Form D Raw Data - Electronic Filing Depository

EFDID: 93928EFD: Raw Data

Issuer: Ledger Petroleum LLC (0001459850) - D

Accession: 0001459850-14-000001 () (EDGAR Files) (Form D)

Edgar Posted: Apr. 21, 2014
EFD Posted: Aug. 8, 2014

- < edgarSubmission >

< schemaVersion > X0707 </ schemaVersion >

< submissionType > D </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001459850 </ cik >

< entityName > Ledger Petroleum LLC </ entityName >

- < issuerAddress >

< street1 > 558 AMBLER AVENUE </ street1 >

< city > ABILENE </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 79601 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 325-695-1329 </ issuerPhoneNumber >

< jurisdictionOfInc > TEXAS </ jurisdictionOfInc >

- < issuerPreviousNameList >

< previousName > Petroleum Growth Fund, Ltd. </ previousName >

< previousName > Legacy Income Fund I, Ltd. </ previousName >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< previousName > Oil States Trading, LLC </ previousName >

</ edgarPreviousNameList >

< entityType > Limited Liability Company </ entityType >

- < yearOfInc >

< overFiveYears > true </ overFiveYears >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Paul </ firstName >

< middleName > A </ middleName >

< lastName > Thomas </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 558 Ambler Avenue </ street1 >

< city > Abilene </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 79601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Paul A. Thomas and W. Allan Meador are the managers of Ledger Petroleum, LLC (formerly Oil States Trading, LLC) and are responsible for the raising of capital for this effort. </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > W. </ firstName >

< middleName > Allan </ middleName >

< lastName > Meador </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 558 Ambler Avenue </ street1 >

< city > Abilene </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 79601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Oil and Gas </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > $1,000,001 - $5,000,000 </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > false </ isAmendment >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2004-10-01 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > true </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 25000 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Bart Harrison </ recipientName >

< recipientCRDNumber > 1616987 </ recipientCRDNumber >

< associatedBDName > Emerson Equity </ associatedBDName >

< associatedBDCRDNumber > 130032 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 6200 Oxford Circle </ street1 >

< city > Pinson </ city >

< stateOrCountry > AL </ stateOrCountry >

< stateOrCountryDescription > ALABAMA </ stateOrCountryDescription >

< zipCode > 35126 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Dominic Baldini </ recipientName >

< recipientCRDNumber > 3082081 </ recipientCRDNumber >

< associatedBDName > Emerson Equity </ associatedBDName >

< associatedBDCRDNumber > 120032 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 155 Bovet Road, Suite 725 </ street1 >

< city > San Mateo </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94402 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Trevor Gordon </ recipientName >

< recipientCRDNumber > 2195122 </ recipientCRDNumber >

< associatedBDName > Sandlapper Securities </ associatedBDName >

< associatedBDCRDNumber > 137906 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 101 N. Main Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Glenn Martini </ recipientName >

< recipientCRDNumber > 5094747 </ recipientCRDNumber >

< associatedBDName > VFG Securities, Inc. </ associatedBDName >

< associatedBDCRDNumber > 15121 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1820 Preston Park Blvd </ street1 >

< city > Plano </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75093 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Larry Law </ recipientName >

< recipientCRDNumber > 1273118 </ recipientCRDNumber >

< associatedBDName > JRL Capital Corporation </ associatedBDName >

< associatedBDCRDNumber > 10225 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 20371 Irvine Avenue Suite A-140 </ street1 >

< city > Newport Beach </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92660 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Debra Snetting </ recipientName >

< recipientCRDNumber > 4228688 </ recipientCRDNumber >

< associatedBDName > Richfield Orion International, Inc. </ associatedBDName >

< associatedBDCRDNumber > 24433 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1 Oakwood Park Plaza </ street1 >

< city > Castle Rock </ city >

< stateOrCountry > CO </ stateOrCountry >

< stateOrCountryDescription > COLORADO </ stateOrCountryDescription >

< zipCode > 80104 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Thomas Hille </ recipientName >

< recipientCRDNumber > 3070017 </ recipientCRDNumber >

< associatedBDName > JRL Capital Corp </ associatedBDName >

< associatedBDCRDNumber > 10225 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9861 Irvine Center Dr </ street1 >

< city > Irvine </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92618 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jason Venclef </ recipientName >

< recipientCRDNumber > 6096589 </ recipientCRDNumber >

< associatedBDName > VFG Securities </ associatedBDName >

< associatedBDCRDNumber > 15121 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 100 corporate pointe, Suite 382 </ street1 >

< city > Culver City </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 90230-7612 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Kevin Grunawalt </ recipientName >

< recipientCRDNumber > 1705352 </ recipientCRDNumber >

< associatedBDName > Ameritas Investment Corp </ associatedBDName >

< associatedBDCRDNumber > 14869 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5900 O Street </ street1 >

< city > Lincoln </ city >

< stateOrCountry > NE </ stateOrCountry >

< stateOrCountryDescription > NEBRASKA </ stateOrCountryDescription >

< zipCode > 68510 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Don Alan Wittler </ recipientName >

< recipientCRDNumber > 3202389 </ recipientCRDNumber >

< associatedBDName > Ameritas Investment Corp </ associatedBDName >

< associatedBDCRDNumber > 68510 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5900 O Street </ street1 >

< city > Lincoln </ city >

< stateOrCountry > NE </ stateOrCountry >

< stateOrCountryDescription > NEBRASKA </ stateOrCountryDescription >

< zipCode > 68510 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NE </ state >

< description > NEBRASKA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 25000000 </ totalOfferingAmount >

< totalAmountSold > 7500000 </ totalAmountSold >

< totalRemaining > 17500000 </ totalRemaining >

< clarificationOfResponse > In 2005, Legacy Income Fund I, Ltd. (formerly Petroleum Growth Fund, Ltd) was launched with $1,000,000 in capital. In 2013, the total amount is being raised is $25M, we have $6M raised in the fund as of 3-1-2013. Fundraising scheduled to end 12/13. </ clarificationOfResponse >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 46 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 2152500 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse > Selling costs for this raise are 10.25% of total capital raised (estimated), including: retail commissions (7%), Due Diligence (1%),Wholesaler (2%), compliance (.25%). Additionally, 4.25% of raise is being repaid to sponsor as organization costs. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 0 </ dollarAmount >

</ grossProceedsUsed >

< clarificationOfResponse > Executive officer do not receive commissions. Executive salaries are capped at $100,000 annually each for two officers. So, $200,000 from operations per year of operation will be paid to executive officers. None of raise is being paid to executives. </ clarificationOfResponse >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > Ledger Petroleum LLC </ issuerName >

< signatureName > Paul A. Thomas </ signatureName >

< nameOfSigner > Paul A. Thomas </ nameOfSigner >

< signatureTitle > Manager </ signatureTitle >

< signatureDate > 2014-04-21 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >