“The Buzz” Show: Camber Energy (NYSE: CEI) to Acquire Oil, Gas Properties in USD 69 Million Deal | Financial Buzz

“The Buzz” Show: Camber Energy (NYSE: CEI) to Acquire Oil, Gas Properties in USD 69 Million Deal

FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Camber Energy to Acquire Oil, Gas Properties in $69 Million Deal”

Camber Energy, Inc. (NYSE: CEI) (“Camber” or the “Company”) announced today that it entered into an agreement (the “PSA”) to acquire all of the issued and outstanding membership interests (the “Purchased Interests”) of certain privately-ownedcompanies (collectively, the “Acquired Companies”) which in turn own interests in certain oil and gas properties and related equipment and other tangible personal property, including working interests in approximately one hundred sixty nine (169) proved producing oil wells (producing approx. two thousand (2,000) barrels of oil per day (net)), one hundred seventy four (174) proved non-producing wells and twelve (12) proved undeveloped well locations.

Camber Energy, Inc. is a growth-oriented diversified energy company. Through its majority-owned subsidiary, Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. The company’s majority-owned subsidiary also holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) an entity with intellectual property rights to a fully developed, patent pending, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (ii) entities with the intellectual property rights to fully developed, patent pending, ready-for-market proprietary Electric Transmission and Distribution Open Conductor Detection Systems.

For more information, please visit: Camber Energy, Inc.

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