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July 30, 2015 6:38 AM ET

Oil, Gas and Consumable Fuels

Company Overview of EnerJex Kansas, Inc.

Company Overview

EnerJex Kansas, Inc. engages in on-shore oil exploration and production. The company was formerly known as Midwest Energy, Inc. and changed its name to EnerJex Kansas, Inc. in November 2007. The company is based in Overland Park, Kansas. EnerJex Kansas, Inc. operates as a subsidiary of EnerJex Resources, Inc.

10975 Grandview Drive

Suite 350

27 Corporate Woods

Overland Park, KS 66210

United States

Phone:

913-754-7754

Fax:

913-754-7755

Key Executives for EnerJex Kansas, Inc.

Chief Executive Officer
Age: 59
Compensation as of Fiscal Year 2015.

EnerJex Kansas, 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.

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