secwatch.observer — SEC 8-K summary
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Issuer:     CAMBER ENERGY, INC. (CEIN)
CIK:        0001309082
Form:       8-K
Filed at:   2022-12-27T23:59:59+00:00
Accession:  0001477932-22-009529
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camber Energy to acquire oil & gas assets for $69M; 169 producing wells (~2,000 bopd)
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- Purchase price $69M; up to 80% in cash, balance in Camber convertible preferred stock (face $10K/share, 10% dividend, convertible at VWAP).
- Assets include working interests in 169 proved producing wells (~2,000 bopd net) plus 174 proved non-producing wells and 12 PUD locations.
- Seller's internal estimates indicate total proved PV10 reserves of ~$185M as of Jan 1, 2023.
- Acquisition to be conducted through majority-owned subsidiary Viking Energy Group; closing target March 1, 2023.
- Closing conditions include board approval, capital increase, due diligence, and obtaining new loan for cash portion; no guarantee conditions met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309082/000147793222009529/0001477932-22-009529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309082/000147793222009529/cei_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-009529

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