HOUSTON, June 30, 2017 /PRNewswire/ -- Camber Energy,
Inc. (NYSE MKT: CEI) ("Camber Energy" or the "Company"), in independent oil and gas company, today announced that it is
delaying the filing of its Annual Report on Form 10-K for the fiscal year ended March 31, 2017 with
the Securities and Exchange Commission (SEC).
On June 30, 2017, Camber Energy filed a Notification of Late Filing on Form 12b-25 with the SEC
regarding its delayed Form 10-K. The Company experienced delays in obtaining and compiling information required for
inclusion in its year-end financial statements. The delay in the filing of the Annual Report, and supplemental oil and gas
reserves report, could not be eliminated without unreasonable effort or expense. At this time, Camber expects that it will
be able to file the Form 10-K within the 15-calendar day extension period provided by the Form 12b-25.
About Camber Energy, Inc.
Camber Energy (NYSE MKT: CEI) is a growth-oriented, independent oil and gas company engaged in the development of crude oil
and natural gas in the Austin Chalk and Eagle Ford formations in south Texas, the Permian Basin
in west Texas, and the Hunton formation in central Oklahoma. The Company changed its name
from Lucas Energy, Inc. to Camber Energy, Inc. effective January 5, 2017, and on April 27, 2017, Camber announced that it would be relocating its corporate headquarters to San Antonio, Texas.
Safe Harbor Statement and Disclaimer
This news release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements give our current
expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward
looking words including "may," "will," "expect," "anticipate," "estimate," "hope," "plan," "believe," "predict," "envision,"
"if," "intend," "would," "probable," "project," "forecasts," "outlook," "aim," "might," "likely" "positioned," "strategy,"
"continue," "potential," "ensure," "should," "confident," "could" and similar words and expressions, and the negative thereof,
and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber Energy believes
that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and
uncertainties that may cause actual future activities and results to be materially different from those suggested or described in
this news release, including our ability to obtain the funds necessary to participate in future drilling opportunities at
Arrowhead; our ability reduce operating costs and comply with covenants in our debt obligations; our ability to generate cash
flow to fund our operations; our ability to raise additional capital at acceptable terms; anticipated trends in our business; our
ability to repay outstanding loans and satisfy our outstanding liabilities; our liquidity and ability to finance our exploration,
acquisition and development strategies; market conditions in the oil and gas industry; the timing, cost and procedure for future
acquisitions; our financial position, business strategy and other plans and objectives for future operations; and other risks
described in Camber Energy's Annual Report on Form 10-K and other filings with the SEC, available at the SEC's website at
www.sec.gov. Investors are cautioned that any forward-looking statements
are not guarantees of future performance and actual results or developments may differ materially from those projected. The
forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update
or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid
for by the Company. The Company's SEC filings are available on its website or at http://www.sec.gov.
Investor Contact
Carol Coale
Dennard-Lascar Associates
info@camber.energy
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SOURCE Camber Energy, Inc.