Camber Energy, Inc. (NYSEMKT:CEI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 10, 2017, Fred Hofheinz, a director of Camber Energy,
Inc. (the Company) at that time, notified the Company that he
would resign from the Companys Board of Directors effective
immediately. Mr. Hofheinz indicated that he was resigning for
personal reasons. Mr. Hofheinzs decision to resign did not
involve any disagreement with the Company, the Companys
management or the Board of Directors.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
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99.1* |
Press release issued on April 13, 2017 |
*Filed herewith
About Camber Energy, Inc. (NYSEMKT:CEI)
Camber Energy, Inc., formerly Lucas Energy, Inc., is an independent oil and natural gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas. As of March 31, 2016, the Company had leasehold interests (working interests) in approximately 8,395 gross acres or 8,309 net acres. Its total net developed and undeveloped acreage as measured from the surface to the base of the Austin Chalk formation is approximately 8,310 net acres. In deeper formations, it had approximately 1,909 net acres in the Eagle Ford oil window. As of March 31, 2016, the Company had produced an average of approximately 61 net barrels of oil equivalent per day (Boepd) from 26 active well bores. Camber Energy, Inc. (NYSEMKT:CEI) Recent Trading Information
Camber Energy, Inc. (NYSEMKT:CEI) closed its last trading session down -0.050 at 0.360 with 493,968 shares trading hands.
