$39 Million in Transactions Closed Since Dec. 23/20 Camber Energy Inc. is pleased to announce the completion of another deal with its majority-owned subsidiary, Viking Energy Group, Inc. , pursuant to which Camber purchased $18.9 million worth of common stock of Viking. In exchange for the shares of Viking, Camber agreed to issue 1,890 restricted shares of Camber's Series C Redeemable Convertible Preferred Stock to a [...]
Closes $39 Million in Equity Transactions Since Dec. 23/20 Viking Energy Group, Inc. is pleased to announce the completion of another deal with Camber Energy Inc. , its majority shareholder, pursuant to which Camber purchased $18.9 million worth of common stock of Viking. In exchange for the shares of Viking, Camber agreed to issue 1,890 restricted shares of Camber's Series C Redeemable Convertible Preferred Stock to a [...]
Camber Energy Inc. Dear Shareholders, I am honored and excited to be writing to you as Camber Energy Inc.'s new President & CEO. I would like to thank everyone that made possible the recent transaction between Camber and Viking Energy Group, Inc. . Camber acquiring 51% of Viking was the first step of a broader plan to fully combine the two entities and leverage their existing asset- base and transactional acumen. In the [...]
James Doris & Robert Green Join Board of Directors James Doris is New President & CEO Camber Energy Inc. today announced that Camber and Viking Energy Group, Inc. entered into definitive agreements pursuant to which Camber acquired, effective December 23, 2020, 51% of the issued and outstanding common stock of Viking for $20.1 million. The purchase price was payable through the cancelation of $9.2 million of existing debt [...]
Camber Energy Inc. today announced that it has received an expected notice from the NYSE Regulation staff of the NYSE American LLC as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 in a timely fashion. The NYSE notice advised the Company that it was not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in [...]
Camber Energy Inc. today announced that it had scheduled its 2021 Annual Meeting of Shareholders to be held on January 18, 2021 at 10:00 A.M. local time Central Time, virtually by means of remote communication or at such other time and location to be determined by the Company's Board of Directors and set forth in the Company's proxy statement for the 2021 Annual Meeting. It is also possible that the 2021 Annual Meeting [...]
Camber Energy Inc. today announced that Camber, together with Viking Energy Group, Inc. , who, as previously disclosed, are parties to the pending merger transaction, are currently working to finalize an amendment to Camber's Registration Statement on Form S-4, which Camber plans to file early next week, to respond to customary Securities and Exchange Commission comments which Camber received on such filing. Once Camber [...]
Camber Energy Inc. and Viking Energy Group, Inc. are pleased to announce that on September 4, 2020, Camber filed with the Securities and Exchange Commission , an amended Registration Statement on Form S-4 , including a preliminary joint proxy statement relating to the planned merger between Viking and Camber , which addressed SEC comments that Camber had received on the original Form S-4 which was filed on June 4, 2020 [...]
Camber Energy Inc. and Viking Energy Group, Inc. are pleased to provide an update regarding the status of the closing the pending merger between Camber and Viking . As previously reported, Camber received comments from the Securities and Exchange Commission on its draft Registration Statement on Form S-4 which was filed with the SEC in June 2020, as is customary and as was expected, and the parties are currently working [...]
Viking Energy Group, Inc. and Camber Energy Inc. are pleased to announce that Viking has started to re-activate certain wells within its portfolio that were purposely turned off or dialed-back due to the collapse of oil prices caused in part by the COVID-19 pandemic and certain geo-political factors. Viking has endeavored to be as proactive as possible in terms of increasing storage capacity and lowering production rates [...]
Camber Energy Inc. and Viking Energy Group, Inc. are filing this press release to update the prior press release filed jointly by the parties on July 1, 2020, to include the required disclosure, under applicable NYSE American rules and regulations, of the fact that Camber's Form 10-K included a going concern of Camber's independent auditing firm. Other than the addition of the information under "NYSE American Section 610 [...]
Camber Energy Inc. and Viking Energy Group, Inc. are pleased to announce that the parties are completing additional steps necessary to closing their planned merger. On June 29, 2020, Camber filed with the Securities and Exchange Commission its Annual Report on Form 10-K for Camber's March 31, 2020 fiscal year-end . Camber's Form 10-K highlighted net income of $0.96 million related to its 25% ownership interest in Elysium [...]