EX-99.2 3 dex992.htm COMPANY SNAPSHOT

Key Market Statistics Key Market Statistics Stock Symbol ENRJ Headquarters San Antonio, TX Share Price $0.90 Shares Outstanding 72.3 Million (Diluted) Market Capitalization $65 Million (Diluted) Cash $3.5 Million Marketable Securities $1.9 Million Bank Debt $6.1 Million A Pure-Play Domestic A Pure-Play Domestic Onshore Oil Company Onshore Oil Company Eastern Kansas EnerJex owns leases covering approximately 13,000 net acres in Eastern Kansas and produces oil from shallow formations ranging in depth from 500-2,000 feet. EnerJex’s historical drilling success has exceeded 95% and its oil production is characterized by low decline rates with production lasting up to 40 years or more, providing repeatability and long life cash flow. The Company has identified more than 1,000 additional drilling prospects on its existing leases, some of which will be drilled deeper than the primary target to explore additional zones that may be productive and have yet to be tested. South Texas EnerJex owns leases covering approximately 9,100 gross acres in South Texas focused in two separate oil projects. The Company’s El Toro Project is an undisclosed oil resource play in which EnerJex has leased 7,100 gross acres and completed 9 vertical wells spanning a distance of approximately 8 miles, all of which encountered oil in the target reservoir. Numerous attractive offset drilling locations have been established and the project area holds the potential for hundreds of oil wells. The Company’s Lonesome Dove Project consists of 2,000 gross acres located in Lee County adjacent to the prolific Giddings Field which has produced 380 million barrels of oil and 2.1 trillion cubic feet of natural gas primarily from the Austin Chalk formation. EnerJex is targeting oil from the Austin Chalk and Taylor Sand formations. Asset Overview Asset Overview EnerJex Resources, Inc. (ENRJ) is a pure-play domestic onshore oil company with assets located in Eastern Kansas and South Texas. The Company’s primary business is to explore, develop, produce, and acquire oil properties onshore in the United States. EnerJex presently owns a majority interest in approximately 500 producing oil wells and has identified more than 1,000 additional drilling prospects on its existing leases. 1600 N.E. Loop 410, Suite 104 | San Antonio, TX 78209 | TEL 210.451.5545 | WWW.ENERJEXRESOURCES.COM Eastern Kansas Oil Reserves Eastern Kansas Oil Reserves Reserve Category Barrels of Oil Future Net Cash Flow PV-10 Value Proven 3,275,584 $159,150,266 $61,599,496 Probable 1,192,410 $54,343,560 $18,188,302 Possible 1,873,630 $84,579,739 $21,417,864 Total 6,431,623 $297,073,565 $101,205,662 March 4, 2011 Exhibit 99.2 Based on EnerJex’s 9/30/10 reserve report assuming NYMEX strip pricing as of 11/30/10 and J&J Operating’s (Acquired by EnerJex) reserve report as of 12/1/10 assuming NYMEX strip pricing as of 11/19/10. Company Profile

Recent Accomplishments Acquired operating equipment for $230,000 and brought operations in-house. Expected annual cost savings of at least $500,000. Favorably restructured Joint Development Agreement related to one of EnerJex’s largest assets in Eastern Kansas. Significantly increased the Company’s oil reserves and associated value. Reestablished oil production on numerous leases that had been neglected and required maintenance work. Expected to add 25+ barrels of daily oil production at minimal cost. Sold non-core assets for $1.4 million and secured $650,000 of project financing to begin development of a non-core Eastern Kansas oil field in which EnerJex will retain a 30% interest. Added meaningful new oil hedges in strong price environment and eliminated low price vintage hedges. Began active drilling program on multiple oil leases in Eastern Kansas. Completed more than 10 wells year to date with a 100% success rate and multiple rigs are actively drilling. Go Forward Plan Aggressively increase oil production and reserves in Eastern Kansas. Significantly reduce operating expenses and increase cash flow. Leverage stable cash flow base to further develop high-impact El Toro Project in South Texas. Advance stock listing to NYSE-AMEX or NASDAQ 1600 N.E. Loop 410, Suite 104 | San Antonio, TX 78209 | TEL 210.451.5545 | WWW.ENERJEXRESOURCES.COM Transformation EnerJex was transformed through a comprehensive transaction that closed on December 31, 2010: Management and the board of directors were completely reconstituted. 100% of the senior secured debentures were converted into common equity at $0.80 per share. $25 million of acquisitions in exchange for stock. $5 million raised through common equity offering. ENERJEX IS FOCUSED 100% ON CREATING PER-SHARE VALUE FOR STOCKHOLDERS Transformation