Camber Energy, Inc. (NYSE American:CEI) entered into a letter of intent to acquire 500 net leasehold acres in Hutchinson County, Texas for $0.25 million on March 5, 2018. In the event the transaction closes, Camber Energy will acquire approximately 500 net leasehold acres in Hutchinson County, Texas, including 49 non-producing well bores. The acquisition also includes 5 saltwater disposal wells and the required infrastructure and equipment necessary to support future hydrocarbon production. The closing of the transaction is subject to customary closing conditions.