|2018-05-14 08:02 ET - News Release|
SAN ANTONIO, TX / ACCESSWIRE / May 14, 2018 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in San Antonio, Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, announces its workover results for the last thirty days.
The Company has operations ongoing in two of its recent acquisition areas. Since closing our acquisition in Okfuskee County, Oklahoma, which at closing had only one well on production with minimal output, we have reworked and put on to production a total of six wells. Within the next thirty days, we expect to complete the workovers on the remaining three wells. From the initial results, this appears to be a great acquisition.
Additionally, the Company has completed its final obligation on its Panhandle acquisition in Hutchinson County, Texas. Since the initial closing, we have worked over five wells. With another thirty-eight wells to workover, funding permitting, we believe this acquisition has the capability for significant future growth.
These activities are all consistent with Camber's previously announced growth plans.
About Camber Energy, Inc.
Based in Texas, Camber Energy (NYSE American: CEI) is a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids in the Hunton formation in Central Oklahoma in addition to anticipated project development in the Texas Panhandle. For more information, please visit the Company's website at www.camber.energy.