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"The fiscal third quarter 2017 was the first full quarter having absorbed the Segundo assets which closed in August, 2016. (NYSE MKT: CEI) ("Camber" or the "Company"), an independent oil and gas company with its operations in Texas and Oklahoma, today announced its fiscal 2017 third quarter results for the period ending December 31, 2016.
Total production in the quarter was 91,591 BOE, net, compared to 4,964 BOE in the same period last year.
We continue to seek opportunities to make acquisitions of leasehold or production in new areas, funding permitting.
"On January 5, 2017, we rebranded and changed our name to Camber Energy, Inc.
During the quarter, the Company conducted a well maintenance and upgrade program on its wells in Oklahoma, which included the repair and/or replacement of down-hole pumps, mechanical repairs and added compression which more than doubled existing production on those wells.
Camber expects to continue maintenance operations and other field enhancements on an additional fourteen wells during calendar 2017.