EnerJex Resources Inc (ENRJ)

[Ed Ajootian]

swanlinbar, its great to see the pieces finally starting to fit together here. As impressive as this quarter's production growth was I believe 2Q will show even more growth, mostly due to adding another rig at Rantoul.

The only troubling issue is why they didn't get their bank line increased. They had a healthy degree of interest coverage with $788K of adjusted EBITDA with only $65K of interest expense, which would seem to leave room for a healthy increase to the bank line. If they don't get a bump in their availability maybe its time to start looking for another bank.