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March 2023
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Cover - USD ($) | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Mar. 17, 2023 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Entity Registrant Name | CAMBER ENERGY, INC. | ||
Entity Central Index Key | 0001309082 | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Small Business | true | ||
Entity Shell Company | false | ||
Entity Emerging Growth Company | false | ||
Entity Current Reporting Status | No | ||
Document Period End Date | Dec. 31, 2022 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Entity Common Stock Shares Outstanding | 20,000,000 | ||
Entity Public Float | $ 173,770,884 | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity File Number | 001-32508 | ||
Entity Incorporation State Country Code | NV | ||
Entity Tax Identification Number | 20-2660243 | ||
Entity Interactive Data Current | No | ||
Icfr Auditor Attestation Flag | false | ||
Entity Address Address Line 1 | 15915 Katy Freeway | ||
Entity Address Address Line 2 | Suite 450 | ||
Entity Address City Or Town | Houston | ||
Entity Address State Or Province | TX | ||
Entity Address Postal Zip Code | 77094 | ||
City Area Code | 210 | ||
Local Phone Number | 998-4035 | ||
Security 12b Title | Common Stock, $0.001 par value | ||
Trading Symbol | CEI | ||
Security Exchange Name | NYSEAMER | ||
Auditor Firm Id | 76 | ||
Auditor Name | Turner, Stone & Company, L.L.P | ||
Auditor Location | Dallas, Texas |
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Camber Energy, Inc..
Camber Energy, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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Inflation The Company's business and operating results are not currently affected in any material way by inflation although they could be adversely affected in the future were inflation to increase, resulting in cost increases.
To the extent capitalized costs of oil and natural gas properties, less accumulated depletion and related deferred taxes exceed the sum of the discounted future net revenues of proved oil and natural gas reserves, the lower of cost or estimated fair value of unproved properties subject to amortization, the cost of properties not being amortized, and the related tax amounts, such excess capitalized costs are charged to expense.
We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared and actual results could differ from our estimates and such differences could be material.
Under this method of accounting, all costs of acquisition, exploration and development of oil and natural gas properties (including such costs as leasehold acquisition costs, geological expenditures, dry hole costs, tangible and intangible development costs and direct internal costs) are capitalized as the cost of oil and natural gas properties when incurred.
All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to, any projections of earning, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions of performance; and statements of belief; and any statements of assumptions underlying any of the foregoing.
PLAN OF OPERATIONS Overview The...Read more
Negative impacts could include but...Read more
The Company's growth strategy includes...Read more
If the VWAP calculation is...Read more
53 Table of Contents Net...Read more
Negative impacts could include but...Read more
Periodic accretion of discount of...Read more
Management believes it will be...Read more
Net cash provided by financing...Read more
In cases where the number...Read more
Consequently, we believe that the...Read more
Such a decline may result...Read more
The derivative liability at the...Read more
In accordance with SEC requirements,...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Camber Energy, Inc. provided additional information to their SEC Filing as exhibits
Ticker: CEI
CIK: 1309082
Form Type: 10-K Annual Report
Accession Number: 0001477932-23-001554
Submitted to the SEC: Fri Mar 17 2023 5:00:52 PM EST
Accepted by the SEC: Fri Mar 17 2023
Period: Saturday, December 31, 2022
Industry: Crude Petroleum And Natural Gas