Camber Energy (NYSEMKT:CEI) Files An 8-K Other EventsItem 8.01
Other Events.
On May 16, 2017, the Board of Directors (the “Board”) of Camber Energy, Inc. appointed Fred S. Zeidman to serve as Chairman of the Board, replacing Richard N. Azar II, who will remain as a director serving on the Board.
About Camber Energy (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 (NYSEMKT:CEI) Recent Trading Information
Camber Energy (NYSEMKT:CEI) closed its last trading session up +0.004 at 0.241 with 218,555 shares trading hands.