8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 26, 2007

ENERJEX RESOURCES, INC.

(Name of small business issuer in its charter)

Nevada	000-30234	13-3349556
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

7300 W. 110th, 7th Floor Overland Park, KS	66210
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (913) 693-4600

Copies of Communications to:

Stoecklein Law Group

402 West Broadway, Suite 400

San Diego, CA 92101

(619) 595-4882

Fax (619) 595-4883

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 1 – Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

On September 27, 2007, DD Energy, Inc. (“DD”), the Registrant’s recently formed wholly owned subsidiary, entered into a purchase and sale agreement (the “Agreement”) with an effective date of September 1, 2007, whereby DD acquired seven oil leases in eastern Kansas for $2.7 million. The seven leases are in Johnson, Anderson and Linn counties in eastern Kansas and currently produce approximately 50 barrels of oil equivalent per day (BOPD). In addition to the seven oil leases, DD acquired a 100% working interest and 1,500 gross acres of leaseholds.

A copy of the Agreement is attached hereto as Exhibit 10.32.

Section 7 – Regulation FD

Item 7.01 Regulation FD Disclosure.

The Registrant’s CEO intends to deliver a presentation this week and over the next several months to investors and the general public. The Registrant’s presentation will address its present and future business prospects. A copy of the presentation is attached hereto as Exhibit 99.1.

In addition, the Registrant has recently completed a corporate brochure, which is attached hereto as Exhibit 99.2.

The presentation and brochure contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are necessarily based on certain assumptions and are subject to significant risks and uncertainties. These forward-looking statements are based on management’s expectations as of September 27, 2007. The Registrant does not undertake any responsibility for the adequacy, accuracy or completeness or to update any of these statements in the future. Actual future performance and results could differ from that contained in or suggested by these forward-looking statements.

Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves as defined in Rule 4-10(a) of Regulation S-X. The presentation may contain certain terms such as probable reserves and possible reserves, which the SEC’s guidelines strictly prohibit the Registrant from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in the Registrant’s Form 10-KSB, File No. 000-30234, available from the Registrant at 7300 W. 110^th, 7^th Floor, Overland Park, Kansas 66210. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

Section 8 – Other Events

Item 8.01 Other Events.

On September 26, 2007, a press release announced that the Registrant’s CEO was featured in an exclusive interview with www.wallst.net on September 28, 2007. A copy of the press release is attached hereto as Exhibit 99.3.

On September 27, 2007, the Registrant issued a press release announcing the DD Energy, Inc. acquisition of seven oil leases in Eastern Kansas for $2.7 million. A copy of the press release is attached hereto as Exhibit 99.4.

On October 1, 2007, the Registrant issued another press release reporting an update to operating activity completed by its wholly owned operating subsidiary Midwest Energy, Inc. through the period ended September 30, 2007. A copy of the press release is attached hereto as Exhibit 99.5.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(a) Exhibits.

Exhibit Number	Description
10.32	Purchase and Sale Contract dated September 27, 2007
99.1	Investor Presentation
99.2	Brochure
99.3	Press Release dated September 26, 2007
99.4	Press Release dated September 27, 2007
99.5	Press Release dated October 1, 2007

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.

By:/s/Steve Cochennet

Steve Cochennet, Chief Executive Officer

Date: October 1, 2007

EX-10

PURCHASE AND SALE CONTRACT

This Purchase and Sale Contract is made and entered into this 27^th day of September, 2007, with an effective date of September 1, 2007, by and between each of the sellers listed on the signature page hereto (individually and collectively “Seller”) and DD Energy, Inc., a corporation incorporated under the laws of the State of Nevada (“Buyer”).

RECITALS:

A.        Seller owns certain oil leases in Anderson, Johnson, and Linn Counties Kansas as set forth and described in the attached Exhibit B (the “Leases”). The Leases are subject to certain encumbrances and overriding royalties as set forth on Exhibit B attached hereto.

B.        Buyer desires to purchase and assume the Leases and all existing equipment on the Leases.

AGREEMENT:

1.         Consideration: Buyer shall pay Seller the sum of $2,700,000 (the “Purchase Price”) payable as follows:

a.         $1,735,000 in certified funds or wire transfer at Closing, as hereinafter defined; and

b.         Promissory notes (the “Notes”) in the aggregate amount of $965,000 and in the specific amounts set forth for each Seller on Exhibit A. A form of the Notes is attached hereto as Exhibit C. The Notes shall be secured by a second mortgage and security agreement on the Leases (the “Mortgage”) in the form attached hereto as Exhibit D. Closing shall occur at the offices of Cornerstone Bank at 11:00 a.m. Kansas time on September 27, 2007, or such other time or date as may be agreed upon in writing by the parties.

c.         The Purchase Price shall be paid to the Seller as their respective interests are shown on Exhibit A.

2.         Adjustments to Consideration: In addition to the Purchase Price, Buyer shall pay to J & J Operating, LLC (“Agent”) for distribution to the Seller the following:

a. $26,000 for oil in the tanks located on the Leases as of August 31, 2007;

b.         The amount of all invoices paid by or to be paid by Agent for operating expenses (including, without limitation, salaries, equipment costs, utilities, and vendors) on the Leases from September 1, 2007 through the Closing Date. Agent shall provide Buyer with a statement of such operating expenses on or before October 10, 2007 (the “Statement”). Buyer shall pay Agent within ten (10) days after receipt of the Statement. Agent shall distribute the above amount to the Seller within ten (10) days of receipt of funds from Buyer; and

c.         Seller shall be liable for, pay, and hold Buyer harmless from, all ad valorem and personal property taxes assessed against the property for 2006 and all prior years. Ad valorem and personal property taxes for 2007 shall be pro-rated between the parties as of the date of closing. Buyer shall be liable for, pay, and hold Seller harmless from taxes for 2008 and subsequent years. All severance and other gross production, collection, or use taxes to date of closing and attributable production prior to date of closing shall be paid by Seller. Such taxes attributable to production from and after date of closing shall be paid by Buyer.

3.         Extension of Payment on the Notes: If Buyer is not otherwise in default under the terms of the Notes, Buyer may extend the due date for the payment on the Notes by thirty (30) days in exchange for a non-refundable payment to Seller in the aggregate amount of $50,000 or sixty (60) days in exchange for a non-refundable payment to Seller in the aggregate amount of $100,000 (the “Extension Payment”). The Extension Payment shall be in certified funds or wire

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transfer and shall be delivered to each Seller as each Seller’s interest appears on Exhibit A at the address set forth in the Note prior to the due date set forth in the Note. Any Extension Payment shall be in addition to the Purchase Price.

4.         Transfer: Seller shall transfer the Leases to Buyer free and clear of any liens or encumbrances but subject to those liens or encumbrances identified on the title opinions attached hereto as Exhibit E. Each transfer shall be memorialized in an Assignment, Bill of Sale and Conveyance (“Assignment”) as set forth in Exhibit F. Seller and Buyer shall execute and acknowledge the Assignment. At Closing, Seller shall deliver the Assignment in sufficient counterparts to facilitate filing and recording to Buyer.

5.         Broker: The parties represent and warrant that neither party has incurred any obligation or liability for broker’s or finder’s fees in respect of this Agreement, or the transactions contemplated hereby.

6.         Personal Property: This sale shall include all fixtures such as sheds, buildings and offices but does not include any personal property such as vehicles or any other items of property not affixed to and in use upon a Lease.

7.         “As Is” and “Where Is”: Except for the representations and warranties specifically set forth in this agreement and/or the instruments delivered to Buyer at closing, the Sellers (and their respective officers, directors, shareholders, agents, and attorneys), make no warranties, express or implied, with respect to the quality, design, physical condition, fitness for a particular purpose, production volumes, profitability or capacity of any of the Leases. Except as expressly set forth herein or in the instruments delivered to Buyer at closing, all such Leases, wells, equipment and fixtures are sold and delivered to Buyer “as is” and “where is” in the condition existing on the date hereof with reasonable exception for normal wear and tear. Buyer assumes

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all risks that the Leases may contain waste materials (whether toxic, hazardous, extremely hazardous or otherwise) or other adverse physical conditions, including, but not limited to, the presence of unknown abandoned oil and gas wells, water wells, sumps, pits, pipelines or other waste or spill sites which may or may not have been revealed by Buyer’s investigation. Responsibility and liability related to all such conditions, whether known or unknown, fixed or contingent, will be transferred from Seller to Buyer, subject to Section 14 hereof.

8.         Additional Remedies Upon Default: Upon the failure of the Buyer to make any payment on the Note when due or upon the failure of the Buyer to perform any material obligation pursuant to this Agreement, the Note, or the Mortgage (a “Default”), in addition to any other remedy Seller has or may have pursuant to this Agreement, the Note, or the Mortgage, at law or in equity, Seller shall have the right to repossess the Leases as set forth in the Mortgage, subject to the first mortgage and security position of Cornerstone Bank. Upon a Default, Seller shall provide Buyer written notice at least thirty (30) days prior to commencing repossession proceedings, in order to allow Buyer to cure the Default.

9.         Further Assurances: The parties agree to cooperate as reasonably requested by any other party to effectuate the assignments and pledges in the Agreement, the Notes and the Mortgage. Such cooperation includes the execution of documents required by governmental agencies and/or third parties to effectuate any of the foregoing, including, without limitation Form T-1 documents.

10.       Governing Law: This Agreement will, in all respects, be subject to, construed and enforced in accordance with the laws of the State of Kansas, without regard to principles of conflict of laws. The Parties do hereby irrevocably submit, agree, attorn, and consent to the personal and exclusive jurisdiction of the District Court of the State of Kansas in a County where

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the Leases are located for any judicial or quasi-judicial proceeding for all other matters arising out of or in connection with this Agreement.

11.       Entire Agreement: This Agreement constitutes the entire agreement of the Parties relative to the subject matter contained herein, and there are no oral or other representations or warranties connected with the subject matter hereof. This Agreement supersedes all prior agreements between the Parties relating to the subject matter contained herein.

12.       Binding Effect: This agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their respective heirs, successors, assigns and legal representatives.

13.       Miscellaneous: Time is of the essence of this Agreement. This contract may be executed in counterparts, each of which shall be deemed an original or multiple originals, and all such counterparts or originals shall for all purposes constitute one agreement. For purposes of this contract and any addenda, attachments or amendments hereto, Buyer and Seller agree to accept facsimile (fax) signatures and initials as originals. Indemnifications and warranties, if any, contained herein shall survive the closing and shall not be deemed merged in, or extinguished upon delivery of, instruments of conveyance executed and delivered at closing. Seller and Buyer acknowledge that they have each had ample and adequate opportunity to obtain independent legal and tax advice concerning this agreement. Except as otherwise specifically provided, all fees, costs and expenses incurred by Seller or Buyer in negotiating this Agreement or in consummating the transaction contemplated by this Agreement shall be paid by the party incurring same, including, without limitation, legal and accounting fees, costs and expenses.

14. Representations and Warranties of Seller

(a)       Existence. Seller are either individuals or entities duly formed, validly existing and in good standing under the laws of the states in which they are formed.

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(b)       Power. Seller has the power to enter into and perform this Purchase and Sale Contract and the transactions contemplated by this Purchase and Sale Contract. Subject to filings with or other actions by governmental entities where the same are customarily obtained subsequent to the assignment of oil and gas interests, the execution, delivery and performance of this Purchase and Sale Contract by Seller, and the transactions contemplated by this Purchase and Sale Contract, will not violate (i) any provision of the certificate or agreement of formation of Seller, (ii) any material agreement or instrument to which Seller is a party or by which Seller or any of the Leases are bound, (iii) any judgment, order, ruling, or decree applicable to Seller as a party in interest, or (iv) any law, rule or regulation applicable to Seller relating to the Leases other than a violation which would not have a material adverse effect on Seller or the Leases.

(c) Authorization and Enforceability. The execution, delivery and performance of this Purchase and Sale Contract, and the transaction contemplated hereby, have been duly and validly authorized by all necessary action on the part of Seller. This Purchase and Sale Contract constitutes the valid and binding obligation of Seller, enforceable in accordance with its terms except as such enforceability may be limited by applicable bankruptcy or other similar laws affecting the rights and remedies of creditors generally as well as to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

(d)       Claims, Litigation and Title. There are no claims, actions, suits or proceedings pending or threatened against Seller which, if determined adversely to Seller, would have a material adverse affect on the Leases or which would materially and adversely affect Seller's ability to perform its obligations under this Purchase and Sale

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Contract. All Wells are free and clear of all liens, encumbrances, obligations or defects. Seller shall indemnify Buyer for all Title Defects.

(e) Taxes and Assessments. All ad valorem, production, severance, excise, and similar taxes and assessments based upon or measured by the ownership of or the production of hydrocarbons from the Leases which have become due and payable have been properly paid by Seller, all applicable tax returns have been filed, and Seller knows of no claim by any applicable taxing authority against Seller in connection with the payment of such taxes.

(f)        Consents and Preferential Rights. All required notices in respect of consents to assignment and preferential rights to purchase relating to the Leases have been obtained by Seller on forms customarily used in the industry and shall be furnished to Buyer at Closing.

(g)       Environmental Laws. The Leases and related operations are not subject to any existing or threatened suit, investigation, or proceeding related to any obligation under any Environmental Law. As used in this Purchase and Sale Contract, the term "Environmental Laws" shall mean any and all laws, regulations, ordinances and judicial interpretations pertaining the prevention, abatement or elimination of pollution or to the protection of public health or the environment that are in effect in all jurisdictions in which any of the Leases or related operations are located or conducted, including, without limitation, the federal Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA"), the Resource Conservation and Recovery Act, the Clean Water Act, the Safe Drinking Water Act, the Toxic Substance Control Act, the Hazardous Materials Act and the Clean Air Act. Seller shall indemnify and be responsible for all

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Environmental Defects, known or unknown, on the Leases prior to September 1, 2007. Environmental Defect means a condition in, on or under the Leases (including, without limitation, air, land, soil, surface and subsurface strata, surface water, ground water, or sediments) that causes a Lease or well to be in material violation of an Environmental Law or a condition that can reasonably be expected to give rise to costs or liability under applicable Environmental Laws.

(h)       Sale of Production. No hydrocarbons produced from such Leases or existing as in-ground reserves in such Leases are subject to a sales contract (other than a contract or division order terminable upon no more than 30 days notice), and no person or entity other than a lessor under the Leases has any call upon, option to purchase or similar rights with respect to production from such Leases. Seller is receiving proceeds from the sale of production from the Wells from the production purchasers or from operator(s) of the Leases in a timely manner, and the proceeds payable to Seller are not being held in suspense by any production purchaser or operator.

(i)        Leases. The Leases are in full force and effect and are valid and existing documents covering the entire estates which they purport to cover; all royalties, rentals and other payments due under the Leases which are the responsibility of Seller to pay have been fully, properly and timely paid; no party to any Lease is in breach of any provision thereof; no such breach has been alleged by any lessor; the Leases, other than federal Leases, do not contain express development obligations; and all conditions necessary to keep the Leases in force have been performed.

(j)        Further Assurances. From September 1, 2007 until the Closing, Seller has not: (i) entered into any new agreements or commitments with respect to the Leases; (ii)

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incurred any liabilities other than in the ordinary course for normal operating expenses associated with individual Wells; (iii) abandoned, or consented to abandonment of, any producing or shut-in Well or any injection well located on the premises associated with the Assets, nor released or abandoned all or any portion of the Leases; (iv) modified or terminated any of the agreements relating to the Leases or waived any right thereunder; and (v) encumbered, sold or otherwise disposed of any of the Leases other than personal property which is replaced with equivalent property or consumed in the ordinary course of operation of the Leases and other than hydrocarbons sold in the ordinary course of business.

(k)       Material Purchase and Sale Contracts. All agreements with respect to which Seller is a party and Buyer is not a party and that are material to the ownership or value of the Leases are set forth on Exhibit G attached hereto and incorporated herein by this reference and, as to such agreements, (i) all are in full force and effect; (ii) all payments due thereunder have been made by Seller; (iii) Seller is not in breach or default thereunder; (iv) no other party is in breach or default with respect to its obligations thereunder; and (v) neither Seller nor any other party to any such contract has given or threatened to give notice of any action to terminate, cancel, rescind or procure a judicial reformation of any such contract.

15.       Waiver of Jury Trial: THE PARTIES EACH IRREVOCABLY WAIVE ANY AND ALL RIGHTS TO A TRIAL BY JURY IN ANY PROCEEDINGS OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT AND FURTHER AGREE NOT TO PLEAD OR CLAIM ANY RIGHTS TO A TRIAL BY JURY IN SUCH PROCEEDING.

(Balance of This Page Intentionally Left Blank)

{Signature Page to Follow}

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“BUYER”

DD ENERGY, Inc.

by:/s/Steve Cochennet

Steve Cochennet

President/CEO

“SELLER”

MALLARD MANAGEMENT, INC. ENUTROFF, LLC

by:/s/James D. Loeffelbein By:/s/James D. Loeffelbein

James D. Loeffelbein James D. Loeffelbein

President Member

COAL CREEK ENERGY, LLC MORMEG, LLC

by:/s/James D. Loeffelbein By:/s/James D. Loeffelbein

John Loeffelbein Mark L. Hass

Member Member

/s/Giannino Smania /s/Johnathon L. Haas

GIANNINO SMANIA JOHNATHON L. HAAS

/s/Allyn Self /s/Linda Self

ALLYN SELF LINDA SELF

J & J OPERATING COMPANY, LLC

By:/s/John Loeffelbein

John Loeffelbein

Member

EX-99

Fall 2007

EnerJex Presentation

FORWARD-LOOKING STATEMENTS

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform
Act of 1995.  All statements other than statements of historical fact are “forward-looking statements” for purposes of
federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial
items; any statements of the plans, strategies and objections of management for future operations; any statements
concerning proposed new services or developments; any statements regarding future economic conditions or
performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect”
or “anticipate” or other similar words.  These forward-looking statements present our estimates and assumptions only
as of the date of this report.  Except for our ongoing securities laws, we do not intend, and undertake no obligation, to
update any forward-looking statement.

Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual
results could differ materially from those projected or assumed in any or our forward-looking statements.  Our future
financial condition and results of operations, as well as any forward-looking statements, are subject to change and
inherent risks and uncertainties.  The factors impacting these risks and uncertainties include, but are not limited to:

potential default under our secured obligations;

a default under any material debt agreements

increases in interest rates or our cost of borrowing;

deterioration in general or regional economic conditions;

adverse state or federal legislation or regulation that increases the costs of compliance, or   
adverse findings by a regulator with respect to existing operations;

inability to achieve future sales levels or other operating results;

fluctuations in the price of oil and gas;

the unavailability of funds for capital expenditures; and

operational inefficiencies in our operations.

For a detailed description of these and other factors that could cause actual results to differ materially from those
expressed in any forward-looking statement, please see “Factors That May Affect Our Results of Operations” in this
document.

Established in 2005

Aggressively implementing an aggregation roll-up business plan

3 strategic transactions completed within the last 6 months

$20.1 million

Enterprise Value…………….….

$18.2 million

Market Capitalization*…………

Overland Park, KS

Corporate Headquarters….…...

West Coast Capital (WCAM)
Enable Capital, Glacier Asset
Capital

Key Investors……………………

$0.82

Current Share Price*….…..……

OTC.BB

Exchange………….……………..

EJXR

Symbol ………………………..…

EnerJex Overview

*as of 9/27/2007

Source: KS Geological Survey

The Opportunity

The mid-continent region and more specifically,
the state of Kansas, has historically been one
of the top 10 domestic oil producing regions.

For the year-ended December 31, 2006 the
state of Kansas produced 35.7 million barrels
of oil.

Of the total barrels produced in the state, 15
companies accounted for 30% of the total
35.7 million barrels.

The remaining 70%, or 25 million barrels, came
from approximately 23,000 different operators

Business Plan

“Focus on the Mid-continent Region”: We believe that a confluence of
the following events in the mid-continent region make it an attractive area
for acquisition:

Diamonds in the Rough: Lack of perceived excitement for
companies compared to the Barnett Shale, Texas, Louisiana, etc.

Grass roots presence giving us access to negotiated transactions vs.
competitive bidding on fundamentally sound assets

Extremely inefficient and fragmented ownership structure.  
Opportunity to materially capture value for companies with access to
capital

First mover advantage resulting in significant growth potential in a
focused area, attractive acquisition costs and overall economics

Small operators with scattered interests provides an unique
opportunity to aggregate and arrive at a significant presence

Current Projects

Black Oaks Field: $2.0 million investment in a development
program to be completed by year end 2007

Gas City:  $1.2 million initial investment, plus new exploration and
development agreement with Euramerica Energy, Inc.

Thoren Lease: $400,000 acquisition and subsequent investment of
$500,000 in a development program

Tri-County:  $800,000 acquisition in September 2007

DD Energy:  $2.7 million acquisition in September 2007

Total investment to date = $7.6 million

Strong Regional Presence

Black Oaks Project

Gas City Field

Thoren Project

Tri-County Project

DD Energy

Oil reserve acquisition totaling 1.3 million net barrels to EnerJex

Privately negotiated transaction with successful, well respected operator –  
Hass Petroleum

95% working interest until payout

Total drillables are projected to exceed 150 wells

CAPEX budget of $4.0 million by year end 2007.  Invested $2.0 million in
the ground as of September 30, 2007

Prime waterflood candidate (adjacent and analogous to a successful  
ARCO field)

Phase 2 Development Plan is projected to include an additional $5 million
in capital investment

Overview - Black Oaks Field

Overview: Gas City

6,500 acres of oil and gas leases

11 existing wells completed as natural gas producer wells

Gas gathering system

Compressor, tap and dehydration system tied to an interstate pipeline

One salt water disposal well and disposal system

80 additional drilling locations

Recent Agreement with Euramerica Energy

Overview: Thoren Lease

Acquired a 240 acre lease with a 100% working interest

Acquired 12 oil wells, 4 water injection wells and 1 water supply well

Acquired .847 net revenue interest on production and current
production is approximately 36 barrels of oil per day

Upon payout of the purchase price the former owner will be assigned
a 25% working interest

Phase 1:

Completion of the original planned spend of $500,000

As of August 31, 2007: 18 wells drilled – 11 producer wells and 7
water injection wells

Phase 2:

Plan to invest $300,000 by year end to develop wells

Overview: Tri-County

Acquired 10 leases encompassing 1,100 gross acres

100% working interest

Current production of approx. 40 BOEPD

In excess of 100 additional drilling locations

Overview: DD Energy

Acquired leases encompassing 1,500 gross acres

100% working interest

Current production of approximately 50 BOEPD

Up to an additional 150 drilling locations

Summary of Shallow Oil
Acquisition Investments

40 BOPD

$800,000

Tri-County

50 BOPD

$2.7 million

DD Energy

35 BOPD

$900,000

Thoren

Production

Investment

Project

Aggregated to date 125 BOPD at a cost of $4.3 million or

   approximately $34,000 per producing barrel

In excess of 350 drillable locations.  Reserve report with

   updates will be available within 45 days

Balance Sheet Highlights

(as of June 30, 2007)

Cash and other current assets$6.3 million

Oil and gas properties using full cost accounting$1.9 million

Long term debt, maturing March 31, 2010$9.0 million

Common stock $.001 par value, 100,000,000 shares

authorized; 22,203,256 shares issued and outstanding

Total stockholders’ equity (deficit)              ($  1,013,254)

Note:  September 30 balance sheet will change considerably due to

acquisitions, drilling activity and production improvements

Financial Highlights

Statement of Cash Flows Highlights

(for the 3 months ended June 30, 2007)

Cash used in operating activities    ($379,330)

Cash used in investing activities ($1,600,442)

Cash provided from financing activities $8,020,022

Stock and options issued for services $2,018,655

Note:  September 30 cash flow statement will change considerably due

to acquisitions, drilling activity and production improvements

Financial Highlights

Management

C. Stephen Cochennet – Director and CEO                              
Prior to helping form EnerJex in 2005, Mr. Cochennet was the President of CSC Group, a strategic consulting
group working with Fortune 500 Companies as well as emerging and start-up companies in a variety of
capacities including facilitating capital formation. Prior to founding CSC Group in 2002, Mr. Cochennet spent
16 years with Aquila.

Mark Haas – Executive Consultant & Operations                     Manager for Black Oaks Field

Mr. Haas has been the President of Haas Petroleum, LLC, an oil and natural gas operator, since its inception
in 1974. He has also been the President of Skyy Drilling Co., a full service drilling company, since it was
formed in 2002. From 1970 until 1974, Mr. Haas worked for his father at Haas Oil Company. Since forming
his own company in 1974, Mark has grown from being a small producer to becoming one of the top 60 (out of
1,746 total in 2006) oil producers in the state of Kansas.

Dede Jones – Director of Finance and Accounting

Ms. Jones is a certified public accountant and internal auditor.   She spent four years at Arthur Anderson
before joining Missouri Public Service in 1989 as an internal auditor.  She was promoted to audit director of
West Plains Energy in 1993.

Brad Kramer – Project Manager

Mr. Kramer has extensive experience in eastern Kansas including three years as a project manager.  He
joined EnerJex in April 2007.

Board of Directors

Robert G. Wonish

Mr. Wonish is currently the President of Petroleum Engineers, Inc., a subsidiary of Stratum
Holdings, Inc. (OTCBB: STTH) as well as the President of CYMRI, L.L.C.

Daran G. Dammeyer

Mr. Dammeyer is President of D-Two Solutions through which he supports clients by primarily
providing merger and acquisition support, strategic planning, budgeting and forecasting
process development and implementation.

Darrel G. Palmer

Darrel G. Palmer serves as president of Energy Management Resources, an energy process
management firm serving industrial and large commercial companies throughout the United
States and Canada.

Summary

EnerJex will have the “First Mover Advantage” in an area that has
been under the radar screen

EnerJex enacts a proven business model to withstand market
volatility

Early stage opportunity with tremendous growth potential for
significant long term investor return

Acquisition opportunities that are only available to EnerJex

Favorable negotiated transactions vs. competitive bids

Partnerships with the best regional grass roots businesses in their
respective fields

Management aligned with stockholders through equity interest in
company

EX-99

Press Release Source: EnerJex Resources, Inc.

EnerJex Resources Acquires Oil Leases with Current Production of 50 BOPD and in Excess of 150 Additional Drillables

Thursday September 27, 4:00 pm ET

Acquisition adds to eastern Kansas footprint

OVERLAND PARK, Kan., Sept. 27 /PRNewswire-FirstCall/ -- EnerJex Resources, Inc. (OTC Bulletin Board: EJXR - News; "EnerJex") today reported it has acquired seven oil leases in eastern Kansas for $2.7 million. The proven (PDP) and proved undeveloped (PUD) PV 10 value of the leases purchased is in excess of $10 million dollars. The seven leases are in Johnson, Anderson and Linn counties in eastern Kansas and currently produce approximately 50 barrels of oil equivalent per day (BOPD). The acquisition closed today, with an effective date of September 1, 2007. EnerJex purchased a 100% working interest and 1,500 gross acres of leaseholds. EnerJex plans to eventually expand drilling on the property having identified over 150 additional drilling locations

The acquisition was funded with a combination of traditional bank and seller financing. Cornerstone Bank, Overland Park, Kansas funded $1.735 million of the purchase price at an 8.5% annual fixed rate for a term of 48 months. In addition, Cornerstone Bank will consider re-advancing funds up a $1.0 million under a revolver on the loan to further develop the leaseholds acquired to meet working capital needs once production and reserves meet Cornerstone's lending parameters. The sellers financed the remaining $965,000 with a one year balloon note at a fixed rate of 5%.

Steve Cochennet, EnerJex's Chairman and CEO, said, "This is the first acquisition for EnerJex that includes traditional bank financing and further demonstrates our progress towards maturing as a regional oil and gas development company. With this acquisition, EnerJex now has operations in nine eastern Kansas counties with total production of over 200 BOPD and over 400 additional drilling locations. This acquisition further expands the foundation for an aggressive drilling program in 2008 once we secure additional funding."

EnerJex's wholly owned operating subsidiary, Midwest Energy Inc., will operate the wells located on the acquired leases. EnerJex intends to immediately begin working to maximize the production and secondary recovery efforts.

About EnerJex Resources, Inc.

EnerJex is an oil and natural gas acquisition, exploration and development company. Operations, conducted solely through Midwest Energy Inc., its wholly owned operating subsidiary, are focused on the mid-continent region of the United States. EnerJex acquires oil and natural gas assets that have existing production and cash flows.

Once acquired, EnerJex implements an exploration and development program to accelerate the recovery of the existing oil and natural gas as well as to explore for additional reserves.

More information on EnerJex and its operations can be found on its website: http://www.EnerJexResources.com.

Forward-Looking Statement

The forward-looking statements in this press release regarding the acquisition of the leases, current daily BOPD production, current operations, future outlook, and any other effects resulting from any of

the above statements involve risks and uncertainties. Such risks and uncertainties, include, but are not limited to: the continued production of oil at historical rates; availability of the revolver from Cornerstone; actual BOPD production; actual new drillable locations on the leases and on EnerJex's other properties; costs of operations and development; integration of the acquired leases into EnerJex's operations; delays, and any other difficulties related to producing oil; rig availability; price of oil; exploitation and exploration successes; marketing and sales of produced minerals; risks and effects of legal and administrative proceedings and governmental regulation; ability of EnerJex to secure additional funding in 2008; actions taken and to be taken by the government as a result of political and economic conditions; future financial and operational results; competition; general economic, market or business conditions; and the ability to manage and continue growth. Although EnerJex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

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 EnerJex makes in this news release include market conditions and those set forth in reports or documents EnerJex files from time to time with the Securities and Exchange Commission (SEC). 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.

Source: EnerJex Resources, Inc.

EX-99

Press Release Source: EnerJex Resources, Inc.

EnerJex Reaches 200 BOPD with Strong Drilling Initiative

Monday October 1, 8:30 am ET

The company has over 400 drilling locations to continue its aggressive expansion program

OVERLAND PARK, Kan., Oct. 1 /PRNewswire-FirstCall/ -- EnerJex Resources, Inc. (OTC Bulletin Board: EJXR - News; "EnerJex") today reported an update to operating activity completed by its wholly owned operating subsidiary Midwest Energy, Inc. (Midwest) through the period ended September 30, 2007.

Steve Cochennet, EnerJex's Chairman and CEO, noted, "This month we also closed on two acquisitions, Tri-County and DD Energy, which added approximately 90 barrels of oil equivalent per day (BOPD) and over 250 new drilling locations to our Midwest Energy operations. The acquisition of DD Energy included traditional bank financing and further demonstrates, along with our continued production increases, EnerJex's progress towards becoming a regional oil and gas development company."

Midwest's production for the period was approximately 200 barrels per day equivalent. This is up from 117 barrels per day equivalent for the period ended August 31, 2007, an increase of approximately 71 percent. Plus, Midwest now has approximately 400 drilling locations in nine eastern Kansas counties to continue its expansion plans.

Operational Update By Area:

Black Oaks Project

Midwest has finished drilling 31 wells, bringing the total new well inventory to five injection wells and 26 producing wells. Of the 26 producing wells, 16 have been completed. In addition, all of the five injection wells have received state approval to begin water injection. Initial flow rates on injection wells are between thirty and 40 barrels per well. Midwest does not anticipate a response to the secondary recovery development program until 2008.

Midwest plans to drill a minimum of four additional producing wells bringing its year-end new producing well total to 30 and year-end injectors to five. Midwest anticipates it will have all wells on-line by the end of November.

Midwest has received preliminary results from its seismic activity and is currently evaluating potential deeper well locations.

Thoren Project

Midwest finished drilling and has recently completed 18 wells; 11 producing wells and seven injection wells. Plans include drilling an additional 10 producing wells by the end of October. All seven injector wells drilled have been approved and are currently on-line.

Gas City Project

Midwest is currently completing right-of-way and drilling title opinions per the Euramerica agreement and anticipates drilling to commence by mid-October. Midwest has filed drilling intents for the first five wells and will determine the next steps once additional data has been acquired.

Tri-County Project

On September 14, 2007, EnerJex acquired nine leases in eastern Kansas for $800,000. The wells currently produce approximately 40 BOPD. The acquisition also includes 100 percent working interest and 1,100 gross acres of leaseholds with up to 100 additional drilling locations.

Midwest has started plans to work-over many of the existing wells to maximize production and secondary recovery efforts. In addition, Midwest has begun the process of pulling and washing wells in order to bring the acquired leases up to full capacity.

DD Energy

Effective September 1, 2007, EnerJex acquired 7 oil leases in eastern Kansas for $2.7 million. The seven leases are in Johnson, Anderson and Linn counties in eastern Kansas and currently produce approximately 50 BOPD. EnerJex purchased a 100% working interest and 1,500 gross acres of leaseholds.

EnerJex plans to eventually expand drilling on the property having identified over 150 additional drilling locations

About EnerJex Resources, Inc.

EnerJex is an oil and natural gas acquisition, exploration and development company. Operations, conducted solely through Midwest Energy Inc., its wholly owned operating subsidiary, are focused on the mid-continent region of the United States. EnerJex acquires oil and natural gas assets that have existing production and cash flows.

Once acquired, EnerJex implements an exploration and development program to accelerate the recovery of the existing oil and natural gas as well as to explore for additional reserves.

More information on EnerJex and its operations can be found on its website: http://www.EnerJexResources.com.

Forward-Looking Statement

The statements in this press release regarding the BOPD from Midwest wells, number of current and anticipated wells, current operations, future outlook, and any other effects resulting from any of the above forward-looking statements involve risks and uncertainties. Such risks and uncertainties, include, but are not limited to: the continued production of oil at historical rates; costs of operations and development; delays, and any other difficulties related to producing oil; rig availability; price of oil; exploitation and exploration successes; marketing and sales of produced minerals; risks and effects of legal and administrative proceedings and governmental regulation; actions taken and to be taken by the government as a result of political and economic conditions; future financial and operational results; competition; general economic, market or business conditions; and the ability to manage and continue growth. Although EnerJex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

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 EnerJex makes in this news release include market conditions and those set forth in reports or documents EnerJex files from time to time with the Securities and Exchange Commission (SEC). 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.

Source: EnerJex Resources, Inc.