Camber Energy to acquire renewable diesel facility

Camber Energy entered into a Membership Interest Purchase Agreement to acquire a 100% interest in companies that own and are in the process of bringing into commercial operations a processing plant designed to produce renewable diesel. The estimated production capacity of the Plant once operational is 43,000,000 gallons per year. Camber’s obligation to close the transaction is conditional on a number of items set out in the Membership Interest Purchase Agreement, and there is no guaranty the conditions will be satisfied.