HOUSTON, April 13, 2017 /PRNewswire/ -- Camber
Energy, Inc. (NYSE MKT: CEI) ("Camber" or the
"Company"), an independent oil and gas company with operations
in Oklahoma and Texas, announced today that J. Fred Hofheinz has resigned, effectively
immediately on April 10, 2017, as a
member of the Board of Directors to devote his full time and
efforts toward his other business interests and to spend more time
with his family
The Company has no immediate plans to fill the vacant board
seat.
"The Board is immensely thankful for Fred's leadership over the
past nine years as his experience, vision and focus have been
instrumental in positioning Camber with a foundation of quality oil
and gas assets and in effectuating a smooth transition following
the acquisition of the Segundo properties", said Richard Azar, the Chairman of the Board of
Camber Energy. "We understand and support his decision to
step down for personal reasons and wish him all the best going
forward."
Mr. Hofheinz added, "It has been an enormous privilege to have
served as a member of the Camber board, particularly during a
period of important change and growth. I am now being pulled
in other directions, and as I look ahead to the next chapter in my
life, I remain confident that the team will successfully execute on
Camber's growth and operational strategy."
About Camber Energy, Inc.
Based in Houston, Texas, Camber
Energy (NYSE MKT: CEI) is a growth-oriented, independent oil and
gas company engaged in the development of crude oil and natural gas
in the Austin Chalk and Eagle Ford formations in south Texas, the Permian Basin in west Texas, and the Hunton formation in central
Oklahoma. The Company changed its name from Lucas Energy,
Inc. to Camber Energy, Inc. effective January 5, 2017.
Contacts:
Carol Coale / Ken Dennard
Dennard ▪ Lascar Associates LLC
(713) 529-6600
ccoale@dennardlascar.com
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SOURCE Camber Energy, Inc.