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Press Release - EnerJex Resources, Inc. (EJXR-OTC: BB) |
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“As of a couple years ago, the state of Kansas was the fifth largest oil producer in the country, yet there are 23,000 independent producers of which 5,000 account for 30% of the production. It is a very fragmented business and in the instance of this part of the country, you had folks who have 500 to 10,000 acres, and have only drilled a few wells. Therefore, it is primarily the local landowners who have made money over the years... - Steve Cochennet (EJXR) (Interview published October 26, 2007) |
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ENERJEX RESOURCES ANNOUNCES NEW BOARD MEMBER Geophysical expert to join Board of Directors of oil and gas development company
Dr. Rector is the author of
over 100 technical papers along with a number of patents on seismic
technology. He was a co-founder of two seismic technology startups
that were later sold to NYSE-listed companies, and he regularly
consults for many of the major oil companies including Chevron and
BP. In 1998, he founded Berkeley GeoImaging LLC, which has completed
five equity private placements for oil and gas exploration and
development projects. Dr. Rector is a tenured professor of
Geophysics at the Steve Cochennet, EnerJex Resources CEO, stated, “We are extremely pleased to have Dr. Rector join our Board. I have known Jamie for several years. His extensive expertise, both technically and in the field will be a great addition to our Board of Directors, especially in today’s environment. We look forward to his contribution to our Company as we continue to execute our strategy.” About EnerJex Resources, Inc.:
EnerJex is an oil and natural gas
acquisition, exploration and development company. Operations,
conducted through EnerJex Kansas, Inc. (formerly Midwest Energy
Inc.) and DD Energy, Inc., its wholly-owned operating subsidiaries,
are primarily focused in the Eastern Kansas and mid continent region
of the 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 reserves as well as to explore for additional reserves. More information on EnerJex and its operations can be found on its website: www.EnerJexResources.com. Readers are urged to review EnerJex’s third quarter Form 10-QSB, available on the SEC's website (www.sec.gov), for a discussion of EnerJex’s results of operations and review the third quarter 2007 financial statements. ###
For further
information contact: 913-693-4600 or djones@enerjexresources.com Or
Debbie Hagen, Investor Relations Or Tony Schor or Lindsay Kenoe Investor Awareness, Inc. 847-945-2222
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