Exploration & Production | Quarterly / Earnings Reports
EnerJex Highlights Black Raven Acquisition, MissLime Ops in Q3
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EnerJex Resources, Inc. has filed its SEC Form 10-Q for the quarter ended September 30, 2013.
Highlights for the third quarter include the following: Completion of EnerJex's previously announced merger with Black Raven Energy, Inc. based on equity consideration of $0.70 per share of EnerJex's common stock. The merger transaction closed at the end September and the Company's income statement will reflect the combined results of both companies beginning in the fourth quarter. Expansion of EnerJex's senior credit facility from $50 million to $100 million and a borrowing base increase of nearly 100% to $38 million. Production of 25,933 barrels of oil, a 13% increase compared to the prior year excluding production from certain properties that were assigned to outside general partners upon…Finish this article — free account or subscription
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