HOUSTON, TX / ACCESSWIRE / October 24, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, today announced that, its Board of Directors has approved a 1-for-50 reverse stock split of the Company's (a) authorized shares of common stock; and (b) issued and outstanding shares of common stock. The reverse stock split will be effective as of the open of the market on October 29, 2019. As a result, the Company will not be increasing its authorized but unissued shares of common stock as a result of the reverse split (i.e., will not be able to issue any greater (proportional) number of shares of common stock after the split than before the split).

The effect of the reverse split will be only to divide our issued and outstanding common stock by 50 and to simultaneously divide our authorized common stock by 50, the result of which (other than minimal changes due to rounding), will be a purely mechanical change (in a ratio of 1-for-50) to our stock price (which will be adjusted upward by a factor of 50 on the effective date of the split), and issued and outstanding shares of common stock. The total number of outstanding common shares will be reduced from approximately 73.3 million to approximately 1.5 million shares. The Company's authorized number of shares of common stock will also be proportionately decreased from 250,000,000 to 5,000,000 shares as a result of the reverse stock split and pursuant to Nevada Revised Statutes (NRS) Section 78.207. No fractional shares will be issued as a result of the reverse split as any fractional shares resulting from the reverse split will be rounded up to the nearest whole share on a per shareholder basis.

The Board of Directors of the Company approved the action in accordance with Nevada law (NRS Section 78.207) on October 24, 2019. No additional Company or shareholder approval is required because both the number of authorized shares of common stock and the number of outstanding shares of common stock will be proportionally reduced as a result of the reverse split, the reverse split will not adversely affect any other class of stock of the Company and the Company will not pay money or issue scrip to shareholders who would otherwise be entitled to receive a fractional share as a result of the reverse split. The reverse split will have no effect on the Company's authorized preferred stock, except to affect, where applicable, the conversion rates and voting rights of such preferred stock.

The reverse stock split will not impact any shareholder's percentage ownership of Camber or voting power, except for minimal effects resulting from the treatment of roundingfractional shares.

Camber's shares of common stock will continue to trade on the NYSE American ("NYSE") under the symbol "CEI" but will trade under a new CUSIP Number, 13200M 508. The reverse stock split is intended to increase the market price per share of Camber's common stock in order for the Company to comply with the NYSE continued listing standards relating to minimum price per share.

Below is a table summarizing the effect of the split on the issued and outstanding and authorized common stock:

	Pre-Split(1)	Post-Split(2)	Difference (as a ratio between Post-Split and Pre-Split numbers)
Authorized Common Stock	250,000,000	5,000,000	1-to-50
Issued and Outstanding Common Stock	73,264,201	1,465,285	1-to-50
Difference Between Authorized and Issued and Outstanding	176,735,799	3,534,715	1-to-50
Percentage of Authorized But Unissued Shares of Common Stock Remaining To Be Issued Versus Total Authorized Shares	70.7%	70.7%	No Change

^{(1) As of October 24, 2019.}

^{(2) Not taking into account rounding.}

The Board of Directors approved the reverse split unilaterally, and without shareholder approval, pursuant to Section 78.207 of the NRS, solely to enable the Company to expeditiously meet the low price per share selling price requirements of the NYSE American and to reduce the risk of the Company being automatically delisted from the NYSE American due to the trading prices of its common stock falling below certain NYSE American lower limits. Another benefit of the reverse stock split will be to limit the number of shares of common stock issuable upon conversion of the Company's Series C Preferred Stock to the maximum number of authorized shares of common stock, which as a result of the reverse stock split has been decreased to a total of 5 million shares. The Company believes this may reduce the preferred stock holders' ability to convert and sell shares and therefore reduce the downward pressure on the Company's common stock as a result of such sales, when the maximum number of authorized but unissued shares of common stock is reached as a result of such conversions.

To reiterate, the reverse stock split will notimpact any shareholder's percentage ownership of Camber or voting power or increase the proportional number of authorized but unissued shares of common stock which the Company has available for future issuance, except for minimal effects resulting from the treatment of fractional shares.

ClearTrust, LLC, Camber's transfer agent, will act as the exchange agent for the reverse stock split. Please contact ClearTrust, LLC for further information at (813) 235-4490.

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy's (NYSE American:CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This press release may include "forward-looking statements" which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal Star Holdings, LLC and related transactions; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes 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 at http://www.sec.gov.

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SOURCE: Camber Energy, Inc

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HOUSTON, TX / ACCESSWIRE / October 17, 2019 / Camber Energy, Inc. (NYSE American:CEI) (the "Company" or "Camber"), based in Houston, Texas today provided a shareholder update highlighting fundamental developments at its wholly-owned subsidiary Lineal Star Holdings, LLC ("Lineal") and the audited financial statements included with its recently filed Current Report on Form 8-K/A (Amendment No. 2).

New Chapter Underway

The merger of Camber and Lineal, completed in July 2019, began a new chapter in the Company's history. Historically, Camber's focus was on oil and gas exploration and production, a business subject to volatility resulting from wide and often unpredictable swings in commodity prices. Currently, the merged Company's major asset is Lineal Industries, Inc., a pipeline and utility service company that was acquired by Lineal in July 2018, which now positions Camber as an energy infrastructure company.

With the recent acquisition of Evercon Energy, located in College Station, Texas, Lineal has added additional pipeline services capabilities, as well as heavy civil infrastructure experience. Midstream and downstream pipelines, utilities, specialty construction and civil infrastructure projects are now the expanded focus of operations. All of Lineal's acquisitions are intended to develop a more stable and predictable revenue stream. setting the stage for steady growth, rather than the income booms and busts of companies solely producing oil and gas.

Audited Financial Statements: Improved Operating Performance

Audited financial statements for Lineal for the years ended March 31, 2019 and 2018, including financial statements prior to Lineal Star Holdings' acquisition of Lineal Industries and for Lineal after its acquisition of Lineal Industries, as disclosed in the Company's Current Report on Form 8-K/A (Amendment No. 2), filed with the Securities and Exchange Commission on October 7, 2019, show sharply improved operating performance for Lineal in the more recent period under current leadership.

A net loss of $7.4 million was recorded by Lineal Industries for the year ended March 31, 2018, and an additional loss of $2.4 million was recorded for the period from April 1, 2018 through July 28, 2018. In contrast, following Lineal's acquisition of Lineal Industries on July 29, 2018, financial performance improved significantly. Net profit (loss) for the period from July 29, 2018 through March 31, 2019 was nearly breakeven, with Lineal recording a net loss of $0.1 million. Management's priorities continue to be pursuing profitable, diverse projects ranging from $500,000-$15 million in revenue. Management believes 2020 can bring steady growth and a positive improvement in operations as a result of the Company's ability to focus all of its resources on growth, that will not have the expense and lost time from the merger with Camber that required both financial and human resources that affected results. In 2020, Lineal's team will be focused on building the Lineal future and achieving our long-term goals.

Growth Strategies

A two-pronged approach to growing the Company is being pursued: organically and through acquisitions. Efforts to grow internally are being pursed through a focus on top tier Lineal customers and pipeline integrity projects that were historically profitable over the company's 64-year-old heritage. "The market for these types of projects is relatively stable and growing and we believe that we are gaining market share in projects in the $1-15 million range, based on recent bids that have been submitted. Lineal has a history of success in projects of this size and it's a niche part of the market where we believe that Lineal has a distinct competitive advantage," said Tim Connolly, CEO of Lineal Star Holdings, who continued, "We are carefully listening to shareholder input involving operating performance and we believe that the steps we are taking will create increased long-term value for all shareholders."

Growth through acquisitions is another key strategy. Mr. Connolly noted, "Numerous candidates are being brought to our attention and we are actively pursuing acquisitions. At the same time, we are being disciplined and selective in this process. The Company is primarily seeking smaller, private companies where we can leverage our industry relationships and financial capabilities to drive profitable growth, such as the recent acquisition of Evercon Energy LLC.

Many shareholders of the Company have inquired regarding the number of common stock shares outstanding which has substantially increased in recent months, as noted in recent Current Report on Form 8-K filings. The number has increased from approximately 2,154,998 shares of common stock issued and outstanding on July 8, 2019 to 66,007,701 shares of common stock issued and outstanding on October 16, 2019. The cause of this shareholder dilution is mainly due to shares of Series C Preferred Stock which have been converted into common stock. Conversions and sales may have also caused Camber's share price to decline sharply.

For more information about Camber Energy, investors can visit https://ir.camber.energy/.

About Lineal Star Holdings, LLC

Lineal, based in Houston, Texas, is the parent company of (a) 64-year-old Lineal Industries Inc. ("Lineal Industries"), based in Pittsburgh, Pennsylvania, (b) Lineal Star Incorporated ("Lineal Star"), headquartered in Houston, and (c) Evercon Energy, LLC, headquartered in College Station, Texas. Each of these companies were acquired by Camber as part of the merger announced in July 2019 or subsequent thereto. Lineal Industries has provided over six decades of upstream, midstream, and utilities pipeline maintenance, specialty construction and integrity services to Fortune 500 companies located in the states of Ohio, Pennsylvania, Virginia, West Virginia, Maryland and New York.

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy's (NYSE American: CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This press release may include "forward-looking statements" which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal and related transactions; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes 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 at http://www.sec.gov.

Media Contact:

Interdependence PR
camber@interdependence.com

SOURCE: Camber Energy, Inc

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HOUSTON, TX / ACCESSWIRE / October 8, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, today announced that its wholly-owned subsidiary Lineal Star Holdings, LLC ("Lineal"), has closed the purchase of 80% of the membership interests of Evercon Energy LLC (www.EverconEnergy.com)("Evercon"), headquartered in College Station, Texas. Evercon provides pipeline solutions and field services, project management and inspection services, energy infrastructure maintenance, facilities construction, fabrication and Heavy Civil Construction services. Tim Connolly, CEO of Lineal Star commented, "The purchase of the 80% controlling interest in Evercon gives us a solid central Texas customer base as well as access to the south Texas market, and allows us the opportunity to more rapidly build Lineal Star Holdings. We have a great deal of confidence in Evercon President, Brian Stiles, and look forward to great things from his leadership of Evercon."

For more information about Camber Energy, investors can visit https://ir.camber.energy/.

About Lineal Star Holdings, LLC

Lineal, based in Houston, Texas, is the parent company of (a) 64-year-old Lineal Industries Inc. ("Lineal Industries"), based in Pittsburgh, Pennsylvania, and (b) Lineal Star Incorporated ("Lineal Star"), headquartered in Houston, each of which were acquired by Camber as part of the merger announced in July, 2019. Lineal Industries has provided over six decades of upstream, midstream, and utilities pipeline maintenance, specialty construction and integrity services to Fortune 500 companies located in the states of Ohio, Pennsylvania, Virginia, West Virginia, Maryland and New York.

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy's (NYSE American:CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This press release may include "forward-looking statements" which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal and related transactions; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations (including the one described above), the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes 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 at http://www.sec.gov. The hyperlink to Evercon's website provided in this release above is for informational purposes only and the Company makes no representations regarding the information set forth on, or accessible through, such website, or the accuracy thereof, whatsoever.

Media Contact:

Interdependence PR
camber@interdependence.com

SOURCE: Camber Energy, Inc

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https://www.accesswire.com/562412/Camber-Energy-Subsidiary-Lineal-Star-Holdings-Completes-Purchase-of-80-Ownership-of-Evercon-Energy-LLC-in-College-Station-Texas

HOUSTON, TX / ACCESSWIRE / October 2, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, announced today its recently acquired subsidiary Lineal Industries, Inc. ("Lineal") www.LinealStar.com, has regained a major legacy customer lost by its prior owners before the purchase of the company by Lineal Star Holdings, LLC ("Lineal Star") in 2018. The customer is one of the largest wholesale distributors of refined petroleum products in the USA, with strategically located terminals in the Northeast, MidAtlantic and Southeast markets. Previously one of Lineal's most important clients, the prior Lineal owners pursued larger, more complex pipeline projects in lieu of the customary long-term maintenance projects Lineal Industries built its reputation on. Lineal Industries has now been awarded a number of pipeline integrity projects by the re-acquired customer, which reopens the company's opportunity to provide long-term maintenance and capital project services.

Tim Connolly, CEO of Lineal Star (the parent of Lineal) commented, "When we purchased Lineal Industries in 2018, we wanted to rebuild its 64-year-old business of integrity and pipeline services, rather than largely relying on large non repetitive capital projects. This new client work is a significant step in the right direction of executing our strategy of re-building Lineal Industries' previous long-term business strategy. We believe that a business built on many singles and doubles will eventually bring in home runs, and our Lineal Industries team should be proud of winning back this well-known legacy customer."

On another note, Mr. Connolly added, "We would also like to reassure our Camber shareholders that the pending audit and Form 8-K/A report concerning the Camber acquisition of Lineal Star and its subsidiaries is being pursued with all available resources and even with significant flooding in Houston last week, and additional unexpected documentation requirements from our auditors needed to complete the report, we are doing everything necessary to get this work completed as soon as possible."

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy's (NYSE American:CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This press release may include "forward-looking statements" which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal and related transactions; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes 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 at http://www.sec.gov.

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Interdependence PR
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SOURCE: Camber Energy, Inc

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HOUSTON, TX / ACCESSWIRE / September 26, 2019 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, today announced that its subsidiary Lineal Star Holdings, LLC ("Lineal"), has scheduled the closing to purchase Evercon Energy LLC (www.EverconEnergy.com), headquartered in College Station, Texas. Evercon provides pipeline solutions and field services, project management and inspection services, energy infrastructure maintenance, facilities construction, fabrication and Heavy Civil Construction services.

Craig Crawford, COO of Lineal commented, "Brian Stiles (Evercon's principal) and Evercon are a good fit with Lineal and the transaction will give us immediate access to Evercon's customer base in the central and south Texas market, which will allow us to more rapidly expand Lineal Star Holdings. Our closing is subject to the completion of our mutually agreed acquisition agreement and related documents, and we anticipate closing this transaction next week, on or around October 1 2019."

For more information about Camber Energy, investors can visit https://ir.camber.energy/.

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy's (NYSE American:CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This press release may include "forward-looking statements" which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal and related transactions; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations (including the one described above), the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes 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 at http://www.sec.gov. The hyperlink to Evercon Energy's website provided in this release above is for informational purposes only and the Company makes no representations regarding the information set forth on, or accessible through, such website, or the accuracy thereof, whatsoever.

Media Contact:

Interdependence PR
camber@interdependence.com

SOURCE: Camber Energy, Inc.

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https://www.accesswire.com/561104/Camber-Energy-Subsidiary-Lineal-Star-Holdings-Schedules-October-1-2019-Closing-Date-to-Purchase-Evercon-Energy-LLC-in-College-Station-Texas

HOUSTON, TX / ACCESSWIRE / September 5, 2019 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) based in Houston, Texas, today announced that its subsidiary Lineal Star Holdings, LLC (“Lineal”), has executed an LOI (non-binding) to purchase EverconEnergy LLC (www.EverconEnergy.com), headquartered in College Station, Texas. Evercon provides pipeline solutions and field services, project management and inspection services, energy infrastructure maintenance, facilities construction, fabrication and Heavy Civil Construction services. Brian Stiles, President and Founder of Evercon, will remain with the company as President and will retain aprofit interest in the company should the transaction be completed. Mr. Stiles commented, “We are excited about the prospects for growth with Lineal Star, and believe their reputation and support will help us leverage our contractual relationships throughout Texas, especially with the State’s recently announced $77 billion Texas Highway construction capital plan.”

Craig Crawford, COO of Lineal commented, “Evercon and Brian add key top tier relationships and capabilities in a strategic geographic area that enables us to use the capabilities within Lineal across new industry segmentsand geographies. We believe these synergies will bring growth and increased revenue, and, subject to the completion of due diligence, and our entry into a mutually agreed acquisition agreement, we anticipate closing this transaction in October 2019.”

For more information about Camber Energy, investors can visit https://ir.camber.energy/.

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy’s (NYSE American:CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This 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, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal and related transactions;change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations (including the one described above), the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. 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 at http://www.sec.gov. The hyperlink to Evercon Energy’s website provided in this release above is for informational purposes only and the Company makes no representations regarding the information set forth on, or accessible through, such website, or the accuracy thereof, whatsoever.

Media Contact:

Interdependence PR
camber@interdependence.com

SOURCE: Camber Energy, Inc

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HOUSTON, TX / ACCESSWIRE / September 3, 2019 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) based in Houston, Texas, announced today that its subsidiary Lineal Industries, Inc (“Lineal”), is nearing completion of a natural gas line that transports treated waste methane from a solid waste landfill into a consumer gas distribution system.

Tim Connolly, CEO of Lineal Star Holdings, LLC, Camber’s recently acquired parent of Lineal, commented, “We are proud of our role in safely and efficiently completing this unique project, directing waste gas to green gas and other productive consumer uses. When our industry needs a specialty construction team with the depth of experience to plan unusual work and reliably execute that plan, they think of Lineal. After all, we have a 64-year history of safely meeting our client’s unique objectives and completing challenging projects on budget and on time.”

For more information about Camber Energy, investors can visit https://ir.camber.energy/.

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy’s (NYSE American: CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This 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, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with our recent acquisition; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transactions and the ultimate terms of such acquisitions, if closed; and other risks described in Camber’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. 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 at http://www.sec.gov.

Media Contact:
Interdependence PR
camber@interdependence.com

SOURCE: Camber Energy, Inc

View source version on accesswire.com:
https://www.accesswire.com/558210/Camber-Energy-Subsidiary-Lineal-Industries-Completing-Construction-of-Alternative-Energy-Landfill-Waste-Gas-Gathering-Line

CHICAGO, IL / ACCESSWIRE / August 26, 2019 / Interdependence Public Relations announced today its partnership with Camber Energy (NYSE American:CEI) to launch an investor relations and public relations campaign for recently acquired Lineal Star Holdings. The Camber Lineal Star merger was announced in July 2019.

The Interdependence campaign will raise retail investor awareness of the merger and position the Camber Lineal Star merger as a forward-thinking and innovative investment. Lineal Star CEO Tim Connolly will act as spokesperson for the campaign. Connolly has more than 35 years of experience in public and private company investment, development and communication strategies, and has previously hosted his own nationally-broadcast business-focused radio show, “Corporate Strategies with Tim Connolly,” for 18 years.

The Camber Lineal Star merger is intended to expand the Lineal brand through planned acquisitions (subject to the ongoing availability of capital) and by developing complementary specialty engineering, procurement and construction energy infrastructure service businesses.The company also anticipates generating organic growth in upstream, midstream and downstream field services in Lineal StarHolding’s existing subsidiaries, Lineal Industries, Inc in Pittsburgh and newly formed Lineal Star, Inc, serving the Gulf Coast.

"Our team is excited about this opportunity to bring our leading-edge solutions on behalf of the Camber Lineal Star merger,” said Laura Waldron, Vice Present for Interdependence Public Relations. “Interdependence has a demonstrated track record of generating significant value telling our client’s story through strategically executed media placements in the most prestigious publications and platforms, bringing enhanced credibility to our client’s brands and leadership teams.”

Tim Connolly, Chief Executive Officer of Lineal - said that he is eager to work with Interdependence PR to bring its story to the investment community. “We believe in the favorable long-term fundamentals of the combined companies and the growth opportunities available to us in doing our part to safely and reliably maintain and expand the USA’s 2.7 million miles of pipelines throughout the country,” said Connolly. “We look forward to sharing our vision and strategies for growth in more detail while actively and transparently engaging with our Camber investor community.”

For more information about Camber Energy, investors can visit https://ir.camber.energy/.

About CAMBER ENERGY
Based in Houston, Texas, Camber Energy’s (NYSE American:CEI), primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

About LINEAL STAR HOLDINGS

Lineal, based in Houston, Texas, is the parent company of (a) 64-year-old Lineal Industries Inc. (“Lineal Industries”), based in Pittsburgh, Pennsylvania, and (b) Lineal Star Incorporated (“Lineal Star”), headquartered in Houston, each of which were acquired by the Company as part of the merger. Lineal Industries has provided over six decades of upstream, midstream, and utilities pipeline maintenance, specialty construction and integrity services to Fortune 500 companies located in the states of Ohio, Pennsylvania, Virginia, West Virginia, Maryland and New York.

About INTERDEPENDENCE PUBLIC RELATIONS
Established in 2012, Interdependence is a full-service digital PR, investor relations and media communications firm supercharged by the most advanced technology ever in public relations to maximize consistent media placements in prestigious media and industry outlets. It is an experience that stands apart. We power constant media placements for some of the most notable companies in the world from leading Silicon Valley venture backed startups to firms with billions of dollars in annual revenues. Our team consists of former journalists and veteran technology public relations experts. Our strong relationships with journalist and editors across the board at national and technology media outlets and leading technology trade and industry publications - gives us an unrivaled presence across the country and a competitive edge when it comes to strengthening our clients’ brand, investor relations and reputation.

Safe Harbor Statement and Disclaimer

This 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 Camber Energy’s current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” 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. These include, but are not limited to, risks relating to the absence or delay in receipt of shareholder approval of the issuance of shares of Camber Energy’s common stock in connection with its recent acquisition; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding Camber Energy may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common shareholders pursuant to conversions of Camber Energy’s Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in Camber Energy’s common stock trading prices as common stock shares issued upon conversion of its Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of Camber Energy’s preferred stock; risks relating to the redemption rights of Camber Energy’s preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to Camber Energy’s ability to maintain its NYSE American listing due to falling stock prices; risks relating to significant downward pressure on its common stock trading prices caused by sales of its common stock by its Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transactions and the ultimate terms of such acquisitions, if closed; and other risks described in Camber Energy’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber Energy if they cannot withstand the loss of their entire investment. The forward-looking statements in this press release are made as of the date hereof. Camber Energy 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 Camber Energy. Camber Energy's SEC filings are available at http://www.sec.gov.

Media Contact:

Laura Waldron
Interdependence PR
lwaldron@interdependence.com
(949) 777-2485

SOURCE: Camber Energy, Inc.

View source version on accesswire.com:
https://www.accesswire.com/557397/Interdependence-to-Launch-Investor-Relations-and-Public-Relations-Campaign-for-Camber-Energy-and-Subsidiary-Lineal-Star-Holdings-Campaigns-to-Position-Camber-and-Lineal-Star-as-Preeminent-Energy-Infrastructure-Solutions-Provider

Campaigns to Position Camber and Lineal Star as Preeminent Energy Infrastructure Solutions Provider

HOUSTON, TX / ACCESSWIRE / August 15, 2019 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) based in Houston, Texas, announced today its recently acquired subsidiary Lineal Industries, Inc (“Lineal”) www.LinealStar.com, has commenced work on a recently awarded contract from a master limited partnership owned by one of the top tier oil and gas companies in the United States. The project entails the construction of a new 12”, well pad to well pad gas pipeline system, running over 8,900 feet in South Western Pennsylvania. Budget for this project is approximately $2.3 million (US); the project is well underway and is anticipated to be completed within the next 90 days.

Louis Schott, Interim CEO of Camber Energy, commented, “We appreciate the confidence shown by the master limited partnership in awarding us this project, the second from this client in the last two weeks. This enables Lineal to keep its teams fully deployed and continues to drive the growth of our company in the pipeline specialty construction, maintenance and field services market.”

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy’s (NYSE American:CEI), primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This 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, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber 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. These include, but are not limited to, risks relating to the absence or delay in receipt of shareholder approval of the issuance of shares of our common stock in connection with our recent acquisition; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common shareholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transactions and the ultimate terms of such acquisitions, if closed; and other risks described in Camber’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q 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, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. 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 at http://www.sec.gov.

Contact:
info@camber.net

SOURCE: Camber Energy, Inc.

View source version on accesswire.com:
https://www.accesswire.com/556110/Camber-Energy-Sub-Lineal-Industries-Commences-Gas-Gathering-Line-Project-Budgeted-at-23-Million