EnerJex Resources, Inc. (NYSE MKT: ENRJ) Energy Prospectus Group July 10, 2014
CORPORATE OVERVIEW Company Overview Key Executives Recent Preferred Stock Offering Credit Facility Overview Reserve and Production Profile Valuation Comparables
Company Overview EnerJex Resources, Inc. is an exploration and production company focused on manufacturing oil and natural gas through the development of its existing properties, where the company has identified more than 500 low-risk…
Key Executives Robert Watson Jr. (Chief Executive Officer) Co-founder and former CEO of Black Sable Energy, a private oil exploration and production company focused on South Texas that was subsequently sold to EnerJex Former President…
Recent Preferred Stock Offering Completion Date: June 20, 2014 Shares Sold: 639,157 Gross Proceeds: 15.2 Million Pro Forma Shares Outstanding: 751,815 (Includes conversion of all pre-existing shares of preferred stock) Pro Forma Amount…
Credit Facility Overview EnerJex has secured a 100 million senior secured credit facility with Texas Capital Bank 38 million borrowing base with 19.3 million of availability(1) Availability increases as production and proved reserves…
Reserve and Production Profile December 31, 2013 SEC Reserve Report Reserve Type Total Boe PV-10 Value (MMBoe) (MM) PDP 2.8 58.7 PDNP 1.0 11.5 PUD 2.0 32.2 Total Proved 5.8 102.4 Probable 3.2 21.4 Possible 8.2 60.4 Total 3P 17.2 184.2…
Valuation Comparables Enterprise Enterprise Oil % of Value / Value / Proved Company Proved Boe Proved PV10 Reserves Comparable Average(1) 39.46 2.44x 57% Comparable Median(1) 27.36 2.12x 58% EnerJex Resources (ENJR) 15.33 0.87x…
OVERVIEW OF COLORADO ASSETS Location Map Adena Project Niobrara Project
Colorado Project Locations Niobrara Project Area Adena Field Project Area 11
Adena Field Background Third Largest Oil Field in Colorado History Cumulative production of 75 MMBO and 125 BCF EnerJex acreage EnerJexs acreage covers the J-Sand Unit which accounts outlined in blue for the bulk of Adena Fields…
Adena Field Reactivation Opportunity Historical production has been strongly correlated to producing well count during the past 40 years 7 production wells reactivated since acquisition by EnerJex in September 2013 More than 75…
Niobrara Project Overview More than 55,000 acres leased primarily in Phillips and Sedgwick Counties, Colorado and Perkins County, Nebraska Acreage has been high-graded from original position of more than 330,000 acres based on…
Niobrara Profile High-porosity / low-permeability chalk formation is 40 feet thick with widespread structural biogenic gas deposits and extensive faulting Application of 3D seismic and modern fracture stimulation has led to extensive…
OVERVIEW OF KANSAS ASSETS Kansas Mississippian Project Kansas Cherokee Project
Kansas Mississippian Project Woodson County Oil & Gas Fields EnerJexs Mississippian Project is located in the prolific Winterschied Field Produced approximately 15 million barrels of crude oil according to the Kansas Geological…
Mississippian Project Characteristics Rural area with long production history More than one billion barrels of oil have been produced from the Mississippian formation in Kansas Shallow formation depth of 1,700 feet 10 acre producer…
Kansas Cherokee Project Franklin County Oil & Gas Fields Miami County Oil & Gas Fields EnerJexs Cherokee Project is located in the prolific Paola-Rantoul Field Field has produced nearly 30 million barrels of crude oil according to the…
Cherokee Project Characteristics Rural area with long production history Many discoveries were abandoned prior to development after oil prices collapsed during the mid-1980s Shallow formation depth of 600-650 feet Less than 5 acre…
APPENDIX Overview of Other Assets
Other Assets El Toro Project EnerJexs El Toro Project is located in Atascosa County, Texas, surrounded by fields that have produced more than 100 million barrels of oil from the Olmos formation EnerJex believes its acreage was…
Corporate Website: NYSE MKT: ENRJ www.enerjex.com Corporate Headquarters: Chief Executive Officer: 4040 Broadway Street, Suite 508 Robert Watson, Jr. (210) 4515545 San Antonio, TX 78209
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