EnerJex Resources, Inc. (OTCQB: ENRJ)

This came out near the open today: EnerJex Resources Announces Financial Results for the Second Quarter Ended June 30, 2013, Including a 31% Increase in Adjusted EBITDA

Let’s bullet point some of this news…

Highlights for the second quarter include the following:

• Production of 23,857 barrels of oil, a 11% increase compared to the prior year excluding production from certain properties that were assigned to outside general partners upon the dissolution of Rantoul Partners at the end of 2012.
• Revenue of $2.2 million, a 16% increase compared to the prior year excluding revenue from certain properties that were assigned to outside general partners upon the dissolution of Rantoul Partners at the end of 2012.
• Operating expenses of $31.52 per net barrel of oil produced, a 1% decrease compared to the prior year.
• Adjusted earnings before interest, income tax, depriciation and amortization (“EBITDA”) of $864,515, a 31% increase compared to the prior year.
• Completion of drilling 5 new oil wells and 5 new secondary recovery water injection wells in EnerJex’s Mississippian Project located in Southeast Kansas with a 100% success rate.
• Completion of drilling 8 new oil wells and 8 new secondary recovery water injection wells in the Company’s Cherokee Project located in Eastern Kansas with a 100% success rate.