Camber Energy To Sell ‘Substantial Portion’ Of Assets

摘要

Camber Energy Inc. (AMEX: CEI) said June 26 it plans to sell a “substantial portion of its assets” to a proposed buyer affiliated with its former CEO that will clear all of the company’s debt. Based in San Antonio, Camber is an independent oil and gas company with assets within the Hunton Formation in Central Oklahoma and the Permian Basin’s San Andres Play. Additionally, the company closed on an acquisition of Texas Panhandle assets in March.