Camber Energy in discussions with investment banking firms regarding merger, acquisition opportunities
HOUSTON -- Camber Energy, Inc., based in Houston, Texas, an independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, has announced that the company has had discussions with multiple investment banking firms to assist with identifying a merger or acquisition candidate and is contemplating engaging a firm in the event that a transaction is not completed with any of the current opportunities being explored in the near future. The company has been actively seeking and considering acquisitions and merger candidates, but intends to aggressively expand and expedite the scope of the process to identify accretive transactions.
There can be no assurance that the company's efforts will result in any transaction. The company has not set a timetable for the completion of a transaction and does not intend to discuss or disclose further developments related to efforts unless and until its board of directors has approved a specific action or otherwise determined that further disclosure is appropriate.
Separately, management has received a high volume of emails, calls and text messages from shareholders regarding the company's recent transactions and future prospects. Due to the significant number of requests, the company may not have sufficient resources to respond to all communications. Additionally, the Company would like to clarify its general practice, which is to avoid disclosing information to individual shareholders or potential shareholders which is not made through a publicly available filing or release. In some cases, where shareholders have questions or request information of a material non-public nature, the Company may choose to refrain from responding to such questions/requests to avoid the potential to inadvertently disclose material non-public information. Moving forward, when and if warranted, the Company plans to address shareholder questions and comments in such public filings and releases.
The company reminds shareholders that the company makes information regarding the company, its results of operations and material agreements and events in press releases and Form 8-K filings, as well as periodic reports (reports on Form 10-Q and 10-K), which contain financial information regarding the company and disclosures of material transactions and agreements.
