21st Century Research Initiates Coverage of EnerJex Resources

SAN ANTONIO, Dec. 6, 2011 /PRNewswire/ -- EnerJex Resources, Inc. (OTCMarkets:ENRJ) ("EnerJex" or the "Company"), a domestic onshore oil company, announced today that 21st Century Equity Research ("21st Century") has initiated coverage of the Company. 21st Century provides equity research on small- and micro-cap publicly-traded companies across multiple industries. This report is available on 21st Century's website at www.tfcentury.com/pdf/ENRJ/EnerJex_Initiation_Report.  

About EnerJex Resources, Inc.

EnerJex is a domestic onshore oil company with assets located in Eastern Kansas and South Texas. The Company's primary business is to acquire, develop, explore and produce oil properties onshore in the United States. Additional information is available on the Company's web site at www.enerjexresources.com.

About 21st Century Equity Research

21st Century was formed to provide the investing public with professional, independent, objective research on under-followed small-cap and micro-cap public companies. It does this by preparing detailed reports that include a comprehensive assessment comprising an investment thesis, industry and company background, risk landscape, and financial models. 21st Century is compensated for performing due diligence and creating reports, thus keeping its research free to the public. However, 21st Century does not have extraneous relationships with its followed-companies and does not have any present or future pecuniary benefit other than that disclosed below for EnerJex and for each other company listed on its website. EnerJex engaged 21st Century to provide equity research and investor marketing services, including preparation of the report that is referenced above, preparation of quarterly updates to that report, and providing introductions to and attending meetings with potential institutional investors. In consideration of those services, EnerJex has agreed to compensate 21st Century at a rate of $10,000 per year. Additional information is available on 21st Century's web site at www.tfcentury.com.

Forward-Looking Statements

This press release and the materials referenced herein include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give EnerJex's current expectations or forecasts of future events. The statements in this press release regarding the acquisition of operating assets and related agreements; any implied or perceived benefits from any current or future transaction, and any other effects resulting from any of the above, are forward-looking statements. Such statements involve risks and uncertainties, including but not limited to: whether acquired properties will produce at levels consistent with that of other nearby properties and with management's expectations; market conditions; the ability of EnerJex to obtain financing for continued drilling; the costs of operations; delays, and any other difficulties related to producing oil; the ability of EnerJex to integrate the newly purchased assets and any newly acquired employees; the price of oil; EnerJex's ability to market and sell produced minerals; the risks and effects of legal and administrative proceedings and governmental regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements are set forth in our Form 10-K filed with the United States Securities and Exchange Commission and our Form 10-Q.  EnerJex undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. EnerJex's production forecasts are dependent upon many assumptions, including estimates of production decline rates from existing wells and the outcome of future drilling activity. Although EnerJex believes the expectations and forecasts reflected in these and other forward-looking statements are reasonable, it can give no assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties.

SOURCE EnerJex Resources, Inc.