EnerJex Resources Inc (ENRJ)

[sweet crude]

ENRJ oil floor hedges ($2.5 mill a month)

Oil hedge on per month bases

Deferred premium put -> 1/16-6/16 -> 9,000 Bbls -> $85.00 price = $ 1,025,591
Crude oil swap -> 1/15-12/15 -> 5,800 Bbls -> $88.55 price = $980,258
Deferred premium put -> 7/16-12/16 -> 5,000Bbls -> $60.00 price = $26,702
Crude oil swap -> 7/11-12/15 -> 3,000 Bbls $83.70 price = $419,730
Crude oil swap -> 7/12-12/15 -> 1,000 Bbls -> $76.74 price = $98,150

Total Monthly Oil Hedge = $2,550,431

This provides support to monthly preferred dividend, hedge between $60 to $88 a barrel of oil, per month