedging. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.
	Oil and Gas Revenue Recognition
	Revenue from production on properties in which we share an economic interest with other owners is recognized on the basis of our interest. Revenues are reported on a gross basis for the amounts received before taking into account production taxes, royalties, and transportation costs, which are reported as production expenses. Revenue is recorded and receivables accrued using the sales method of accounting. Under this method, revenues are recognized based on the actual volumes of gas and oil sold to purchasers at a fixed or determinable price, when delivery has occurred and title has transferred, and if collectability of the revenue is probable. Delivery occurs and title is transferred when production has been delivered to a purchaser’s pipeline or truck. The volume sold may differ from the volumes we are entitled to, based on our individual interest in the property. We utilize a third-party marketer to sell oil and gas production in the open market. As a result of the requirements necessary to gather information from purchasers or various measurement locations, calculate volumes produced, perform field and wellhead allocations and distribute and disburse funds to various working interest partners and royalty owners, the collection of revenues from oil and gas production may take up to 30 days following the end of the month of production and delivery by the marketer. Therefore, we may make accruals for revenues and accounts receivable based on estimates of our share of production. Since the settlement process may take 30 days following the month of actual production, our financial results may include estimates of production and revenues for the related time period. We will record any differences between the actual amounts ultimately received and the original estimates in the period they become finalized.
	Income Taxes
	The Company accounts for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	FASB ASC-740 establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the consolidated financial statements. Also, the statement implements a process for measuring those tax positions which meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns.
	Stock-Based Compensation
	We measure compensation cost for stock-based awards at fair value and recognize it as compensation expense over the service period for awards expected to vest.  Stock-based compensation expense is also recognized upon cancellation of awards that were initially expected to vest.  Compensation cost (a non-cash expense) is recorded as a component of general and administrative expenses in the consolidated statements of operations, net of an estimated forfeiture rate. Stock based compensation is also used in lieu of payment of interest to certain financial institutions, where contractually permitted.
	Net Loss Per Common Share
	The computation of basic net loss per common share is based on the weighted average number of shares that were outstanding during the period. The computation of diluted net loss per common share is based on the weighted average number of shares used in the basic net loss per share calculation plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding.  Potentially dilutive common shares include conversion rights as well as warrants to purchase shares of common stock.
		For the Three Months Ended						For the Nine Months Ended
		September 30,			September 30,			September 30,			September 30,
		2014			2013			2014			2013
	Numerator
	Net income (loss) available to common shareholders	$	292,421		$	(1,733,819	)	$	(1,428,062	)	$	(4,928,415	)
	Effect of common stock equivalents
	Add: interest expense on convertible debt		25,206			17,895			25,206			17,895
	Less: tax effect of decrease interest expense		(8,822	)		(6,263	)		(8,822	)		(6,263	)
	Net income (loss) adjusted for common stock equivalents	$	308,811		$	(1,722,187	)	$	(1,411,678	)	$	(4,916,783	)
	Denominator
	Weighted average shares basic		172,874,221			95,678,070			164,810,840			86,860,839
	Dilutive effect of common stock equivalents
	Warrants		225,471,424			17,967,914			165,795,901			17,967,914
	Convertible debt		44,800,000			17,967,914			20,348,718			17,967,914
	Weighted average shares - dilutive		435,082,264			95,678,070			165,810,840			86,860,839
	Net income (loss) per share - basic	$	0		$	(0.02	)	$	(0.01	)	$	(0.05	)
	Net income(loss) per share - diluted	$	0		$	(0.02	)	$	(0.01	)	$	(0.05	)
	Fair Value of Financial Instruments
	The Company measures fair value in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price).
	Three levels of inputs that may be used to measure fair value are:
	Level 1: Observable market inputs such as quoted prices in active markets;
	Level 2: Observable market inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
Level 3: Unobservable inputs where there is little or no market data, which require the reporting entity to develop its own assumptions.
If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level of input that is significant to the fair value measurement of the instrument. The following table sets forth by level within the fair value hierarchy the Company’s warrant derivative liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014:
	Fair Value Measurements at September 30, 2014
	Quoted Prices In			Significant			Significant			Total Carrying
	Active Markets			Other			Unobservable			Value
	for Identical			Observable			Inputs
	Assets			Inputs
Description	(Level 1)			(Level 2)			(Level 3)
Derivative liability – convertible debt	$	—		$	—		$	—		$	—
Derivative liability – warrants		—			—			2,773,516			2,773,516
Total		—			—			2,773,516			2,773,516
Current portion		—			—			—			—
Long-term portion	$	—		$	—		$	2,773,516		$	2,773,516
The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as level 3 in the fair value hierarchy during the nine months ended September 30, 2014:
December 31, 2013 balance	$	1,161,284
Unrealized gain		(1,161,284	)
Settlements		—
Additions		2,773,516
Transfers		—
September 30, 2014 balance	$	2,773,516
Unrealized gain included in earnings related to derivatives still held as of September 30, 2014	$	1,161,284
The following table sets forth by level within the fair value hierarchy the Company’s warrant derivative liabilities that were accounted for at fair value on a recurring basis as of December 31, 2013:
	Fair Value Measurements at December 31, 2013
	Quoted Prices In			Significant			Significant			Total Carrying
	Active Markets			Other			Unobservable			Value
	for Identical			Observable			Inputs
	Assets			Inputs
Description	(Level 1)			(Level 2)			(Level 3)
Derivative liability – convertible debt	$	—		$	—		$	284		$	284
Derivative liability – warrants		—			—			1,161,000			1,161,000
Total		—			—			1,161,284			1,161,284
Current portion		—			—			—			—
Long-term portion	$	—		$	—		$	1,161,284		$	1,161,284
Recent Accounting Pronouncements
The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its consolidated results of operations, financial position or cash flows.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
DISCONTINUED OPERATIONS	'
	NOTE 3 – DISCONTINUED OPERATIONS
	On April 25, 2014, the Company received a Notice of Intention to Enforce Security from the National Bank of Canada (“the Bank”). Under the notice, the Bank states that it intends to enforce its rights against Legend Canada under the CA$6,000,000 Acknowledgement of Debt Revolving Demand Credit Agreement, dated August 15, 2011; the General Assignment of Book Debts, dated October 19, 2011; the CA$25,000,000 Fixed and Floating Charge Demand Debenture; the Pledge Agreement dated October 19, 2011; and the Negative Pledge and Undertaking dated October 19, 2011. On April 28, 2014 the Company received a Notice of Intention to Enforce Security from the Bank. Under the Company Notice, the Bank states that it intends to enforce its rights against the Company under the Letter of Guarantee, dated May 11, 2012; the General Security Agreement dated May 11, 2012; the Securities Pledge Agreement; the Subordination Agreement dated July 10, 2013; and the Set-off and Security Agreement dated July 10, 2013.  The bank claims the Company is in default under the Legend Canada Security and the Company Security agreements. The Bank has demanded payment in full of all amounts owing under the Legend Canada Security Agreements and the Company Security Agreements. The Bank claims  that the total amount due is $1,656,857 plus accrued interest, costs, expenses and fees including, without limitation, attorney’s fees.
	On May 9, 2014, the Bank was granted a Consent Receivership Order in Canada, whereby the Bank appointed a receiver to take all legally appropriate means to recover the amounts Legend Canada defaulted on, including the managing of its assets, potential sales of its assets and other strategic measures to appropriately remediate the amounts due the Bank.
	In August 2014, the Company and the Bank signed a Mutual Release and Discharge.  The Company paid the Bank CA$250,000 to and obtained a release which , among other things, stipulated that the Bank immediately release the guaranty of the Bank’s debt by Legend US, and the Uniform Commercial Code (“UCC”) filing placed by the Bank on Legend US (the parent company guarantee). All such releases have been obtained as of September 30, 2014.
	The amounts of net assets and liabilities related to the discontinued operations of Legend Canada are as follows:
		30-Sep-14			31-Dec-14
	Assets:
	Receivables	$	274,353		$	274,353
	Prepaid expenses		56,314			56,314
	Oil and gas property – subject to amortization		1,013,906			1,013,905
	Oil and gas property – not subject to amortization		193,344			1,224,311
	Total assets		1,537,917			2,568,883
	Liabilities:
	Accounts payable		(1,367,580	)		(1,412,108	)
	Short-term debt		(2,018,951	)		(2,018,951	)
	Asset retirement obligation		(1,336,354	)		(1,336,354	)
	Total liabilities		(4,722,885	)		(4,767,413	)
	Equity:
	Accumulated other comprehensive income		(127,774	)		(17,188	)
	Income from discontinued operations	$	(3,312,742	)	$	(2,215,718	)
	The amounts of income and expenses related to the discontinued operations of Legend Canada are as follows:
		Three Months Ended						Nine Months Ended
		30-Sep-14			30-Sep-13			30-Sep-14		30-Sep-13
	Oil and gas revenue	$	—		$	398,150		$	—	$	1,194,450
	Operating Expenses:
	Production		—			312,519			—		937,558
	General and administrative		—			301,187			—		903,562
	Depletion		—			67,407			—		202,221
	Total operating expenses		—			681,113			—		2,043,341
	Operating loss		—			(282,963	)		—		(848,891	)
	Other Expense:
	Interest expense		—			(42,845	)		—		(128,535	)
	Income (loss) from discontinued operations	$	—		$	(325,808	)	$	—	$	(977,426	)

OIL_AND_GAS_PROPERTIES

OIL AND GAS PROPERTIES	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
OIL AND GAS PROPERTIES	'
	NOTE 4 - OIL AND GAS PROPERTIES
	The amount of capitalized costs related to oil and gas property and the amount of related accumulated depletion, depreciation, and amortization are as follows:
		September 30, 2014			31-Dec-13
	Proved oil and gas properties	$	2,898,632		$	1,718,900
	Accumulated depletion, depreciation, and amortization		(502,990	)		(239,477	)
	Net proved oil and gas properties		2,395,642			1,479,423
	Unproved property		—			—
	Total oil and gas properties	$	2,395,642		$	1,479,423
	On January 28, 2014, the Company sold its Inga property located in British Columbia, Canada for CA$435,000 (US $450,318). The proceeds from the sale were accounted for as an adjustment to the capitalized costs in the Canadian cost center with no gain or loss recognized. This sale was included in the value of Legend Canada’s oil and gas property in discontinued operations.
	During the nine months ended September 30, 2014, the Company incurred development costs of $206,843 related to the completion of the Piqua, McCune, Landers, and Volunteer wells.
	During the nine months ended September 30, 2014, the Company incurred capital costs of $936,732 related to the acquisition of the Lander and Volunteer leases from New Western Energy Corporation (“NWTR”) and the drilling and development of its oil and gas properties. The Company entered into a Loan Release Agreement with New Western, in which (i) New Western assigned and transferred to Legend, all of its right, title, and interest in the assumed leases and (ii) Legend assumed the debenture and released New Western from any further obligations or payments relating to the Debenture, which, upon assumption, had a balance of $1,040,000, due and payable in April 2016. The difference was taken as debt discount on the note of $103,268.

NOTE_PAYABLE

NOTE PAYABLE	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
NOTE PAYABLE	'
	NOTE 6 – CONVERTIBLE DEBT
	JMJ Capital
	During the year ended December 31, 2013, the Company entered into a series of convertible notes with JMJ Capital (“JMJ”).  Principal amounting to $27,500 plus interest at 12% was payable on June 27, 2014, principal amounting to $27,500 plus interest at 12% on September 25, 2014, and principal amounting to $27,500 plus interest at 12% is repayable on December 9, 2014. The conversion price of the notes is the lesser of $0.05 or 60% of the lowest trading price of the Company’s common stock for 25 days prior to the conversion.
	During the nine months ended September 30, 2014, JMJ converted $63,000 of the outstanding debt into 9,284,179 shares of the Company’s common stock, resulting in a loss on conversion of $62,741.  Subsequent to September 30, 2014, an additional $7,000 of the outstanding debt was converted into 7,000,000 shares of the Company’s common stock and the Company paid $12,500 to pay off the remaining balance on this note.
	Hillair Capital Investments
	On July 10, 2013, the Company received $900,000 from issuing an 8% Original Issue Discount Senior Secured Convertible Debenture to Hillair Capital Investments L.P. (“Hillair”) in the amount of $1,008,000, initially convertible at a rate of $0.0561, and payable on or before December 1, 2014.  On November 22, 2013, the Company received $550,000 from issuing an 8% Original Issue Discount Senior Secured Convertible debenture to Hillair in the amount of $616,000, initially convertible at a rate of $0.0561, and payable on or before December 1, 2014.  The July 10, 2013 debenture is secured by the property in Woodson County Kansas, while the November 22, 2013 debenture is secured by the McCune property in Crawford County Kansas. The July 10, 2013 debenture is convertible into 17,967,914 shares of common stock.  The November 22, 2013 debenture is convertible into 10,980,392 shares of common stock.
	In connection with each of the debentures, the Company issued warrants to purchase shares of common stock with term of 5 years and an exercise price of $0.0673, subject to further adjustments.  The number of warrants issued in connection with the July 10, 2013 debenture was 19,764,706 and the number of warrants issued in connection with the November 22, 2013 debenture was 10,098,361. The Company recorded a discount to the notes of $524,000 for the original issue discount and beneficial conversion feature.
	On May 1, 2014, the Company received a default notice from Hillair.  In its default notice, Hillair stated that the Company owed $2,111,200 plus interest under the provisions of the Debentures.
	On May 29, 2014, the Company restructured the defaulted debt with Hillair whereby it issued the three 8% Original Issue Discount Senior Secured Convertible Debentures to Hillair with an aggregate value of $2,168,283. One of these debentures is convertible at a rate of $0.01, subject to adjustments, and payable on or before April 1, 2015. The remaining notes are not convertible and payable on or before August 1, 2014.
	Hillair and the Company have also entered into a forbearance agreement, on May 29, 2014, whereby Hillair shall refrain and forebear from exercising certain rights and remedies afforded under the July and November 2013 Agreements.
	In conjunction with the Debenture and in consideration of Hillair’s entering into the debenture agreement with the Company, the Company entered into a Securities Purchase Agreement (“SPA”) with Hillair for a common stock purchase warrant to purchase 117.6 million shares of common stock, with an exercise price equal to $0.01, subject to adjustment therein. The SPA provides for additional tranches on August 31, 2014 and October 30, 2014, respectively, for $325,000 per tranche. During September 30, 2014, Hillair exercised the third debenture as the Company reached certain of its agreed upon milestones with Hillair prior to August 2014.
	The Company analyzed the fair value of the new notes as compared to the notes originally issued, and noted a change of less than 10%, resulting in only a modification of the debt.
	The Company entered into similar securities purchase agreements to the SPA with Hillair in July 2013 and November 2013 respectively, and issued similar 8% Original Issue Discount Senior Secured Convertible Debentures and common stock purchase warrants (together, the “July and November 2013 Agreements”), where the Company and Hillair entered into a Forbearance Agreement, executed on May 29, 2014, whereby Hillair agreed to refrain and forebear from exercising certain rights and remedies afforded under the July and November 2013 Agreements.
	The Company accounts for warrants and conversion features as either equity instruments or derivative liabilities depending on the specific terms of the agreements.  Conversion features and warrants are accounted for as derivative financial instruments if they contain down-round protection, which preclude them from being considered indexed to the Company’s stock.  The conversion feature and the warrants issued to Hillair, in the July 10, 2013 and November 22, 2013 debentures, contained such down-round protection, and were bifurcated from the host debt contract and recorded at fair value.  The embedded features were subsequently adjusted to fair value at each reporting date, with the corresponding adjustment reflected as a non-operating credit / charge in the consolidated statement of operations. The amended debentures did not contain embedded derivative features and accordingly, the Company eliminated the derivative liabilities associated with the July 10, 2013 and November 22, 2013 debentures.
	On September 4, 2014, the Company entered into a Debenture Purchase Agreement with Hillair whereby Legend assumed an 8% original issue discount senior, secured convertible debenture in the original principal amount of $1,232,000, as originally executed on November 6, 2013 by NWTR. In accordance with the debenture, NWTR executed Financing Statements and Mortgages to Hillair covering certain NWTR oil and gas properties (the “Secured Properties”), which also included the right, title and interest in certain oil and gas leases known as the Lander Lease and Volunteer Unit (consisting of those certain Stewart Lease and the Van Camp Lease) (the “Assumed Leases”).  Simultaneous with the execution of the Debenture Purchase Agreement, the Company entered into a Loan Release Agreement with NWTR (the “Agreement”), in which (i) NWTR assigned and transferred to Legend, all of its right, title, and interest in the Assumed Leases and (ii) Legend assumed the Debenture and released NWTR from any further obligations or payments relating to the Debenture, which, upon assumption, had a balance of $1,040,000, due and payable in April 2016 (See Note 4).
	In connection with the above assumption, on September 4, 2014, the Company entered into an eighteen month debenture, of similar terms to the Debenture, in the principal amount of $500,000 with Hillair.
	On September 29, 2014, the Company issued an 8% Original Issue Discount Senior Secured Convertible Debenture to Hillair in the aggregate amount of $1,556,800 payable (a) $389,200 on or before October 1, 2015, (b) $389,200 on or before January 1, 2016, and (c) $778,400 on or before April 1, 2016, plus at each periodic redemption date, all accrued but unpaid interest or other amounts owing on each such date. After taking into account the original issue discount and legal fees of $90,000 reimbursed to Hillair, the net proceeds received by the Company was $1,300,000.
	In conjunction with the debenture and in consideration of Hillair’s entering into this agreement with the Company, the Company entered into an SPA with Hillair for a common stock purchase warrant to purchase up to 155,680,000 shares of common stock with an exercise price equal to $0.01, subject to adjustment therein. These warrants were accounted for as additional debt discount of $296,800.
	The Company agreed to prepare and file a mortgage, security agreement and financing statement in Kansas granting a lien in certain oil and gas mining leases and leasehold estates and any other applicable property of the Company in Kansas to secure the obligations of the Company to the Purchasers evidenced by the debenture.
	At September 30, 2014 and December 31, 2013, the gross principal outstanding payable to Hillair amounted to approximately $6.0 million and approximately $60 thousand of accrued interest and $1.6 million and $-0- of accrued interest, respectively. For the nine months ended September 30,2 014, there was approximately $130 thousand of discount amortization related to these notes.

CONVERTIBLE_DEBT

CONVERTIBLE DEBT	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
CONVERTIBLE DEBT	'
	NOTE 6 – CONVERTIBLE DEBT
	JMJ Capital
	During the year ended December 31, 2013, the Company entered into a series of convertible notes with JMJ Capital (“JMJ”).  Principal amounting to $27,500 plus interest at 12% was payable on June 27, 2014, principal amounting to $27,500 plus interest at 12% on September 25, 2014, and principal amounting to $27,500 plus interest at 12% is repayable on December 9, 2014. The conversion price of the notes is the lesser of $0.05 or 60% of the lowest trading price of the Company’s common stock for 25 days prior to the conversion.
	During the nine months ended September 30, 2014, JMJ converted $63,000 of the outstanding debt into 9,884,170 shares of the Company’s common stock, resulting in a loss on conversion of $62,741.  Subsequent to September 30, 2014, an additional $7,000 of the outstanding debt was converted into 7,000,000 shares of the Company’s common stock and the Company paid $12,500 to pay off the remaining balance on this note.
	Hillair Capital Investments
	On July 10, 2013, the Company received $900,000 from issuing an 8% Original Issue Discount Senior Secured Convertible Debenture to Hillair Capital Investments L.P. (“Hillair”) in the amount of $1,008,000, initially convertible at a rate of $0.0561, and payable on or before December 1, 2014.  On November 22, 2013, the Company received $550,000 from issuing an 8% Original Issue Discount Senior Secured Convertible debenture to Hillair in the amount of $616,000, initially convertible at a rate of $0.0561, and payable on or before December 1, 2014.  The July 10, 2013 debenture is secured by the property in Woodson County Kansas, while the November 22, 2013 debenture is secured by the McCune property in Crawford County Kansas. The July 10, 2013 debenture is convertible into 17,967,914 shares of common stock.  The November 22, 2013 debenture is convertible into 10,980,392 shares of common stock.
	In connection with each of the debentures, the Company issued warrants to purchase shares of common stock with term of 5 years and an exercise price of $0.0673, subject to further adjustments.  The number of warrants issued in connection with the July 10, 2013 debenture was 19,764,706 and the number of warrants issued in connection with the November 22, 2013 debenture was 10,098,361. The Company recorded a discount to the notes of $524,000 for the original issue discount and beneficial conversion feature.
	On May 1, 2014, the Company received a default notice from Hillair.  In its default notice, Hillair stated that the Company owed $2,111,200 plus interest under the provisions of the Debentures.
	On May 29, 2014, the Company restructured the defaulted debt with Hillair whereby it issued the three 8% Original Issue Discount Senior Secured Convertible Debentures to Hillair with an aggregate value of $2,168,283. One of these debentures is convertible at a rate of $0.01, subject to adjustments, and payable on or before April 1, 2015. The remaining notes are not convertible and payable on or before August 1, 2014.
	Hillair and the Company have also entered into a forbearance agreement, on May 29, 2014, whereby Hillair shall refrain and forebear from exercising certain rights and remedies afforded under the July and November 2013 Agreements.
	In conjunction with the Debenture and in consideration of Hillair’s entering into the debenture agreement with the Company, the Company entered into a Securities Purchase Agreement (“SPA”) with Hillair for a common stock purchase warrant to purchase 117.6 million shares of common stock, with an exercise price equal to $0.01, subject to adjustment therein. The SPA provides for additional tranches on August 31, 2014 and October 30, 2014, respectively, for $325,000 per tranche. During September 30, 2014, Hillair exercised the third debenture as the Company reached certain of its agreed upon milestones with Hillair prior to August 2014.
	The Company analyzed the fair value of the new notes as compared to the notes originally issued, and noted a change of less than 10%, resulting in only a modification of the debt.
	The Company entered into similar securities purchase agreements to the SPA with Hillair in July 2013 and November 2013 respectively, and issued similar 8% Original Issue Discount Senior Secured Convertible Debentures and common stock purchase warrants (together, the “July and November 2013 Agreements”), where the Company and Hillair entered into a Forbearance Agreement, executed on May 29, 2014, whereby Hillair agreed to refrain and forebear from exercising certain rights and remedies afforded under the July and November 2013 Agreements.
	The Company accounts for warrants and conversion features as either equity instruments or derivative liabilities depending on the specific terms of the agreements.  Conversion features and warrants are accounted for as derivative financial instruments if they contain down-round protection, which preclude them from being considered indexed to the Company’s stock.  The conversion feature and the warrants issued to Hillair, in the July 10, 2013 and November 22, 2013 debentures, contained such down-round protection, and were bifurcated from the host debt contract and recorded at fair value.  The embedded features were subsequently adjusted to fair value at each reporting date, with the corresponding adjustment reflected as a non-operating credit / charge in the consolidated statement of operations. The amended debentures did not contain embedded derivative features and accordingly, the Company eliminated the derivative liabilities associated with the July 10, 2013 and November 22, 2013 debentures.
	On September 4, 2014, the Company entered into a Debenture Purchase Agreement with Hillair whereby Legend assumed an 8% original issue discount senior, secured convertible debenture in the original principal amount of $1,232,000, as originally executed on November 6, 2013 by NWTR. In accordance with the debenture, NWTR executed Financing Statements and Mortgages to Hillair covering certain NWTR oil and gas properties (the “Secured Properties”), which also included the right, title and interest in certain oil and gas leases known as the Lander Lease and Volunteer Unit (consisting of those certain Stewart Lease and the Van Camp Lease) (the “Assumed Leases”).  Simultaneous with the execution of the Debenture Purchase Agreement, the Company entered into a Loan Release Agreement with NWTR (the “Agreement”), in which (i) NWTR assigned and transferred to Legend, all of its right, title, and interest in the Assumed Leases and (ii) Legend assumed the Debenture and released NWTR from any further obligations or payments relating to the Debenture, which, upon assumption, had a balance of $1,040,000, due and payable in April 2016 (See Note 4).
	In connection with the above assumption, on September 4, 2014, the Company entered into an eighteen month debenture, of similar terms to the Debenture, in the principal amount of $500,000 with Hillair.
	On September 29, 2014, the Company issued an 8% Original Issue Discount Senior Secured Convertible Debenture to Hillair in the aggregate amount of $1,556,800 payable (a) $389,200 on or before October 1, 2015, (b) $389,200 on or before January 1, 2016, and (c) $778,400 on or before April 1, 2016, plus at each periodic redemption date, all accrued but unpaid interest or other amounts owing on each such date. After taking into account the original issue discount and legal fees of $90,000 reimbursed to Hillair, the net proceeds received by the Company was $1,300,000.
	In conjunction with the debenture and in consideration of Hillair’s entering into this agreement with the Company, the Company entered into an SPA with Hillair for a common stock purchase warrant to purchase up to 155,680,000 shares of common stock with an exercise price equal to $0.01, subject to adjustment therein. These warrants were accounted for as additional debt discount of $296,800.
	The Company agreed to prepare and file a mortgage, security agreement and financing statement in Kansas granting a lien in certain oil and gas mining leases and leasehold estates and any other applicable property of the Company in Kansas to secure the obligations of the Company to the Purchasers evidenced by the debenture.
	At September 30, 2014 and December 31, 2013, the gross principal outstanding payable to Hillair amounted to approximately $6.0 million and approximately $60 thousand of accrued interest and $1.6 million and $-0- of accrued interest, respectively. For the nine months ended September 30,2 014, there was approximately $130 thousand of discount amortization related to these notes.

EMBEDDED_DERIVATIVE_LIABILITIE

EMBEDDED DERIVATIVE LIABILITIES	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
EMBEDDED DERIVATIVE LIABILITIES	'
	NOTE 7 – EMBEDDED DERIVATIVE LIABILITIES
	Hillair Convertible Notes
	The Hillair convertible notes, prior to modification (See Note 6), were convertible at $0.01 per common share and interest was convertible at 90% of the variable average weighted stock price. The Company analyzed these conversion options and determined that these instruments should be classified as derivative liabilities and recorded at fair value due to there being no explicit number of shares to be delivered upon settlement of the aforementioned conversion options.
	On May 29, 2014, these notes were modified and the floating conversion feature was removed. As of September 30, 2014, the fair value of these derivatives was $-0-.
	The following is a summary of the assumptions used in the Black-Scholes Option Pricing model to estimate the fair value of the Conversion options of the Hillair convertible notes as of September 30, 2014 and December 31, 2013, respectively:
			30-Sep-14			31-Dec-13
	Exercise price		$	0.01		$	0.04
	Risk free interest rate (1)			0.13	%		0.13	%
	Expected dividend yield			0	%		0	%
	Expected volatility (2)			218.8	%		100	%
	Expected exercise term in years			0.25			0.92
		-1	The risk-free interest rate was determined by management using the 5 year Treasury Bill rate as of the issuance date.
		-2	The volatility was determined by referring to the average historical volatility of the Company’s common stock.
	Hillair Warrants
	In conjunction with the modification of the Hillair convertible notes, the Company entered into SPAs with Hillair to issue 474,258,441 warrants to purchase an equivalent number of shares of the Company’s common stock with an exercise price of $0.01 per share. The warrants expire on July 1, 2018, May 29, 2014, and September 29, 2019. The warrant agreements contain down-round protection and considered a derivative.
	As of September 30, 2014, the fair value of these derivatives was $2,773,516.
	The following is a summary of the assumptions used in the Black-Scholes Option Pricing model to estimate the fair value of the Company’s warrant derivative liabilities as of September 30, 2014 and December 31, 2013, respectively:
			30-Sep-14			31-Dec-13
	Exercise price		$	0.01		$	0.04
	Risk free interest rate (1)			0.78	%		0.13	%
	Expected dividend yield			0	%		0	%
	Expected volatility (2)			218.8	%		100	%
	Expected exercise term in years			4.67			0.92
		-3	The risk-free interest rate was determined by management using the 5 year Treasury Bill rate as of the issuance date.
		-4	The volatility was determined by referring to the average historical volatility of the Company’s common stock.
	The following table sets forth the changes in the fair value measurements of the Company’s Level 3 derivative liabilities during the nine months ended September 30, 2014:
			December 31,			Additional			Reclass to		Change in			September 30,
			2013			Issuances			Additional		Fair Value of			2014
									Paid-in		Derivative
									Capital		Liability
	Derivative liability – convertible debt		$	284		$	—		$	—	$	(284	)	$	—
	Derivative liability – warrants			1,161,000			2,773,516			—		(1,161,000	)		2,773,516
				1,161,284		$	2,773,516		$	—	$	(1,161,284	)		2,773,516
	Current portion			—											—
	Long-term portion		$	1,161,284										$	2,773,516

ASSET_RETIREMENT_OBLIGATION

ASSET RETIREMENT OBLIGATION	9 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation Disclosure [Abstract]	'
ASSET RETIREMENT OBLIGATION	'
	NOTE 8 – ASSET RETIREMENT OBLIGATION
	The following table reflects the changes in the asset retirement obligations for the nine months ended September 30, 2014:
		Amount
	Asset retirement obligations as of December 31, 2013	$	196,767
	Additions		36,157
	Current period revision to previous estimates		—
	Current period accretion		31,723
	Asset retirement obligations as of September 30, 2014	$	264,647

STOCKHOLDERS_DEFICIT

STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
STOCKHOLDERS' DEFICIT	'
	NOTE 9 - STOCKHOLDERS’ DEFICIT
	On July 25, 2014, the Company obtained written consent from stockholders representing 53% of the voting common stock shareholders approving an amendment to the Company’s Articles of Incorporation to effect an increase in the amount of authorized shares of Common Stock from 500,000,000 to 1,100,000,000.  Also, in July 2014, the Company increased the number of authorized shares of stock from 500 million shares, with a par value of $0.001, to 1.1 billion shares, with a par value of $0.001, of which 1.0 billion shares will be designated as common stock, and 100 million shares are designated as blank check preferred stock.
	During the nine months ended September 30, 2014, the Company issued 9,884,170 shares of common stock for the conversion of $63,000 of convertible debt held by JMJ, resulting in a loss on conversion of $62,741.
	Stock-Based Compensation
	For the three and nine months ended September 30, 2014, the Company recognized stock-based compensation of $13,963 and $835,665, respectively, related to common stock issued for services.
	Stock Incentive Plan
	On May 15, 2014, the Company created the 2014 Stock Incentive Plan and reserved 40,000,000 shares of common stock for issuance thereunder.  The 2014 Stock Incentive Plan also provides the issuance of stock awards and grant of options to purchase shares of the Company’s common stock.
	A summary of stock option activity is as follows:
		Number of			Weighted-		Weighted-		Aggregate
		Shares			Average		Average		Intrinsic
					Exercise Price		Remaining Contractual		Value
							Term (Years)
	Outstanding at December 31, 2013		600,000		$	0.07		1.75	$	—
	Granted		—			—		—		—
	Exercised		—			—		—		—
	Forfeited		(600,000	)		0.07		—		—
	Outstanding at September 30, 2014		—			—		—	$	—
	Exercisable at September 30, 2014		—		$	—
	There were no stock option grants during the period presented.
	Warrants
	A summary of information regarding common stock warrants outstanding is as follows:
		Number of			Weighted-		Weighted-		Aggregate
		Shares			Average		Average		Intrinsic
					Exercise Price		Remaining		Value
							Contractual
							Term (Years)
	Outstanding at December 31, 2013		32,713,067		$	—		—	$	—
	Granted		444,395,374			—		—		—
	Exercised		—			—		—		—
	Forfeited		(2,850,000	)		—		—		—
	Outstanding at September 30, 2014		474,258,441			—		—	$	—
	Exercisable at September 30, 2014		474,258,441		$	—
	As of September 30, 2014, none of the outstanding warrants had been exercised.  The warrants issued in February, April and August 2011, expired without exercise.
	Due to the floating rate feature associated with some of these warrants (See Note 7), a portion are considered derivatives.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE 10 – SUBSEQUENT EVENTS
	On November 13, 2014, the Company and Hillair entered into a debt and warrant restructuring. All existing debt outstanding and owned by Hillair has been restructured and consolidated into one new debenture.  All conversion and amortization features have been removed, resulting in a new, single debenture outstanding, with a total amount due Hillair of $6 million plus annual interest of 8.5% due and payable in one payment on March 1, 2016.  Further, in exchange for the 600,000,000 warrants to purchase shares of the Company’s common stock held by Hillair; Hillair has purchased 600 shares of convertible preferred stock with a value $1,000 each for a total amount of $600,000 in cash proceeds.  This convertible preferred stock has a 0% dividend rate, is classified as equity, and is in exchange for any and all outstanding warrants and conversion features included in prior debentures.  The shares of preferred stock are convertible into 600 million shares of the Company¹s common stock at $0.001 per share.
	Also subsequent to the nine months ended September 30, 2014, 2,250,000 shares of common stock, valued at approximately $6,800 were issued for services rendered.  Further, 10,847,249 shares of common stock valued at approximately $22,000, were issued to JMJ in connection with the note repayment, along with a cash payment of $12,500, resulting in a loss on conversion of $24,180.
	Lastly, subsequent to September 30, 2014, we purchased a drilling rig at a purchase price of $465,000, for both our own use and to provide additional revenue sources to the Company.  This asset purchase was financed through a down payment of $150,000, and a note payable of $315,000, at 6%, per annum, with monthly payments of $18,343, including principal and interest, through April 2016.

BASIS_OF_PRESENTATION_AND_SUMM1

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Principles of Consolidation	'
	Principles of Consolidation
	The consolidated financial statements have been prepared in accordance with generally accepted accounting principles and include the accounts of the Company and Legend Canada, our wholly-owned subsidiary.  Intercompany transactions and balances have been eliminated in consolidation.
Basis of Presentation	'
	Basis of Presentation
	The unaudited financial information furnished herein reflects all adjustments, consisting solely of normal recurring items, which in the opinion of management are necessary to fairly state the financial position of the Company and the results of its operations for the periods presented.  This report on Form 10-Q should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended December 31, 2013.  The Company assumes that the users of the interim financial information herein have read or have access to the audited financial statements for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context.  Accordingly, footnote disclosure, which would substantially duplicate the disclosure contained in the Company’s Form 10-K for the fiscal year ended December 31, 2013 has been omitted.  The results of operations for the nine-month period ended September 30, 2014 are not necessarily indicative of results for the entire year ending December 31, 2013.
Reclassifications	'
	Reclassifications
	Certain reclassifications have been made to amounts in prior periods to conform to the current period presentation. All reclassifications have been applied consistently to the periods presented.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Management’s judgments and estimates in these areas are to be based on information available from both internal and external sources, including engineers, geologists, consultants and historical experience in similar matters. The more significant reporting areas impacted by management’s judgments and estimates are fair values of the Company’s equity-linked instruments, accruals related to oil and gas sales and expenses, estimates of future oil and gas reserves, estimates used in the impairment of oil and gas properties, and the estimated future timing and cost of asset retirement obligations.
	Actual results could differ from the estimates as additional information becomes known. The carrying values of oil and gas properties are particularly susceptible to change in the near term. Changes in the future estimated oil and gas reserves or the estimated future cash flows attributable to the reserves that are utilized for impairment analysis could have a significant impact on the future results of operations.
Comprehensive Income (Loss)	'
	Comprehensive Income (Loss)
	Legend Canada’s functional currency is the Canadian dollar (“CA”). The Company translates the financial statements of Legend Canada into U.S. dollars.  Results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at end of period exchange rates, except for equity transactions and advances not expected to be repaid in the foreseeable future, which are translated at historical costs.  The effects of exchange rate fluctuations on translating foreign currency assets and liabilities into U.S. dollars are accumulated as a separate component in other comprehensive income (loss).  Accumulated other comprehensive income (loss) consists entirely of foreign currency translation adjustments at September 30, 2014 and December 31, 2013. At September 30, 2014, these amounts were reclassified as income from discontinued operations (See Note 3).
Going Concern	'
	Going Concern
	The accompanying consolidated financial statements have been prepared in conformity with U.S. GAAP, which contemplates the continuation of the Company as a going concern. However, the Company has incurred net operating losses and operating cash flow deficits over the last several years, continuing through September 30, 2014.The Company is in the early stages of a management and operational restructuring of the risk managed process of acquisition, exploration, development and production of oil leaseholds, and has been funded primarily by borrowings under loan agreements and to a lesser extent by operating cash flows, to execute on its business plan for the acquisition, exploration, development and production of oil and gas reserves. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	Management’s plans in regard to these matters consist principally of seeking additional debt and / or equity financing combined with expected cash flows from current oil and gas assets held and additional oil and gas assets that it may acquire. There can be no assurance that the Company’s efforts will be successful. The financial statements do not include any adjustments that may result for the outcome of this uncertainty.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value. The Company maintains its cash in institutions insured by the Federal Deposit Insurance Corporation (“FDIC”), which insures the balances up to $250,000 per depositor. At September 30, 2014 and December 31, 2013, the Company had cash balances of $1,137,447 and $-0-, respectively, in excess of FDIC insurance limits. The Company has not incurred losses related to any deposits in excess of the FDIC insurance amount and believes no significant concentration of credit risk exists with respect to cash investments.
Concentrations	'
	Concentrations
	Financial instruments which potentially subject us to concentrations of credit risk consist of cash. We periodically evaluate the credit worthiness of financial institutions, and maintain cash accounts only with major financial institutions thereby minimizing exposure for deposits in excess of federally insured amounts. We believe that credit risk associated with cash is remote.
Accounts Receivable and Allowance for Doubtful Accounts	'
	Accounts Receivable and Allowance for Doubtful Accounts
	Accounts receivable are reflected at net realizable value. The Company establishes provisions for losses on accounts receivable if the Company determines that the Company will not collect all or part of the outstanding balance. The Company regularly reviews collectability and establishes or adjusts the allowance as necessary using the specific identification method. Substantially all of accounts receivable balance relates to the most recent crude oil revenue sales.
Full Cost Method of Accounting for Oil and Gas Properties	'
	Full Cost Method of Accounting for Oil and Gas Properties
	We have elected to utilize the full cost method of accounting for our oil and gas activities. In accordance with the full cost method of accounting, all costs associated with acquisition, exploration, and development of oil and gas reserves, including directly related overhead costs and related asset retirement costs are capitalized into a cost center.  Our cost centers consist of the Canadian cost center and the United States cost center.
	All capitalized costs of oil and gas properties within each cost center, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves. Excluded from this amortization are costs associated with unevaluated properties, including capitalized interest on such costs. Unevaluated property costs are transferred to evaluated property costs at such time as wells are completed on the properties or management determines that these costs have been impaired.
	Oil and gas properties without estimated proved reserves are not amortized until proved reserves associated with the properties can be determined or until impairment occurs. The cost of these properties is assessed quarterly, on a field-by-field basis, to determine whether the properties are recorded at the lower of cost or fair market value.
	Sales of oil and gas properties are accounted for as adjustments of capitalized costs with no gain or loss recognized, unless such adjustments would significantly alter the relationship between capitalized costs and proved reserves of oil and gas attributable to a cost center, in which case the gain or loss is recognized in income. In determining whether adjustments to capitalized costs result in a significant alteration, capitalized costs within the cost center are allocated between the reserves sold and reserves retained on the same basis used to compute amortization, unless there are substantial economic differences between the properties sold and those retained. When economic differences between properties sold and those retained exist, capitalized costs within the cost center are allocated on the basis of the relative fair values of the properties in determining whether adjustments to capitalized costs result in a significant alteration.
Full Cost Ceiling Test	'
	Full Cost Ceiling Test
	At the end of each quarterly reporting period, the cost of oil and gas properties in each cost center are subject to a “ceiling test” which basically limits capitalized costs to the sum of the estimated future net revenues from proved reserves, discounted at 10% per annum to present value, based on current economic and operating conditions, at the end of the period, plus the cost of properties not being amortized, plus the lower of cost or fair market value of unproved properties included in costs being amortized, less the income tax effects related to book and tax basis differences of the properties.  If the cost of oil and gas properties exceeds the ceiling, the excess is reflected as a non-cash impairment charge to earnings.  The impairment charge is permanent and not reversible in future periods, even though higher oil and gas prices in the future may subsequently and significantly increase the ceiling amount.
Asset Retirement Obligations	'
	Asset Retirement Obligation
	We record the fair value of a liability for an asset retirement obligation in the period in which the asset is acquired and a corresponding increase in the carrying amount of the related long-lived asset if a reasonable estimate of fair value can be made. The associated asset retirement cost capitalized as part of the related asset is allocated to expense over the asset’s useful life. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. The asset retirement obligation is recorded at its estimated fair value and accretion is recognized over time as the discounted liability is accreted to its expected settlement value. Fair value is determined by using the expected future cash outflows discounted at our credit-adjusted risk-free interest rate.
Derivative Financial Instruments	'
	Derivative Financial Instruments
	For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to non-operating income. For warrants and convertible derivative financial instruments, the Company uses the Black-Scholes Option Pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period, in accordance with FASB ASC Topic 815, Derivatives and Hedging. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.
Oil and Gas Revenue Recognition	'
	Oil and Gas Revenue Recognition
	Revenue from production on properties in which we share an economic interest with other owners is recognized on the basis of our interest. Revenues are reported on a gross basis for the amounts received before taking into account production taxes, royalties, and transportation costs, which are reported as production expenses. Revenue is recorded and receivables accrued using the sales method of accounting. Under this method, revenues are recognized based on the actual volumes of gas and oil sold to purchasers at a fixed or determinable price, when delivery has occurred and title has transferred, and if collectability of the revenue is probable. Delivery occurs and title is transferred when production has been delivered to a purchaser’s pipeline or truck. The volume sold may differ from the volumes we are entitled to, based on our individual interest in the property. We utilize a third-party marketer to sell oil and gas production in the open market. As a result of the requirements necessary to gather information from purchasers or various measurement locations, calculate volumes produced, perform field and wellhead allocations and distribute and disburse funds to various working interest partners and royalty owners, the collection of revenues from oil and gas production may take up to 30 days following the end of the month of production and delivery by the marketer. Therefore, we may make accruals for revenues and accounts receivable based on estimates of our share of production. Since the settlement process may take 30 days following the month of actual production, our financial results may include estimates of production and revenues for the related time period. We will record any differences between the actual amounts ultimately received and the original estimates in the period they become finalized.
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	FASB ASC-740 establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the consolidated financial statements. Also, the statement implements a process for measuring those tax positions which meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns.
Share-based Compensation	'
	Stock-Based Compensation
	We measure compensation cost for stock-based awards at fair value and recognize it as compensation expense over the service period for awards expected to vest.  Stock-based compensation expense is also recognized upon cancellation of awards that were initially expected to vest.  Compensation cost (a non-cash expense) is recorded as a component of general and administrative expenses in the consolidated statements of operations, net of an estimated forfeiture rate. Stock based compensation is also used in lieu of payment of interest to certain financial institutions, where contractually permitted.
Net Loss Per Common Share	'
	Net Loss Per Common Share
	The computation of basic net loss per common share is based on the weighted average number of shares that were outstanding during the period. The computation of diluted net loss per common share is based on the weighted average number of shares used in the basic net loss per share calculation plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding.  Potentially dilutive common shares include conversion rights as well as warrants to purchase shares of common stock.
		For the Three Months Ended						For the Nine Months Ended
		September 30,			September 30,			September 30,			September 30,
		2014			2013			2014			2013
	Numerator
	Net income (loss) available to common shareholders	$	292,421		$	(1,733,819	)	$	(1,428,062	)	$	(4,928,415	)
	Effect of common stock equivalents
	Add: interest expense on convertible debt		25,206			17,895			25,206			17,895
	Less: tax effect of decrease interest expense		(8,822	)		(6,263	)		(8,822	)		(6,263	)
	Net income (loss) adjusted for common stock equivalents	$	308,811		$	(1,722,187	)	$	(1,411,678	)	$	(4,916,783	)
	Denominator
	Weighted average shares basic		172,874,221			95,678,070			164,810,840			86,860,839
	Dilutive effect of common stock equivalents
	Warrants		225,471,424			17,967,914			165,795,901			17,967,914
	Convertible debt		44,800,000			17,967,914			20,348,718			17,967,914
	Weighted average shares - dilutive		435,082,264			95,678,070			165,810,840			86,860,839
	Net income (loss) per share - basic	$	0		$	(0.02	)	$	(0.01	)	$	(0.05	)
	Net income(loss) per share - diluted	$	0		$	(0.02	)	$	(0.01	)	$	(0.05	)
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company measures fair value in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price).
	Three levels of inputs that may be used to measure fair value are:
	Level 1: Observable market inputs such as quoted prices in active markets;
	Level 2: Observable market inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
	Level 3: Unobservable inputs where there is little or no market data, which require the reporting entity to develop its own assumptions.
	If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level of input that is significant to the fair value measurement of the instrument. The following table sets forth by level within the fair value hierarchy the Company’s warrant derivative liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014:
		Fair Value Measurements at September 30, 2014
		Quoted Prices In			Significant			Significant			Total Carrying
		Active Markets			Other			Unobservable			Value
		for Identical			Observable			Inputs
		Assets			Inputs
	Description	(Level 1)			(Level 2)			(Level 3)
	Derivative liability – convertible debt	$	—		$	—		$	—		$	—
	Derivative liability – warrants		—			—			2,773,516			2,773,516
	Total		—			—			2,773,516			2,773,516
	Current portion		—			—			—			—
	Long-term portion	$	—		$	—		$	2,773,516		$	2,773,516
	The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as level 3 in the fair value hierarchy during the nine months ended September 30, 2014:
	December 31, 2013 balance	$	1,161,284
	Unrealized gain		(1,161,284	)
	Settlements		—
	Additions		2,773,516
	Transfers		—
	September 30, 2014 balance	$	2,773,516
	Unrealized gain included in earnings related to derivatives still held as of September 30, 2014	$	1,161,284
	The following table sets forth by level within the fair value hierarchy the Company’s warrant derivative liabilities that were accounted for at fair value on a recurring basis as of December 31, 2013:
		Fair Value Measurements at December 31, 2013
		Quoted Prices In			Significant			Significant			Total Carrying
		Active Markets			Other			Unobservable			Value
		for Identical			Observable			Inputs
		Assets			Inputs
	Description	(Level 1)			(Level 2)			(Level 3)
	Derivative liability – convertible debt	$	—		$	—		$	284		$	284
	Derivative liability – warrants		—			—			1,161,000			1,161,000
	Total		—			—			1,161,284			1,161,284
	Current portion		—			—			—			—
	Long-term portion	$	—		$	—		$	1,161,284		$	1,161,284
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its consolidated results of operations, financial position or cash flows.

BASIS_OF_PRESENTATION_AND_SUMM2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2014
Basis Of Presentation And Summary Of Significant Accounting Policies Tables	'
Schedule of Net Loss Per Common Share	'
	The computation of basic net loss per common share is based on the weighted average number of shares that were outstanding during the period. The computation of diluted net loss per common share is based on the weighted average number of shares used in the basic net loss per share calculation plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding.  Potentially dilutive common shares include conversion rights as well as warrants to purchase shares of common stock.
		For the Three Months Ended						For the Nine Months Ended
		September 30,			September 30,			September 30,			September 30,
		2014			2013			2014			2013
	Numerator
	Net income (loss) available to common shareholders	$	355,168		$	(1,733,819	)	$	(1,463,680	)	$	(4,928,415	)
	Effect of common stock equivalents
	Add: interest expense on convertible debt		25,206			17,895			25,206			17,895
	Less: tax effect of decrease interest expense		(8,822	)		(6,263	)		(8,822	)		(6,263	)
	Net income (loss) adjusted for common stock equivalents		371,552			(1,722,187	)		(1,447,296	)		(4,916,783	)
	Denominator
	Weighted average shares basic		172,874,221			95,678,070			164,810,840			86,860,265
	Net income (loss) per share - basic	$	0		$	(0.02	)	$	(0.01	)	$	(0.05	)
	Dilutive effect of common stock equivalents
	Warrants		225,471,424			17,967,914			—			17,967,914
	Convertible debt		44,800,000			17,967,914			—			17,967,914
	Denominator
	Weighted average shares - dilutive		443,145,645			131,613,898			—			122,796,667
	Net income(loss) per share - diluted	$	0		$	(0.01	)	$	(0.00	)	$	(0.04	)
Schedule of fair value hierarchy	'
	The following table sets forth by level within the fair value hierarchy the Company’s warrant derivative liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014:
		Fair Value Measurements at September 30, 2014
		Quoted Prices In			Significant			Significant			Total Carrying
		Active Markets			Other			Unobservable			Value
		for Identical			Observable			Inputs
		Assets			Inputs
	Description	(Level 1)			(Level 2)			(Level 3)
	Derivative liability – convertible debt	$	—		$	—		$	—		$	—
	Derivative liability – warrants		—			—			2,773,516			2,773,516
	Total		—			—			2,773,516			2,773,516
	Current portion		—			—			—			—
	Long-term portion	$	—		$	—		$	2,773,516		$	2,773,516
	The following table sets forth by level within the fair value hierarchy the Company’s warrant derivative liabilities that were accounted for at fair value on a recurring basis as of December 31, 2013:
		Fair Value Measurements at December 31, 2013
		Quoted Prices In			Significant			Significant			Total Carrying
		Active Markets			Other			Unobservable			Value
		for Identical			Observable			Inputs
		Assets			Inputs
	Description	(Level 1)			(Level 2)			(Level 3)
	Derivative liability – convertible debt	$	—		$	—		$	284		$	284
	Derivative liability – warrants		—			—			1,161,000			1,161,000
	Total		—			—			1,161,284			1,161,284
	Current portion		—			—			—			—
	Long-term portion	$	—		$	—		$	1,161,284		$	1,161,284
Schedule of reconciliation fair value of financial liabilities classified as level 3	'
	The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as level 3 in the fair value hierarchy during the nine months ended September 30, 2014:
	December 31, 2013 balance	$	1,161,284
	Unrealized gain		(1,161,284	)
	Settlements		—
	Additions		2,773,516
	Transfers		—
	September 30, 2014 balance	$	2,773,516
	Unrealized gain included in earnings related to derivatives still held as of September 30, 2014	$	1,161,284

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2014
Discontinued Operations Tables	'
Schedule of net assets and liabilities and income and expenses related to the discontinued operations	'
	The amounts of net assets and liabilities related to the discontinued operations of Legend Canada are as follows:
		30-Sep-14			31-Dec-14
	Assets:
	Receivables	$	274,353		$	274,353
	Prepaid expenses		56,314			56,314
	Oil and gas property – subject to amortization		1,013,906			1,013,905
	Oil and gas property – not subject to amortization		193,344			1,224,311
	Total assets		1,537,917			2,568,883
	Liabilities:
	Accounts payable		(1,367,580	)		(1,412,108	)
	Short-term debt		(2,018,951	)		(2,018,951	)
	Asset retirement obligation		(1,336,354	)		(1,336,354	)
	Total liabilities		(4,722,885	)		(4,767,413	)
	Equity:
	Accumulated other comprehensive income		(127,774	)		(17,188	)
	Income from discontinued operations	$	(3,312,742	)	$	(2,215,718	)
	The amounts of income and expenses related to the discontinued operations of Legend Canada are as follows:
		Three Months Ended						Nine Months Ended
		30-Sep-14			30-Sep-13			30-Sep-14		30-Sep-13
	Oil and gas revenue	$	—		$	398,150		$	—	$	1,194,450
	Operating Expenses:
	Production		—			312,519			—		937,558
	General and administrative		—			301,187			—		903,562
	Depletion		—			67,407			—		202,221
	Total operating expenses		—			681,113			—		2,043,341
	Operating loss		—			(282,963	)		—		(848,891	)
	Other Expense:
	Interest expense		—			(42,845	)		—		(128,535	)
	Income (loss) from discontinued operations	$	—		$	(325,808	)	$	—	$	(977,426	)

OIL_AND_GAS_PROPERTIES_Tables

OIL AND GAS PROPERTIES (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
Schedule of capitalized costs	'
	The amount of capitalized costs related to oil and gas property and the amount of related accumulated depletion, depreciation, and amortization are as follows:
		September 30, 2014			31-Dec-13
	Proved oil and gas properties	$	2,898,632		$	1,718,900
	Accumulated depletion, depreciation, and amortization		(502,990	)		(239,477	)
	Net proved oil and gas properties		2,395,642			1,479,423
	Unproved property		—			—
	Total oil and gas properties	$	2,395,642		$	1,479,423

EMBEDDED_DERIVATIVE_LIABILITIE1

EMBEDDED DERIVATIVE LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2014
Embedded Derivative Liabilities Tables	'
Fair value assets and liabilities measured on recurring and nonrecurring basis valuation techniques	'
	The following is a summary of the assumptions used in the Black-Scholes Option Pricing model to estimate the fair value of the Conversion options of the Hillair convertible notes as of September 30, 2014 and December 31, 2013, respectively:
			30-Sep-14			31-Dec-13
	Exercise price		$	0.01		$	0.04
	Risk free interest rate (1)			0.13	%		0.13	%
	Expected dividend yield			0	%		0	%
	Expected volatility (2)			218.8	%		100	%
	Expected exercise term in years			0.25			0.92
		-1	The risk-free interest rate was determined by management using the 5 year Treasury Bill rate as of the issuance date.
		-2	The volatility was determined by referring to the average historical volatility of the Company’s common stock.
	The following is a summary of the assumptions used in the Black-Scholes Option Pricing model to estimate the fair value of the Company’s warrant derivative liabilities as of September 30, 2014 and December 31, 2013, respectively:
			30-Sep-14			31-Dec-13
	Exercise price		$	0.01		$	0.04
	Risk free interest rate (1)			0.78	%		0.13	%
	Expected dividend yield			0	%		0	%
	Expected volatility (2)			218.8	%		100	%
	Expected exercise term in years			4.67			0.92
		-3	The risk-free interest rate was determined by management using the 5 year Treasury Bill rate as of the issuance date.
		-4	The volatility was determined by referring to the average historical volatility of the Company’s common stock.
Schedule of changes in the fair value measurements of the Company's Level 3 derivative liabilities	'
	The following table sets forth the changes in the fair value measurements of the Company’s Level 3 derivative liabilities during the nine months ended September 30, 2014:
			December 31,			Additional			Reclass to		Change in			September 30,
			2013			Issuances			Additional		Fair Value of			2014
									Paid-in		Derivative
									Capital		Liability
	Derivative liability – convertible debt		$	284		$	—		$	—	$	(284	)	$	—
	Derivative liability – warrants			1,161,000			2,773,516			—		(1,161,000	)		2,773,516
				1,161,284		$	2,773,516		$	—	$	(1,161,284	)		2,773,516
	Current portion			—											—
	Long-term portion		$	1,161,284										$	2,773,516

ASSET_RETIREMENT_OBLIGATION_Ta

ASSET RETIREMENT OBLIGATION (Tables)	9 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation Tables	'
Schedule of Asset Retirement Obligations	'
	The following table reflects the changes in the asset retirement obligations for the nine months ended September 30, 2014:
		Amount
	Asset retirement obligations as of December 31, 2013	$	196,767
	Additions		36,157
	Current period revision to previous estimates		—
	Current period accretion		31,723
	Asset retirement obligations as of September 30, 2014	$	264,647

STOCKHOLDERS_EQUITY_DEFICIT_Ta

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity	'
	A summary of stock option activity is as follows:
		Number of			Weighted-		Weighted-		Aggregate
		Shares			Average		Average		Intrinsic
					Exercise Price		Remaining Contractual		Value
							Term (Years)
	Outstanding at December 31, 2013		600,000		$	0.07		1.75	$	—
	Granted		—			—		—		—
	Exercised		—			—		—		—
	Forfeited		(600,000	)		0.07		—		—
	Outstanding at September 30, 2014		—			—		—	$	—
	Exercisable at September 30, 2014		—		$	—
Schedule of Stockholders' Equity Note, Warrants or Rights	'
	A summary of information regarding common stock warrants outstanding is as follows:
		Number of			Weighted-		Weighted-		Aggregate
		Shares			Average		Average		Intrinsic
					Exercise Price		Remaining		Value
							Contractual
							Term (Years)
	Outstanding at December 31, 2013		32,713,067		$	—		—	$	—
	Granted		444,395,374			—		—		—
	Exercised		—			—		—		—
	Forfeited		(2,850,000	)		—		—		—
	Outstanding at September 30, 2014		474,258,441			—		—	$	—
	Exercisable at September 30, 2014		474,258,441		$	—

BASIS_OF_PRESENTATION_AND_SUMM3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator	'	'	'	'
Net income (loss) available to common shareholders	$292,427	($1,733,819)	($1,428,062)	($4,928,415)
Effect of common stock equivalents	'	'	'	'
Add: interest expense on convertible debt	25,206	17,895	25,206	17,895
Less: tax effect of decrease interest expense	-8,822	-6,263	-8,822	-6,263
Net income (loss) adjusted for common stock equivalents	308,811	-1,722,187	-1,411,678	-4,916,783
Denominator	'	'	'	'
Weighted average shares basic (in share)	172,874,221	95,678,070	164,810,840	86,860,839
Dilutive effect of common stock equivalents	'	'	'	'
Warrants	225,471,424	17,967,914	165,795,901	17,967,914
Convertible debt	$44,800,000	$17,967,914	$20,348,718	$17,967,914
Denominator	'	'	'	'
Weighted average shares - dilutive (in share)	435,082,264	95,678,070	164,810,840	86,860,839
Net income (loss) per share - basic (in dollars per share)	$0	($0.02)	($0.01)	($0.05)
Net income(loss) per share - diluted (in dollars per share)	$0	($0.02)	($0.01)	($0.05)

BASIS_OF_PRESENTATION_AND_SUMM4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Derivative liability - convertible debt	'	$284
Derivative liability - warrants	2,773,516	1,161,000
Long-term portion	2,773,516	1,161,284
Fair Value, Measurements, Recurring [Member]	'	'
Derivative liability - convertible debt	'	284
Derivative liability - warrants	2,773,516	1,161,000
Total	2,773,516	1,161,284
Long-term portion	2,773,516	1,161,284
Fair Value, Measurements, Recurring [Member] | SignificantUnobservableInputs(Level 3) [Member]	'	'
Derivative liability - convertible debt	'	284
Derivative liability - warrants	2,773,516	1,161,000
Total	2,773,516	1,161,284
Long-term portion	$2,773,516	$1,161,284

BASIS_OF_PRESENTATION_AND_SUMM5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	9 Months Ended
	Sep. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'
Beginning balance	$1,161,284
Unrealized gain	-1,161,284
Additions	2,773,516
Ending balance	1,161,284
Unrealized gain included in earnings related to derivatives still held	$1,161,284

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details Narrative) (Legend Canada [Member])	0 Months Ended			1 Months Ended
	Apr. 25, 2014	Apr. 25, 2014	Apr. 25, 2014	Aug. 31, 2014
	Notice of Intention to Enforce Security (National Bank of Canada) [Member]	Notice of Intention to Enforce Security (National Bank of Canada) [Member]	Notice of Intention to Enforce Security (National Bank of Canada) [Member]	Mutual Release and Discharge (National Bank of Canada) [Member]
	USD ($)	Debt Revolving [Member]	Fixed and Floating Charge Demand Debenture [Member]	CAD [Member]
		CAD [Member]	CAD [Member]	CAD
		CAD	CAD
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'
Description of notice of default	'	'	'	'
	Under the Company Notice, the Bank states that it intends to enforce its rights against the Company under the Letter of Guarantee, dated May 11, 2012; the General Security Agreement dated May 11, 2012; the Securities Pledge Agreement; the Subordination Agreement dated July 10, 2013; and the Set-off and Security Agreement dated July 10, 2013.  The bank claims the Company is in default under the Legend Canada Security and the Company Security agreements. The Bank has demanded payment in full of all amounts owing under the Legend Canada Security Agreements and the Company Security Agreements.
Default amount	'	6,000,000	25,000,000	'
Total claim amount to bank	1,656,857	'	'	'
Amount paid for release of guaranty	'	'	'	250,000

DISCONTINUED_OPERATIONS_Detail1

DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended		9 Months Ended			3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014
						Legend Canada [Member]	Legend Canada [Member]	Legend Canada [Member]	Legend Canada [Member]
Assets:	'	'	'	'	'	'	'	'	'
Receivables	'	'	'	'	'	'	$274,353	'	$274,353
Prepaid expenses	'	'	'	'	'	'	56,314	'	56,314
Oil and gas property - subject to amortization	'	'	'	'	'	'	1,013,906	'	1,013,905
Oil and gas property - not subject to amortization	'	'	'	'	'	'	193,344	'	1,224,311
Total assets	'	'	'	'	2,568,883	'	1,537,917	'	2,568,883
Liabilities:	'	'	'	'	'	'	'	'	'
Accounts payable	'	'	'	'	'	'	-1,367,580	'	-1,412,108
Short-term debt	'	'	'	'	'	'	-2,018,951	'	-2,018,951
Asset retirement obligation	'	'	'	'	'	'	-1,336,354	'	-1,336,354
Total liabilities	'	'	'	'	4,767,413	'	-4,722,885	'	-4,767,413
Equity:	'	'	'	'	'	'	'	'	'
Accumulated other comprehensive income	'	'	-127,774	'	'	'	-127,774	'	-17,188
Income from discontinued operations	$3,312,742	($325,808)	$3,312,742	($977,426)	'	($325,808)	($3,312,742)	($977,426)	($2,215,718)

DISCONTINUED_OPERATIONS_Detail2

DISCONTINUED OPERATIONS (Details 1) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014
					Legend Canada [Member]	Legend Canada [Member]	Legend Canada [Member]	Legend Canada [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'	'	'	'
Oil and gas revenue	'	'	'	'	$398,150	'	$1,194,450	'
Operating Expenses:	'	'	'	'	'	'	'	'
Production	'	'	'	'	312,519	'	937,558	'
General and administrative	'	'	'	'	301,187	'	903,562	'
Depletion	'	'	'	'	67,407	'	202,221	'
Total operating expenses	'	'	'	'	681,113	'	2,043,341	'
Operating loss	'	'	'	'	-282,963	'	-848,891	'
Other Expense:	'	'	'	'	'	'	'	'
Interest expense	'	'	'	'	-42,845	'	-128,535	'
Income (loss) from discontinued operations	$3,312,742	($325,808)	$3,312,742	($977,426)	($325,808)	($3,312,742)	($977,426)	($2,215,718)

OIL_AND_GAS_PROPERTIES_Details

OIL AND GAS PROPERTIES (Details Narrative)	9 Months Ended			0 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Jan. 28, 2014	Jan. 28, 2014	Sep. 30, 2014	Sep. 30, 2014
	USD ($)	USD ($)	USD ($)	British Columbia, Canada - Inga [Member]	British Columbia, Canada - Inga [Member]	Piqua, McCune, Landers, and Volunteer wells [Member]	NWTR - Lander and Volunteer leases [Member]
				USD ($)	CAD [Member]	USD ($)	USD ($)
					CAD
Proceeds from sale of oil and gas property and equipment	$450,318	'	'	$450,318	435,000	'	'
Development costs	'	'	'	'	'	206,843	'
Capital costs	2,395,642	'	1,479,423	'	'	'	936,732
Principal balance	'	'	'	'	'	'	1,040,000
Debt discount on conversion feature	'	'	'	'	'	'	$103,268

OIL_AND_GAS_PROPERTIES_Details1

OIL AND GAS PROPERTIES (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Oil and Gas Property [Abstract]	'	'
Proven property, net of impairment	$2,898,632	$1,718,900
Accumulated depletion, depreciation, and amortization	-502,990	-239,477
Net proved oil and gas properties	2,395,642	1,479,423
Unproven property	'	'
Total oil and gas properties	$2,395,642	$1,479,423

NOTE_PAYABLE_Details_Narrative

NOTE PAYABLE (Details Narrative) (NWTR - Lander and Volunteer leases [Member], USD $)	9 Months Ended
	Sep. 30, 2014	Apr. 01, 2014
NWTR - Lander and Volunteer leases [Member]	'	'
Notes payabe	$65,000	$75,000
Description of debt maturity	'	'
	The Company was obligated to repay the $75,000 within 60 days of such termination, or on February 28, 2015, whichever came first.  There was no interest due and payable on this note.
Repayments of bank debt	$10,000	'

CONVERTIBLE_DEBT_Details_Narra

CONVERTIBLE DEBT (Details Narrative) (USD $)

9 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Nov. 22, 2013

29-May-14

Jul. 10, 2013

Sep. 30, 2014

Sep. 04, 2014

1-May-14

Dec. 31, 2013

Nov. 22, 2013

29-May-14

29-May-14

Sep. 29, 2014

Sep. 04, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 29, 2014

Sep. 29, 2014

Sep. 29, 2014

Hillair Convertible Note November [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Notes Payable [Member]

Hillair Convertible Debt [Member]

Hillair Convertible Debt [Member]

Hillair Convertible Debt [Member]

JMJ Convertible Notes Payable [Member]

First JMJ Convertible Notes Payable [Member]

Second JMJ Convertible Notes Payable [Member]

Third JMJ Convertible Notes Payable [Member]

First Allotment Hillair Convertible Debt [Member]

Second Allotment Hillair Convertible Debt [Member]

Third Allotment Hillair Convertible Debt [Member]

N

N

Debt Instrument Tranche Three [Member]

Debt Instrument Tranche Two [Member]

N

Debt instrument, issuance date

'

'

'

22-Nov-13

'

10-Jul-13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from convertible debt

'

'

'

$550,000

'

$900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, interest rate

'

'

'

'

8.00%

8.00%

'

'

'

'

8.00%

'

'

8.00%

'

8.00%

'

12.00%

12.00%

12.00%

'

'

'

Debt instrument, face amount

'

'

'

'

2,168,283

1,008,000

'

500,000

'

'

616,000

325,000

325,000

1,556,800

1,232,000

'

'

27,500

27,500

27,500

389,200

389,200

778,400

Debt instrument, convertible, conversion price (in dollars per share)

'

'

'

'

$0.01

$0.06

'

'

'

'

$0.06

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, maturity date

'

'

'

1-Dec-14

1-Apr-15

1-Dec-14

'

'

'

'

'

'

'

'

'

'

'

27-Jun-14

25-Sep-14

9-Dec-14

1-Oct-15

1-Jan-16

1-Apr-16

Debt instrument, collateral

'

'

'

'Secured by the McCune property in Crawford County Kansas

'

'Secured by the property in Woodson County Kansas

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, outstanding amount converted

'

974,810

'

'

'

'

'

'

'

'

'

'

'

'

'

'

63,000

'

'

'

'

'

'

Debt instrument, convertible, number of equity instruments (in shares)

'

'

'

10,980,392

'

17,967,914

'

'

'

'

'

'

'

'

'

'

9,884,170

'

'

'

'

'

'

Class of warrant , exercise price of warrants (in dollars per share)

'

'

'

'

$0.01

$0.07

'

'

'

'

$0.07

'

'

'

'

'

'

'

'

'

'

'

'

Class of warrant, granted (in shares)

'

'

'

10,098,361

117,600,000

19,764,706

'

'

'

'

'

'

'

155,680,000

'

'

'

'

'

'

'

'

'

Debt instrument, debt default, amount

'

'

'

'

'

'

'

'

2,111,200

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Convertible debt

'

'

'

'

'

'

6,000,000

'

'

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued interest payable

64,225

'

'

'

'

'

64,225

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Description of conversion terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The conversion price of the notes is the lesser of $0.05 or 60% of the lowest trading price of the CompanyBs common stock for 25 days prior to the conversion.

'

'

'

'

'

'

Additional debt outstanding amount converted (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,000

'

'

'

'

'

'

Additional number of equity instruments debt outstanding amount converted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,000,000

'

'

'

'

'

'

Repayment of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,500

'

'

'

'

'

'

Debt discount on conversion feature

'

'

'

'

'

'

'

'

'

'

'

'

'

296,800

'

524,000

'

'

'

'

'

'

'

Description of debt instrument agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

The Company entered into a Debenture Purchase Agreement with Hillair whereby Legend assumed an 8% original issue discount senior, secured convertible debenture in the original principal amount of $1,232,000, as originally executed on November 6, 2013 by NWTR. In accordance with the debenture, NWTR executed Financing Statements and Mortgages to Hillair covering certain NWTR oil and gas properties (the “Secured Properties”), which also included the right, title and interest in certain oil and gas leases known as the Lander Lease and Volunteer Unit (consisting of those certain Stewart Lease and the Van Camp Lease) (the “Assumed Leases”).

Debt issuance costs

'

'

'

'

'

'

'

'

'

'

'

'

'

90,000

'

'

'

'

'

'

'

'

'

Net proceeds from issuance

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,300,000

'

'

'

'

'

'

'

'

'

EMBEDDED_DERIVATIVE_LIABILITIE2

EMBEDDED DERIVATIVE LIABILITIES (Details Narrative) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014
			Hillair Warrants [Member]
Numbers of warrants issued (in shares)	'	'	474,258,441
Exercise price	'	'	$0.01
Description of warrants expiration	'	'	'The warrants expire on July 1, 2018, May 29, 2014, and September 29, 2019.
Fair value of derivatives	$2,773,516	$1,161,284	$2,773,516

EMBEDDED_DERIVATIVE_LIABILITIE3

EMBEDDED DERIVATIVE LIABILITIES (Details) (Hillair Convertible Notes Payable [Member], USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Hillair Convertible Notes Payable [Member]	'		'
Exercise price	$0.01		$0.04
Risk free interest rate	0.13%	[1]	0.13%	[1]
Expected dividend yield	0.00%		0.00%
Expected volatility	218.80%	[2]	100.00%	[2]
Expected exercise term in years	'3 months		'11 months 4 days
[1]	The risk-free interest rate was determined by management using the 5 year Treasury Bill rate as of the issuance date.
[2]	The volatility was determined by referring to the average historical volatility of the Company's common stock.

EMBEDDED_DERIVATIVE_LIABILITIE4

EMBEDDED DERIVATIVE LIABILITIES (Details 1) (Hillair Warrants [Member], USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Hillair Warrants [Member]	'		'
Exercise price	$0.01		$0.04
Risk free interest rate	0.78%	[1]	0.13%	[1]
Expected dividend yield	0.00%		0.00%
Expected volatility	218.80%	[2]	100.00%	[2]
Expected exercise term in years	'4 years 8 months 12 days		'11 months 4 days
[1]	The risk-free interest rate was determined by management using the 5 year Treasury Bill rate as of the issuance date.
[2]	The volatility was determined by referring to the average historical volatility of the Company's common stock.

EMBEDDED_DERIVATIVE_LIABILITIE5

EMBEDDED DERIVATIVE LIABILITIES (Details 2) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]	'	'
Begining balance	$1,161,284	'
Additional Issuances	2,773,516	'
Reclass to Additional Paid-in Capital	'	'
Change in Fair Value of Derivative Liability	-1,161,284	'
Ending balance	2,773,516	'
Current portion	'	'
Long-term portion	2,773,516	1,161,284
Derivative liability - convertible debt [Member]	'	'
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]	'	'
Begining balance	284	'
Additional Issuances	'	'
Reclass to Additional Paid-in Capital	'	'
Change in Fair Value of Derivative Liability	-284	'
Ending balance	'	'
Derivative liability - Warrants [Member]	'	'
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]	'	'
Begining balance	1,161,000	'
Additional Issuances	2,773,516	'
Reclass to Additional Paid-in Capital	'	'
Change in Fair Value of Derivative Liability	-1,161,000	'
Ending balance	$2,773,516	'

ASSET_RETIREMENT_OBLIGATION_De

ASSET RETIREMENT OBLIGATION (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation	'
Asset retirement obligations beginning balance	$196,767
Additions	36,157
Current period accretion	31,723
Asset retirement obligations ending balance	$264,647

STOCKHOLDERS_DEFICIT_Details_N

STOCKHOLDERS' DEFICIT (Details Narrative) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Jul. 25, 2014	15-May-14
				Stock Incentive Plan 2014 [Member]
Stock-based compensation	$13,963	$835,665	'	'
Number of authorized shares (in shares)	'	'	'	40,000,000
Preferred stock authorized, shares	'	'	100,000,000	'
Increase in number of authorized shares	500,000,000	'	'	'
Total number of authorized shares	'	'	1,100,000,000	'

STOCKHOLDERS_DEFICIT_Details

STOCKHOLDERS' DEFICIT (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Jan. 02, 2014
Number of Shares	'	'
Balance, beginning	600,000	'
Balance, Ending	600,000	'
Weighted-Average Exercise Price	'	'
Balance, beginning	$0.07	$0.07
Balance, Ending	$0.07	$0.07
Balance, beginning	'1 year 9 months	'

STOCKHOLDERS_DEFICIT_Details_1

STOCKHOLDERS' DEFICIT (Details 1) (Hillair Warrants [Member], USD $)	9 Months Ended
	Sep. 30, 2014
Hillair Warrants [Member]	'
Number of Shares	'
Balance, beginning	32,713,067
Granted	444,395,374
Forfeited	-2,850,000
Balance, Ending	474,258,441
Exercisable	474,258,441
Exercise price, forfeited warrants	$1.75
Exercise price, outstanding warrants	$0.01
Exercise price, granted warrants	$0.01
Weighted average contracutal term of warrants granted	'4 years 4 months 20 days
Weighted average contracutal term of warrants outstanding	'4 years 4 months 20 days

SUBSEQUENT_EVENTS_Details_Narr

SUBSEQUENT EVENTS (Details Narrative) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	0 Months Ended	3 Months Ended	0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Nov. 13, 2014	Sep. 30, 2014	Nov. 13, 2014	Nov. 13, 2014
						Subsequent event [Member]	Subsequent event [Member]	Subsequent event [Member]	Subsequent event [Member]
								Perpetual preferred stock [Member]	Hillair Warrants [Member]
									Perpetual preferred stock [Member]
									N
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Debt outstanding	'	'	'	'	'	$6,000,000	'	'	'
Debt instrument, interest rate (in percent)	'	'	'	'	'	8.50%	6.00%	'	'
Debt instrument, maturity date	'	'	'	'	'	1-Mar-16	30-Apr-16	'	'
Number of shares convertible (in shares)	'	'	'	'	'	'	'	'	600,000,000
Number of shares issued for conversion	'	'	'	'	'	'	'	600	'
Share price (in dollars per share)	'	'	'	'	'	'	'	$1,000	'
Shares issued for conversion, value	'	'	'	'	62,533	'	'	600,000	'
Dividend rate (in percent)	'	'	'	'	'	'	'	0.00%	'
Description of convertible stock	'	'	'	'	'	'	'	'	'
								The shares of preferred stock are convertible into 600 million shares of the Company¹s common stock at $0.001 per share.
Common stock issued for services, shares	'	'	'	'	'	'	2,250,000	'	'
Common stock issued for services	'	'	835,665	'	490,000	'	6,800	'	'
Stock issued for debt repayment, shares	'	'	'	'	'	'	10,847,249	'	'
Stock issued for debt repayment	'	'	'	'	31,360	'	22,000	'	'
Cash payment for note repayment	'	'	'	'	'	'	12,500	'	'
Loss on conversion of debt	-62,741	'	-62,741	'	'	'	-24,180	'	'
Purchase price of drilling rig	'	'	'	'	'	'	465,000	'	'
Equipment note of acquisition of drilling rig	'	'	'	'	'	'	315,000	'	'
Payment for acquisition of drilling rig	'	'	'	'	'	'	150,000	'	'
Monthly note payment	'	'	'	'	'	'	$18,343	'	'