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August 30, 2015 12:42 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Black Raven Energy, Inc.

Company Overview

Black Raven Energy, Inc., an independent energy company, engages in the acquisition, exploitation, development, and production of natural gas and oil in the Rocky Mountain region of the United States. It has 178,000 net acres under lease in the play, which is located in Sedgwick and Phillips Counties in Colorado; and in Perkins, Chase, and Dundy Counties in Nebraska. The company also holds a minor working interest in the Homestead Draw CBM Field in Campbell County, Wyoming. As of December 31, 2010, it had working interests in 68 gross (31 wells net) productive wells. The company was formerly known as PRB Energy, Inc. and changed its name to Black Raven Energy, Inc. in February 2009. Black Ra...

1875 Lawrence Street

Suite 450

Denver, CO 80202

United States

Founded in 2003

18 Employees

Phone:

303-308-1330

Fax:

303-308-1590

Key Executives for Black Raven Energy, Inc.

Chairman and Chief Executive Officer
Age: 62
President and Director
Age: 61
Chief Financial Officer
Age: 61
Chief Investment Officer, Principal, Director and Chairman of Audit Committee
Age: 35
Vice President of Exploration
Age: 63
Compensation as of Fiscal Year 2015.

Black Raven Energy, Inc. Key Developments

Enerjex, DD Energy, Black Sable Energy, Black Raven Energy, Adena and Working Interest Announces Amendments to its Credit Agreement

EnerJex Resources, Inc., EnerJex Kansas, Inc., DD Energy, Inc., Black Sable Energy, LLC, Black Raven Energy, Inc., Adena, LLC, and Working Interest, LLC (together with the Company, the Borrowers) are parties to an Amended and Restated Credit Agreement dated October 3, 2011, as amended by that certain First Amendment to Amended and Restated Credit Agreement dated December 14, 2011, that certain Second Amendment to Amended and Restated Credit Agreement dated as of August 31, 2012, that certain Third Amendment to Amended and Restated Credit Agreement dated as of November 2, 2012, that certain Fourth Amendment to Amended and Restated Credit Agreement dated as of January 24, 2013, that certain Fifth Amendment to Amended and Restated Credit Agreement dated as of September 30, 2013, and that certain Sixth Amendment to Amended and Restated Credit Agreement dated as of November 19, 2013, and that certain Seventh Amendment to Amended and Restated Credit Agreement dated as of June 16, 2014, and that certain Eighth Amendment to Amended and Restated Credit Agreement dated as of August 13, 2014 with Texas Capital Bank, N.A., as Administrative Agent, L/C Issuer and a Bank, and the several financial institutions and banks from time to time parties to the Credit Agreement. On April 29, 2015, the Borrowers entered into a Ninth Amendment to Amended and Restated Credit Agreement with the Banks. In the Ninth Amendment, the Banks (i) re determined the Borrowing Base based upon the recent Reserve Report dated January 1, 2015, (ii) imposed affirmative obligations on the Borrowers to use a portion of proceeds received with regard to future sales of securities or certain assets to repay the loan, (iii) consented to non-compliance by Borrowers with certain terms of the Credit Agreement, (iv) waived certain provisions of the Credit Agreement, and (v) agreed to certain other amendments to the Credit Agreement. The Letter Agreement and the Bank's waiver there under expire earlier if the aggregate amount of dividends paid equals or exceeds $1,000,000.

Black Raven Energy, Inc. Auditor Raises 'Going Concern' Doubt

Black Raven Energy, Inc. filed its S-1 on Feb 14, 2014 for the period ending Dec 31, 2012. In this report its auditor, L.L. Bradford & Company, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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