HOUSTON, June 30, 2017 /PRNewswire/ -- Camber
Energy, Inc. (NYSE MKT: CEI) ("Camber Energy" or the
"Company"), in independent oil and gas company, today announced
that it is delaying the filing of its Annual Report on Form 10-K
for the fiscal year ended March 31,
2017 with the Securities and Exchange Commission
(SEC).
On June 30, 2017, Camber Energy
filed a Notification of Late Filing on Form 12b-25 with the SEC
regarding its delayed Form 10-K. The Company experienced
delays in obtaining and compiling information required for
inclusion in its year-end financial statements. The delay in
the filing of the Annual Report, and supplemental oil and gas
reserves report, could not be eliminated without unreasonable
effort or expense. At this time, Camber expects that it will
be able to file the Form 10-K within the 15-calendar day extension
period provided by the Form 12b-25.
About Camber Energy, Inc.
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, and on April 27, 2017, Camber announced that it would be
relocating its corporate headquarters to San Antonio, Texas.
Safe Harbor Statement and Disclaimer
This news release includes "forward looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward looking statements give our current
expectations, opinions, belief or forecasts of future events and
performance. A statement identified by the use of forward
looking words including "may," "will," "expect," "anticipate,"
"estimate," "hope," "plan," "believe," "predict," "envision," "if,"
"intend," "would," "probable," "project," "forecasts," "outlook,"
"aim," "might," "likely" "positioned," "strategy," "continue,"
"potential," "ensure," "should," "confident," "could" and similar
words and expressions, and the negative thereof, and certain of the
other foregoing statements may be deemed forward-looking
statements. Although Camber Energy believes that the
expectations reflected in such forward-looking statements are
reasonable, these statements involve risks and uncertainties that
may cause actual future activities and results to be materially
different from those suggested or described in this news release,
including our ability to obtain the funds necessary to participate
in future drilling opportunities at Arrowhead; our ability reduce
operating costs and comply with covenants in our debt obligations;
our ability to generate cash flow to fund our operations; our
ability to raise additional capital at acceptable terms;
anticipated trends in our business; our ability to repay
outstanding loans and satisfy our outstanding liabilities; our
liquidity and ability to finance our exploration, acquisition and
development strategies; market conditions in the oil and gas
industry; the timing, cost and procedure for future acquisitions;
our financial position, business strategy and other plans and
objectives for future operations; and other risks described in
Camber Energy's Annual Report on Form 10-K and other filings with
the SEC, available at the SEC's website at www.sec.gov.
Investors are cautioned that any forward-looking statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected. The
forward-looking statements in this press release are made as of the
date hereof. The Company takes no obligation to update or
correct its own forward-looking statements, except as required by
law, or those prepared by third parties that are not paid for by
the Company. The Company's SEC filings are available on its
website or at http://www.sec.gov.
Investor Contact
Carol Coale
Dennard-Lascar Associates
info@camber.energy
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SOURCE Camber Energy, Inc.