What Does Mcsyf Mean?

What is 'MCF - Thousand Cubic Feet' MCF is an abbreviation derived from the Roman numeral 'M' for a thousand, put together with cubic feet (CF) to measure a quantity of natural gas. A natural gas well that produces 400 MCF of gas per day operates with a daily of 400,000.

In terms of energy output, a thousand cubic feet (MCF) of gas is equal to approximately 1,000,000 BTU (British Thermal Units). One BTU is the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit at sea level (roughly equivalent to a kitchen match). Many people think the M represents the English word for million, but one million cubic feet of gas is instead denoted as MMCF, where the two Ms mean 'a thousand thousand' or 1,000,000, with each M representing three zeros.

BREAKING DOWN 'MCF - Thousand Cubic Feet' MCF is the conventional way to measure natural gas in the United States, which uses the imperial measuring system. In Europe, where the metric system is used, the abbreviation most commonly used is thousand of cubic meters or MCM. Oil and gas financial analysts need to be especially careful when analyzing companies' quarterly results to avoid mixing up various units.

For example, it is quite easy to overlook the fact that U.S. Companies will report in MCF, while European companies often report in MCM. This makes quite a difference because 1 MCM = 35.3 MCF.

To help analysts deal with these reporting differences, some companies provide analysts with an approximate conversion factor guide. In these guides there are typically six specific conversion factors for natural gas (cubic meters, cubic feet, tons of oil equivalent, tons of liquefied natural gas, BTU and barrels of oil equivalent). ​Most of the major international oil and gas companies provide standardized reports to help analysts and investors accurately assess these figures. This is partly a regulatory requirement, with the (SEC) stipulating that foreign companies with stock listed on U.S. Exchanges file standardized reports on an annual basis, called a 20-F. This is equivalent to the 10-K filing for U.S. Companies and provides investors with oil and gas production and reserve statistics published with imperial measurements to allow like-for-like comparison.

Investors in the emerging markets of Russia, Africa or Latin America often receive reports with data represented in the metric system, which is a global measurement system. Analysts of these companies will need to use conversion tables to accurately quantify and compare them to more sophisticated international operators.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:   þ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act of (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act of (17 CFR 240.13e-4(c)). Item 7.01 Regulation FD Disclosure On September 10, 2013, Robert G. Watson, Jr., will be giving a presentation at the Euro Pacific Global Investment Conference in New York, New York, at 2:00 p.m.

Eastern Standard Time. A copy of the presentation is attached as Exhibit 99.1 and incorporated herein by reference solely for purposes of this Item 7.01 disclosure. Note: The information in this report is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference to such filing.

Item 8.01 Other Events. Attached hereto as Exhibit 99.1 is a presentation given by Mr. Watson at the Euro Pacific Global Investment Conference in New York, New York, at 2:00 p.m Eastern Standard Time on September 10, 2013. Item 9.01 Financial Statements and Exhibits (d) Exhibits. 99.1 Investor Presentation. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENERJEX RESOURCES, INC., Date: September 10, 2013 By: /s/ Robert G.

Chief Executive Officer and President. SUMMARY: The material presented is a presentation of general background information about EnerJex Resources, Inc. (“ENRJ”) as of the date of this document. This information is in summary form and does not purport to be complete. This document (and/or attachments to this document) is not intended to be relied upon as advice to existing or potential investors. FORWARD-LOOKING STATEMENTS: This document (including the financial projections and any subs equent questions and answers) contains statements that are forward -looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

What Does Msf Mean In Shipping

Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such for ward-looking statements are and will be, as the case may be, subject to many risks, uncertainties, certain assumptions and factors relating to the operations and business environment of ENRJ that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements. RESERVE AND RESOURCE DISCLOSURE: Securities and Exchange Commission (“SEC”) rules prohibit a publicly-reporting oil and gas company from including oil and gas resource estimates in its filings with the SEC, except proved, probable and possible reserves that meet the SEC’s definition of such terms. Estimates of non -proved and non-probable reserves included herein are not based on SEC definitions and guidelines and may not meet spe cific definitions of reserves or resource categories within the meaning of the SPE/SPEE/WPC Petroleum Resource Management System.

NO REPRESENTATIONS: The information in this document (and/or attachments to this do cument) is current as of the date indicated. That information is not complete, and the performanc e projections included herein have not been audited. These presentation materials do not contain certain material informati on concerning ENRJ, including important disclosures and risk factors associated with making an investment in ENRJ, and are su bject to revision at any time. ENRJ does not undertake any obligated to inform you of any changes in circumstances that may affect, in the future, the accuracy of the information set forth herein. Although ENRJ believes that the expectations and assumpt ions reflected in this document and the forward -looking statements are reasonable based upon information currently available to ENRJ, and their respective principals, employees, agents and authorized representatives, none of ENRJ, or their respectiv e principals, employees, agents or authorized representatives makes any warranty or representation, whether express or implied, or assumes any legal liability for the accuracy, completeness or usefulness of any information disclosed. ENRJ nor any of its respective principals, employees, agents or authorized representatives accepts any responsibility or liability whatsoev er caused by any action taken in reliance upon this document and/or its attachments. Disclaimer / Forward Looking Statements 2.

ENRJ’s entire board of directors and management team were reconstituted at the end of 2010. ▪ New management has accomplished a tremendous amount in a short time period and executed on numerous key operating and financing objectives, setting the stage for an exciting future. Company Transformation Year-End 2010 Transformation: »Converted $2.7 million of debt into common equity at $0.80 per share. »Added a new focus area in South Texas and acquired additional assets in Eastern Kansas.

»Raised $5 million through the issuance of common equity at $0.40per share. 2011 Milestones: »More than doubled exposure to Mississippian oil play in Kansas. »Raised $3.4 million through the issuance of common equity at $0.60 per share. »Repurchased 3.75 million shares of common stock at $0.40 per share.

»Secured new $50 million senior credit facility. »Formed $5 million general partnership to develop certain oil assets in Kansas. »Sold $5.5 million of non-core assets. »Drilled 54 oil wells with a 100% success rate and 37 secondary recovery water injection wells. »Improved operating cost structure and significantly reduced unitoperating expenses. 2012 Milestones: »Announced successful production results from 3 high-impact oil wells in South Texas.

»Unveiled Cherokee oil resource play in Kansas and increased acreage position 10-fold. »Repurchased 2 million shares of common stock at $0.53 per share.

»Drilled 126 oil wells with a 98% success rate and 100 secondary recovery water injection wells. »Achieved record proved reserves, oil production, revenue, net income, EBITDA, and operating cash flow. 5 The transformation is complete! EnerJex is poised for rapid growth with $10 million of liquidity. ENRJ recently announced an agreement to acquire privately held Black Raven Energy, Inc. ▪ Transaction based on a negotiated value of $0.70 per share of ENRJ common stock. ▪ Existing ENRJ shareholders expected to own 67% of the combined company on a diluted basis.

▪ ENRJ expected to incur $15 million of additional debt to complete the acquisition. ▪ Transaction expected to close within 30 days. Black Raven assets provide an attractive entrance into the Denver-Julesburg (“DJ”) Basin. ▪ Large footprint of more than 75,000 net acres, including 45,000net acres held by production.

▪ 100% working interest in 19,000 acres representing the vast majority of Adena Field. ▪Adena is the 3 rd largest oil field in Colorado history, having produced 75 million barrels of oil. ▪Nearly all producing wells were suspended during the mid-1980’s when oil prices collapsed. ▪Current production of 250 BOEPD (2/3 oil) from 8 J-Sand and 7 D-Sand wells at a depth of 5,500’. ▪135 existing wells of which 80 reactivations or recompletions have already been identified.

▪Most recent D-Sand recompletion achieved a stabilized production rate of 30 BOPD. ▪New D-Sand waterflood initiated during 1Q 2013. ▪ 100% working interest in more than 55,000 acres targeting gas production from the Niobrara formation.

▪ 150 high-ranked drilling locations identified based on 114 miles of 2D and 165 square miles (105,000 net acres) of 3D seismic analysis, which has historically yielded success rates of approximately 90% in this play. ▪ Direct access to Cheyenne Hub market and immediate proximity to major pipelines. ▪ 6% overriding royalty interest in 200 wells that were drilled during the past few years.

▪ Exposure to emerging unconventional oil resource plays being pursued by numerous competitors. Pending Merger 6. Overview of Oil Portfolio Project Name Location Gross Acres (1) Working Interest Mississippian Project Southeast Kansas 4,260 90% Cherokee Project Eastern Kansas 10,295 85% El Toro Project South Texas 3,435 44% Other Kansas + Texas 2,485 97% Total Kansas + Texas 20,475 81% (1) Based on 12/31/12 figures.

Mississippian Project includes 1,280 acres that ENRJ has the option to acquire at minimal cost upon achieving certain drilling milestones. EnerJex is focused on the acquisition and development of shallow oil properties with the following characteristics: ▪ Low production decline rates. ▪ Abundant low-risk drilling opportunities. ▪ Potential for multi-pay “serendipity”. EnerJex’s 2012 oil production increased 88% year-over-year adjusted for asset sales. 8 EnerJex has more than doubled its Mississippian acreage over the past two years and increased its Cherokee acreage position by 10-fold during the same time period. Acquisition opportunities are abundant in both plays at favorable terms.

Summary of Oil Reserves ENRJ Reserves as of December 31, 2012 (1) Reserve Category Proved Developed Producing Proved Undeveloped Total Proved Net Barrels 1,546,300 1,380,800 2,927,000 Development Expenses $607,500 $11,158,600 $11,766,100 Revenue $130,259,300 $116,275,400 $246,534,700 Operating Expenses $37,896,500 $31,234,800 $69,131,300 Net Cash Flow $91,755,400 $73,882,000 $165,637,400 PV-10 Value (2) $34,737,900 $26,108,400 $60,846,300 (1) Prepared by MHA Petroleum Consultants LLC and based on an average net oil price of $84.21/barrel. (2) Net present value of future pre-tax cash flow discounted at 10% per annum. ENRJ is focused on increasing its proved reserves and developing its extensive asset base. Existing proved reserves exclude hundreds of new drilling locations identified on ENRJ’s properties. Existing proved reserves also exclude 1,000 additional acres in ENRJ’s Mississippian Project. Kansas Oil & Gas Production EnerJex’s Mississippian Project is located in the Winterschied Field, which has produced approximately 15 million barrels of crude oil according to the Kansas Geological Survey.

Production from this field averaged approximately 1,000 BOPD in 1970 and 400 BOPD in 2012. EnerJex has increased its production from this project by more than 150% from 75 to 200 BOPD since the beginning of 2011, and it is expected to continue growing for the foreseeable future. Mississippian Project 10 Woodson County Oil & Gas Fields. Mississippian Project Characteristics ▪Rural area with long production history ▪Shallow formation depth of 1,700 feet ▪10 acre producer well spacing ▪Five-spot water injection pattern ▪Finding & development costs 95% ▪Drilling time of 72 hours ▪Oil to market within days of completion ▪Low production decline rate ▪Multi-zone serendipity potential ▪WTI basis differential of $7/Bbl ▪Multiple oil purchaser options ▪Stable service and cost environment 11 More than 1 billion barrels of oil have been produced from the Mississippian formation in Kansas.

Franklin County Oil & Gas Fields Miami County Oil & Gas Fields Kansas Oil & Gas Production EnerJex’s Cherokee Project is located in the prolific Paola-Rantoul Field, which has produced nearly 30 million barrels of crude oil according to the Kansas Geological Survey. Production from this field exceeded 2,000 BOPD in the early 1980 ’s and averaged more than 900 BOPD in 2012. EnerJex has increased its production from this project by 10x from 25 to 250 BOPD since the beginning of 2011, and it is expected to continue growing for the foreseeable future. Cherokee Project 12. Cherokee Project Characteristics ▪Rural area with long production history ▪Shallow formation depth of 600-650 feet ▪4 acre producer well spacing ▪Five-spot water injection pattern ▪Finding & development costs 95% ▪Drilling time of 24 hours ▪Oil to market within days of completion ▪Low production decline rate ▪Multi-zone serendipity potential ▪WTI basis differential of $7/Bbl ▪Multiple oil purchaser options ▪Stable service and cost environment 13 Many discoveries were abandoned prior to development after oil prices collapsed in the mid-80’s. Oil Production Well Primary Oil Production Secondary Oil Production Barrels Of Oil Per Day Time Elapsed Water Injection Well Cherokee Project: Incremental Oil Production From Initiating Water Injection At Inception Before Reservoir Pressure Is Depleted Mississippian Project: Incremental Oil Production From Initiating Water Injection After Primary Oil Recovery Has Depleted Reservoir Pressure Enhanced Oil Recovery ▪ Primary recovery results from natural reservoir pressure and typically recovers 10-25% of original oil in place. ▪ Water injection re-pressurizes the oil reservoir and pushes oil to producing wells, resulting in an additional 10-25% recovery of original oil in place.

El Toro Project El Toro Project Area Oil Fields (Frio & Atascosa Counties) Oil Fields Texas Oil & Gas Fields ▪ More than 100 million barrels of oil have been produced from the Olmos formation in the area surrounding the company’s El Toro Project. ▪ EnerJex has completed 12 Olmos oil wells in this project spanning 8 miles with consistent petro - physical results but varying production results.

▪ EnerJex believes its acreage was neglected due to low reservoir permeability and that horizontal drilling and fracture stimulation may justify widespread economic development. ▪ The first two vertical wells drilled by EnerJex produced 100% more oil during the initial 12 months than the best well in the adjacent field which has produced 10 million barrels of oil.

▪ Service constraints and increased costs due to the Eagle Ford Shale frenzy have caused management to focus on Kansas projects in the near term. Capitalization / Ownership Table The management team has significant ownership in ENRJ. ▪Alignment of interests with shareholders. ▪Strong financial background. ▪Deep understanding of value creation. Ownership Table –September 10, 2013 Description # Shares% Common Shares Outstanding Officers / Directors / 5% Shareholders (1) Montecito Venture Partners, LLC (Including Affiliates) 14,813,923 21.8% West Coast Opportunity Fund, LLC (Including Affiliates) 11,812,103 17.4% Newman Family Trust 5,000,000 7.4% Robert G.

(CEO) 4,000,000 5.9% Coal Creek Energy, LLC (Including Affiliates) 3,944,648 5.8% James G. Miller (Director) 2,173,871 3.2% Lance W. Helfert 201,999 0.3% R.

What Does Mcf Mean In Trucking

Atticus Lowe 128,585 0.2% TOTAL Officers / Directors / 5% Shareholders 42,075,129 62.0% Public Float 25,761,400 38.0% Total Common Shares Outstanding 67,836,529 100.0% Series A Preferred Shares (2) 4,779,460 NA (1) Based on most recent SEC filings and knowledge of EnerJex Resources, Inc. (2) Series A Preferred Stock will convert into 4,779,460 common shares once cumulative distributions reach $4,779,460. Preferred distributions are paid quarterly from one-third of ENRJ’s adjusted operating cash flow. Robert Watson Jr. (Chief Executive Officer) ▪ Co-founder and former CEO of Black Sable Energy, a private oil exploration and production company focused on South Texas that was subsequently sold to ENRJ. ▪ Former President of Centerra Energy Partners, a private oil and gas partnership focused on South Texas.

▪ Senior Associate at American Capital, Ltd. (NASDAQ: ACAS), a publicly traded middle-market private equity firm and global asset manager with $68 billion in assets under management. »Executed 7 transactions in excess of $150 million in invested capital, and actively participated in the daily management of 12 portfolio companies. ▪ Member of Investment Banking Team in the Energy Group at CIBC World Markets. ▪ Graduate of Southern Methodist University with a Bachelor of Arts degree in Finance. Douglas Wright (Chief Financial Officer) ▪ Former Corporate Controller and Chief Accounting Officer of Nations Petroleum Company, Ltd.

»Privately held company grew production of its core U.S. Asset from 300 BOPD to 5,000 BOPD over a 5-year period before selling to Occidental Petroleum. »Built accounting staff and developed the company’s financial accounting and reporting procedures while arranging $250 million of mezzanine financing. ▪ Oversight of Financial Reporting for subsidiary of Noble Energy,Inc.

(NYSE: NBL) from 2005 to 2006. ▪ Responsible for SEC reporting relating to its $3.4 billion acquisition of Patina Oil & Gas Corp. ▪ Served in managerial roles from 1986 to 1996 at Oryx Energy, which was acquired by Kerr McGee Corp. For $3.1 billion. ▪ Began career at Deloitte & Touche and served as a manager from 1977 to 1986. Key Executives 19.

ENRJ has secured a $50 million credit facility with Texas Capital Bank. ▪$11.0 million drawn as of June 30, 2013 compared to $6.1 millionas of year-end 2010. ▪Access to capital increases as oil production and proved reserves increase.

▪Borrowing base increased by 60% from $12.15 million to $19.5 million in April 2013. ▪Current interest rate is 3.75%. ▪Hedges provide downside protection.

Senior Credit Facility $50 Million Senior Secured Line of Credit -Working Capital -Drilling -Acquisitions Crude Oil Hedges Period Monthly Volume Price/Barrel Sep 13 –Dec 13 6,200 $83.6 Sep 13 –Dec 13 1,550 $90.0 -$94.5 Jan 14 –Dec 14 5,820 $82.6 Jan 15 –Dec 15 4,000 $82.0 20. GRAPHIC 3 image001.jpg GRAPHIC begin 644 image001.jpg MCX``02D9)1@`!`0```0`!``#VP!#``@&!@KQ O/T?;W^/GZ 0`'P$``P$!`0$! M`0$!`0````````$'`P0%!@&.=;F.' 14.?N(59?QK2 ':'Z1 4/'7VM9/MEY&+`R;6A5A.! MNRJN@QN`H7P@B$3PUJ `PMBU2YM+FPTNUUJ2 FU'YB:.%(EG+M``Y M`P`.I(K. 3Z:^)OBI/JUD&%K/P'(L,%E0(F'.W.O-=!HBD'BOXDT MS7&9'U.^N;6^AG8$5I&VOST&#@G^ZQ/85A:WX+O/!Q`L=.DW26 UW$UEKQ.:EK'Q0OI+6;35 M2?R$43:C!&X/EJ.49P7VY50^.^Z^-)MX5+RYM8@B EF(4@8?F%5C+9S MK 4-0E:'01S1PF-IPX$:C@4$?A1'(2ZG,:;O9ZU=Z5HDFATV:S@9^' M$65SVRQ^I-G0RV7COPA;^.=1MY;O6?#.,E`B9^W1JI:/,AX) 6V-II$ MAGTC22UO=!`!M9L?)G ?YI5.-&ED5$&68X%=!#' ML$.1KT7OZGUH`DI#2TE(!.2EI.3.$I.6D-(:&FLC6;G`%LIZ,!7 JU9Y M5@B:5NJ,7VKEI7:61I'Y9CDU)2(C2)&990O;J34XU:AC M.1 QY-2RT/P M`,#@#I3#3S3#UJ2T)5YN!'