EnerJex Resources, Inc. has completed 14 new oil wells and 30 new secondary recovery water injection wells in its Rantoul Project located in Eastern Kansas. Year-to-date, the Company has drilled 28 new oil wells and 49 new injection wells in this project with a 100% success rate.

Twenty-two of the new oil wells have begun producing and 19 of the new secondary recovery wells have begun injecting water. The remaining wells are expected to be placed online in the near term.

Results from this drilling program have exceeded management's expectations, and production from this project has increased by 75% since the end of 2011 to approximately 175 barrels of oil per day.

Tags: EnerJex Resources