EnerJex Resources, Inc. (OTCMKTS:ENRJP) Files An 8-K Termination of a Material Definitive AgreementItem 1.02
Termination of a Material Definitive Agreement.
Effective December 4, 2017, Enerjex Resources, Inc. (the “Company” or “Enerjex”) and Camber Energy, Inc. (“Camber”), mutually agreed to terminate an agreement between the parties effective November 30, 2017, to which EnerJex was responsible for performing operational management, accounting and all administrative services for Camber for a fee of $150,000 per month.
About EnerJex Resources, Inc. (OTCMKTS:ENRJP)
EnerJex Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, development, exploitation and production of crude oil and natural gas properties in the United States. The crude oil and natural gas is obtained by the acquisition and subsequent exploration and development of mineral leases. Development and exploration include drilling exploratory or development wells on these leases. These operations are conducted primarily in Kansas, Colorado, Nebraska and Texas. The Company’s Colorado properties include Adena, Hereford, Seven Cross, Niobrara-Colorado and Niobrara-Nebraska. The Company’s Kansas properties include Mississippian Project and Cherokee Project. Its Texas properties include El Toro Project. The Company’s total net proved oil and gas reserves are approximately 2.6 million barrels of oil equivalents (BOE).