In 2011, Black Legend Capital acted as a consulting advisor and investor in the capital structure and business development efforts of a new oil company expanding operations, by opening different fields, implementing a work-over/drilling program and increasing oil production by more than 800%. Black Legend Capital acted as interim CFO and COO of the company. Navitas Land and Mineral was based in the Illinois Basin, which is an interior Cratonic basin covering central and southern Illinois, southwestern Indiana, and western Kentucky. The company, at the time, had leases in the basin and was in the process of selecting leases with an additional potential of 3.7 million barrels of producible reserves.
The company applied low-cost operating practices and employed a variety of innovative methods to enhance production and maximize reservoir drainage.