KLR ENERGY ACQUISITION CORP. (NASDAQ:KLRE) Files An 8-K Other Events

Item8.01. Other Events.

On December22, 2016, in connection with the entry into that
certain Business Combination Agreement, dated as of December20,
2016, by and between KLR Energy Acquisition Corp. (KLR Energy)
and Tema Oil and Gas Company (Tema), KLR Group, LLC distributed a
letter via electronic mail, a copy of which is attached hereto as
Exhibit 99.1 and incorporated herein by reference, to certain
investors. Exhibit 99.1 is being furnished to Item8.01 and shall
not be deemed to be filed for purposes of Section18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise be subject to the liabilities of that section, nor
shall it be deemed to be incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange
Act.

Forward-Looking Statements

This communication includes certain statements that may
constitute forward-looking statements for purposes of the federal
securities laws. Forward-looking statements include, but are not
limited to, statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions. The words anticipate,
believe, continue, could, estimate, expect, intends, may, might,
plan, possible, potential, predict, project, should, would and
similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements may include, for
example, statements about: KLR Energy Acquisition Corp.s (KLR
Energy) ability to consummate the business combination and
related private placement; the benefits of the business
combination; the future financial performance of KLR Energy
following the business combination; changes in Tema Oil and Gas
Companys (Tema) reserves and future operating results; and
expansion plans and opportunities. These forward-looking
statements are based on information available as of the date of
this communication, and current expectations, forecasts and
assumptions, and involve a number of judgments, risks and
uncertainties. Accordingly, forward-looking statements should not
be relied upon as representing KLR Energys views as of any
subsequent date, and KLR Energy does not undertake any obligation
to update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result
of new information, future events or otherwise, except as may be
required under applicable securities laws. You should not place
undue reliance on these forward-looking statements. As a result
of a number of known and unknown risks and uncertainties, KLR
Energys actual results or performance may be materially different
from those expressed or implied by these forward-looking
statements. Some factors that could cause actual results to
differ include: (i)the occurrence of any event, change or other
circumstances that could delay the business combination or give
rise to the termination of the business combination agreement;
(ii)the outcome of any legal proceedings that may be instituted
against KLR Energy following announcement of the proposed
business combination and transactions contemplated thereby;
(iii)the inability to complete the business combination due to
the failure to obtain approval of the stockholders of KLR Energy,
or other conditions to closing in the contribution agreement;
(iv)the risk that the proposed business combination disrupts
current plans and operations of KLR Energy or Tema as a result of
the announcement and consummation of the transactions described
herein; (v)KLR Energys ability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition and the ability of KLR Energy to
grow and manage growth profitably following the business
combination; (vi)costs related to the business combination;
(vii)changes in applicable laws or regulations; (viii)the
possibility that KLR Energy or Tema may be adversely affected by
other economic, business, and/or competitive factors , including,
but not limited to, future trends in energy markets and commodity
prices; and (ix)other risks and uncertainties described herein,
as well as those risks and uncertainties discussed from time to
time in other reports and other public filings with the
Securities and Exchange Commission (the SEC) by KLR Energy.

Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
filings with the SEC, including our Registration Statement on
Form S-1, as amended, which was initially filed with the SEC on
January19, 2016, and in the proxy statement to be filed by KLR
Energy with the SEC when available. Our SEC filings are available
publicly on the SECs website at www.sec.gov. KLR Energy and Tema
disclaim any obligation to update the forward-looking statements,
whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws.

Disclaimer

This communication shall neither constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall
there be any sale of securities in any jurisdiction in which the
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any
such jurisdiction.

Additional Information about the Transaction and Where to
Find It

In connection with the proposed business combination, KLR Energy
will file a preliminary proxy statement with the SEC and will
mail a definitive proxy statement and other relevant documents to
its stockholders. Investors and security holders of KLR Energy
are advised to read, when available, the preliminary proxy
statement, and amendments thereto, and the definitive proxy
statement in connection with KLR Energys solicitation of proxies
for its stockholders meeting to be held to approve the business
combination and related transactions because the proxy statement
will contain important information about the transactions, the
parties thereto and risk factors that may affect investors. The
definitive proxy statement will be mailed to stockholders of KLR
Energy as of a record date to be established for voting on the
business combination. Stockholders will also be able to obtain
copies of the proxy statement, without charge, once available, at
the SECs website at www.sec.gov or by directing a request to: KLR
Energy Acquisition Corp., 811 Main Street, 18th Floor, Houston,
Texas 77002, Attn: Gary C. Hanna.

Participants in Solicitation

KLR Energy, Tema, and their respective directors, executive
officers and other members of their management and employees,
under SEC rules, may be deemed to be participants in the
solicitation of proxies of KLR Energy stockholders in connection
with the proposed business combination. Investors and security
holders may obtain more detailed information regarding the names,
affiliations and interests in KLR Energy of directors and
officers of KLR Energy in KLR Energys Registration Statement on
Form S-1, as amended, which was initially filed with the SEC on
January19, 2016. Information regarding the persons who may, under
SEC rules, be deemed participants in the solicitation of proxies
to KLR Energys stockholders in connection with the proposed
business combination will be set forth in the proxy statement for
the proposed business combination when available. Information
concerning the interests of KLR Energys and Temas participants in
the solicitation, which may, in some cases, be different than
those of KLR Energys and Temas stockholders generally, will be
set forth in the proxy statement relating to the business
combination when it becomes available.

Item9.01. Financial Statements and Exhibits.

(d) Exhibits.

About KLR ENERGY ACQUISITION CORP. (NASDAQ:KLRE)