HOUSTON, TX / ACCESSWIRE / October 8, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, today announced that its wholly-owned subsidiary Lineal Star Holdings, LLC ("Lineal"), has closed the purchase of 80% of the membership interests of Evercon Energy LLC (www.EverconEnergy.com)("Evercon"), headquartered in College Station, Texas. Tim Connolly, CEO of Lineal Star commented, "The purchase of the 80% controlling interest in Evercon gives us a solid central Texas customer base as well as access to the south Texas market, and allows us the opportunity to more rapidly build Lineal Star Holdings.
HOUSTON, TX / ACCESSWIRE / January 3, 2020 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, announced today that it is has entered into and closed the transactions contemplated by a Preferred Stock Redemption Agreement. The redemption agreement, entered into with Lineal Star Holdings, LLC ("Lineal Star"), Lineal Star's wholly-owned subsidiaries and the holders of the Company's Series E and F Preferred Stock, resulted in the redemption and cancellation of all of the Company's outstanding Series E and F Preferred Stock in consideration for the return to the Series E and F Preferred Stock holders (i.e., the holders of the outstanding interests of Lineal Star prior to the Company's acquisition via merger of Lineal Star in July 2019), of 100% of the outstanding interests of Lineal Star.
HOUSTON, TX / ACCESSWIRE / October 17, 2019 / Camber Energy, Inc. (NYSE American:CEI) (the "Company" or "Camber"), based in Houston, Texas today provided a shareholder update highlighting fundamental developments at its wholly-owned subsidiary Lineal Star Holdings, LLC ("Lineal") and the audited financial statements included with its recently filed Current Report on Form 8-K/A (Amendment No. 2). The merger of Camber and Lineal, completed in July 2019, began a new chapter in the Company's history. Historically, Camber's focus was on oil and gas exploration and production, a business subject to volatility resulting from wide and often unpredictable swings in commodity prices.
HOUSTON, TX / ACCESSWIRE / October 2, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, announced today its recently acquired subsidiary Lineal Industries, Inc. ("Lineal") www.LinealStar.com, has regained a major legacy customer lost by its prior owners before the purchase of the company by Lineal Star Holdings, LLC ("Lineal Star") in 2018. Previously one of Lineal's most important clients, the prior Lineal owners pursued larger, more complex pipeline projects in lieu of the customary long-term maintenance projects Lineal Industries built its reputation on. Lineal Industries has now been awarded a number of pipeline integrity projects by the re-acquired customer, which reopens the company's opportunity to provide long-term maintenance and capital project services.
HOUSTON, TX / ACCESSWIRE / February 28, 2020 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), an independent oil and gas company, announced that on February 24, ...
HOUSTON, TX / ACCESSWIRE / April 3, 2020 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") today announced notice of a change in location of its Special Meeting of Stockholders to be held on Thursday, April 16, 2020, at 10:00 a.m. (Houston Time) (the "Special Meeting"). In light of the growing health impact of the coronavirus (COVID-19) pandemic, the extensive federal and local restrictions on non-essential activities and travel, the restriction of public gatherings of 10 or more people in Texas, and out of concern for the health and well-being of our colleagues and stockholders, the Special Meeting has been changed to be held in a virtual meeting format only. As described in the proxy materials for the Special Meeting, stockholders are entitled to participate in the Special Meeting if they were a stockholder of the Company as of the close of business on March 2, 2020, the record date, or hold a legal proxy for the meeting provided by your bank, broker, or nominee.
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HOUSTON, TX / ACCESSWIRE / October 21, 2019 / Camber Energy (NYSE American:CEI)("Camber" or the "Company") announced today that Tim Connolly, the CEO of its newly acquired subsidiary, ...
HOUSTON, TX / ACCESSWIRE / January 17, 2020 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") today announced that it had scheduled its 2020 Annual Meeting of Stockholders to be held on March 11, 2020 at 10:00 A.M. local time at 1415 Louisiana, Suite 3500, Houston, Texas 77002. The record date for determination of stockholders entitled to vote at the meeting, and any adjournment thereof, is planned to be set on or around the close of business on January 28, 2020 (the "Record Date"). More information regarding the Company's 2020 Annual Meeting of Stockholders will be disclosed in the Company's preliminary proxy statement which the Company plans to file with the Securities and Exchange Commission shortly.
HOUSTON, TX / ACCESSWIRE / October 29, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, disclosed today that, its 1for50 reverse stock split, which the Company previously disclosed was approved by the Board of Directors on October 24, 2019, is effective as of 12:01 a.m. Central Standard Time today, and will be reflected in the marketplace as of the open of trading.
A copy of the Merger Agreement was included in Viking’s and Camber’s Current Reports on Form 8-K filed on February 5, 2020, with the Securities and Exchange Commission, and available under "Investors" at www.vikingenergygroup.com and www.camber.energy. The proposed merger contemplates Camber issuing newly-issued shares of common stock, on a fully-diluted pro rata basis, to the equity holders of Viking having an 80% interest in the post-closing entity (altered slightly from the 85% interest set out in the Letter of Intent signed by the parties on January 23, 2020 given Camber’s subsequent monetary contribution to Viking’s recent acquisition), not including certain shares available to be issued to Camber’s Series C Preferred Stock holder post-merger, in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber shall merge with and into Viking, with Viking continuing as the surviving corporation (the “Merger”) and wholly-owned subsidiary of Camber after the Merger.
A copy of the LOI was included in Viking’s and Camber’s Current Reports on Form 8-K filed on January 24, 2020, with the Securities and Exchange Commission, and available under "Investors" at www.vikingenergygroup.com and www.camber.energy. The proposed merger contemplates Camber issuing newly-issued shares of common stock, on a fully-diluted pro rata basis, to the equity holders of Viking having an 85% interest in the post-closing entity in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber shall merge with and into Viking, with Viking continuing as the surviving corporation (the “Merger”) and wholly-owned subsidiary of Camber after the Merger.
HOUSTON, TX / ACCESSWIRE / October 24, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, today announced that, its Board of Directors ...
HOUSTON, TX / ACCESSWIRE / December 11, 2019/ Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, announced today that it is aware of the recent unusually high trading volume and increase in share price of its common stock since December 9, 2019 on the NYSE American. Camber confirms that although it is customarily involved in ongoing discussions with multiple parties regarding potential transactions, it is not currently aware of any material undisclosed information which is binding on the Company, that may be contributing to the recent increase in trading volume and increase in market price. The Company has no further updates to provide at this date.
HOUSTON, TX / ACCESSWIRE / January 6, 2020 / Camber Energy, Inc. (NYSE American:CEI) (the "Company" or "Camber"), based in Houston, Texas, today announced that on January 2, 2020, it received a letter from the NYSE American advising the Company that it had regained compliance with all of the NYSE American LLC continued listing standards set forth in Part 10 of the NYSE American Company Guide (the "Guide"). Specifically, effective on January 2, 2020, the Company resolved its previous continued listing deficiency with respect to Section 1003(f)(v) of the Guide, which the Company was previously subject to in July 2019, due to the low trading prices of its common stock.
HOUSTON, TX / ACCESSWIRE / March 17, 2020 / Camber Energy, Inc. (NYSE American:CEI) ("Camber") is pleased to announce that Elysium Energy, LLC ("Elysium"), the sole member of Camber's 25% owned subsidiary, Elysium Energy Holdings, LLC ("Holdings"), entered into a multi-year hedging arrangement in connection with Elysium's recent acquisition of oil & gas properties in Texas and Louisiana. Elysium, through its wholly-owned subsidiaries, holds working interests and over-riding royalty interests in oil and gas properties in Texas (approximately 72 wells in 11 counties) and Louisiana (approximately 55 wells in 6 parishes), along with associated wells and equipment.
HOUSTON, TX / ACCESSWIRE / May 13, 2020 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") today announced that the NYSE American (the "Exchange") has accepted the Company's plan of compliance (the "Plan") for continued listing on the Exchange. As previously reported, on February 24, 2020, the Company received notice from the Exchange that the Company is not in compliance with the continued listing standard set forth in Section 1003(a)(ii) of the NYSE American Company Guide (the "Guide").
Details regarding the Merger, along with a copy of the Merger Agreement, were included in Viking's and Camber's Current Reports on Form 8-K filed on February 5, 2020, with the Securities and Exchange Commission, and are available under "Investors" at www.vikingenergygroup.com and www.camber.energy. The planned merger contemplates Camber issuing newly-issued shares of common stock to the equity holders of Viking in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber will merge with and into Viking, with Viking continuing as the surviving corporation and as a wholly-owned subsidiary of Camber after the Merger.
HOUSTON, TX / ACCESSWIRE / September 26, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, today announced that its subsidiary Lineal Star Holdings, LLC ("Lineal"), has scheduled the closing to purchase Evercon Energy LLC (www.EverconEnergy.com), headquartered in College Station, Texas. Evercon provides pipeline solutions and field services, project management and inspection services, energy infrastructure maintenance, facilities construction, fabrication and Heavy Civil Construction services.
HOUSTON, TX / ACCESSWIRE / September 16, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, announced today its recently acquired subsidiary Lineal Industries, Inc ("Lineal") www.LinealStar.com, recently completed a $7.7 Million pipeline relocation project which was completed in conjunction with the expansion of a major thoroughfare, the Southern Beltway in Pittsburgh, Pennsylvania. Tim Connolly, CEO of Lineal Star Holdings, LLC (the parent of Lineal Industries, Inc.) commented, "This project is an excellent example of the type of specialty construction work our team at Lineal Industries excels in.