ENERJEX EXPERIENCES 98 PERCENT DRILLING SUCCESS RATE SINCE APRIL 2007

Continues its aggressive drilling and work-over program

OVERLAND PARK, KAN. (Jan. 15, 2008) – EnerJex Resources, Inc. (OTCBB: EJXR) (“EnerJex”) today reported key operating activities, completed by its wholly owned operating subsidiaries EnerJex Kansas (EJK) and DD Energy (DD), through the period ended December 31, 2007. Some of the most notable operational successes were:

 - Deployment of $8m in capital since April 2007;

 - Drilled 84 new wells with a 98% success rate;

 - Exceeded debenture BOPDE hurdle rate by 40%;

 - Avoided the issuance of 3m additional shares by meeting debenture hurdle;

 - Accumulated in excess of 400 drillable locations; and

 - Production averaged 268 BOPDE for December.

Steve Cochennet, EnerJex’s Chairman and CEO, noted, “We are very pleased with our progress at EnerJex. We continue to realize operational improvements to existing wells with our aggressive work-over program.  Consequently, our barrel of oil equivalent per day (BOPDE) has been increasing on a month-to-month basis.  Our operations and production has allowed us to not only meet but greatly exceed the debenture covenant that required EnerJex to produce 180 BOPDE on a monthly basis by January 15, 2008, which allowed us to avoid the issuance of 3 million shares to the debenture holders.  Production averaged 252 BOPDE from November 15, 2007 to December 15, 2007, which was the first possible measurement period to meet the initial debenture covenant requirement.”

Cochennet added, “In addition, EJK has also drilled ten wells at the Gas City project near Iola, Kansas under EnerJex’s agreement with Euramerica Energy, Inc. Three of these conventional wells have only been perforated and produced 2.3 million cubic feet in gross sales from December 21 through 31, 2007 without stimulation. The down hole pressure on these three wells is such that we will not stimulate these wells until the pressure has been materially reduced.  The remaining seven wells are in various stages of testing and completion.”

As a direct result of its drilling activity in the quarter ended December 31, 2007 and initiation of the water flood project at Black Oaks, EnerJex anticipates a significant increase in its December 31, 2007 reserves, which will be updated in its December 31 reserve report and released in February 2008 in conjunction with its third quarter ended December 31 financial statements and Form 10-QSB. 

Cochennet concluded, “On a financial front, the dramatic increase in production since April 2007 has put EnerJex in a position where we now have sufficient cash flow to not only meet our internal cash requirements but the flexibility to continue drilling with internally generated funds in order to offset the current projected decline curve of our existing wells. With the progress we made in 2007 and having accumulated in excess of 400 additional drillable locations on existing leases, we are very excited about our prospects for 2008.”

EnerJex recently changed the name of its operating subsidiary, Midwest Energy, to EnerJex Kansas.  DD was formed in August 2007 to acquire certain leases in Eastern Kansas.

About EnerJex Resources, Inc.

EnerJex is an oil and natural gas acquisition, exploration and development company. Operations, conducted solely through EnerJex Kansas and DD Energy, its wholly owned operating subsidiaries, are focused on the mid-continent region of the United States. EnerJex acquires oil and natural gas assets that have existing production and cash flows.

Once acquired, EnerJex implements an exploration and development program to accelerate the recovery of the existing oil and natural gas as well as to explore for additional reserves.

More information on EnerJex and its operations can be found on its website: www.EnerJexResources.com.

Forward-Looking Statement

The statements in this press release regarding the operational successes, including the BOPDE from EnerJex wells, number of current and anticipated wells, well success rate, current operations, future outlook, and any other effects resulting from any of the above forward-looking statements involve risks and uncertainties.  Such risks and uncertainties, include, but are not limited to: the continued production of oil at historical rates; costs of operations and development; delays, and any other difficulties related to producing oil; rig availability; price of oil; exploitation and exploration successes; marketing and sales of produced minerals; risks and effects of legal and administrative proceedings and governmental regulation; actions taken and to be taken by the government as a result of political and economic conditions; future financial and operational results; competition; general economic, market or business conditions; and the ability to manage and continue growth. Although EnerJex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements EnerJex makes in this news release include market conditions and those set forth in reports or documents EnerJex files from time to time with the Securities and Exchange Commission (SEC). EnerJex undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:
 Debbie Hagen, Hagen and Partners
(913) 642-3715
dhagen@hagenandpartners.com