OVERLAND PARK, Kan., Sept. 4 /PRNewswire-FirstCall/ -- EnerJex Resources, Inc. (OTC Bulletin Board: EJXR) ('EnerJex') today reported an update to operating activity completed by its wholly owned operating subsidiary Midwest Energy, Inc. (Midwest) for the period ended August 31, 2007 .

Steve Cochennet, EnerJex's Chairman and CEO, noted, 'We are on track with our drilling plans and in many cases exceeding our drilling targets. We are pleased with the operational and financial progress achieved by Midwest Energy so far in 2007.'

Midwest's production for the period was approximately 117 barrels per day equivalent. This is up from 63 barrels per day equivalent for the period ended June 30, 2007 , an increase of approximately 86 percent.

Operational Update By Area:

Black Oaks Project

Midwest has finished drilling 26 wells, bringing the total new well inventory to five injection wells and 21 producing wells. Of the 21 producing wells, 10 have been completed. In addition, three of the five injection wells have received state approval to begin water injection. Initial flow rates are between three and 15 barrels per well.

Midwest plans to drill a minimum of 14 additional producing wells bringing its year-end new producing well total to 35 and year-end injectors to five. Midwest anticipates it will have all wells on-line by the end of November.

Midwest is also waiting for results from the seismic data on the Black Oaks project which is anticipated to be available by mid-September.

Thoren Project

Midwest finished drilling and has recently completed 18 wells; eleven producing wells and seven injection wells. Plans include drilling an additional 10 producing wells by the end of October. All seven injector wells have been approved and are currently on-line.

Gas City Project

Midwest is currently completing right-of-way and drilling title opinions per the Euramerica agreement and should begin drilling by the end of September. Midwest has filed drilling intent for the first five wells and will determine the next steps once additional data has been acquired.

About EnerJex Resources, Inc.

EnerJex is an oil and natural gas acquisition, exploration and development company formed in December 2005 . Operations, conducted solely through Midwest Energy Inc., its wholly owned operating subsidiary, are focused on the mid-continent region of the United States . EnerJex acquires oil and natural gas assets that have existing production and cash flows.

Once acquired, EnerJex implements an exploration and development program to accelerate the recovery of the existing oil and natural gas as well as to explore for additional reserves.

More information on EnerJex and its operations can be found on its website: http://www.EnerJexResources.com.

Forward-Looking Statement

The statements in this press release regarding the production from Midwest wells, number of current and anticipated wells, current operations, future outlook, and any other effects resulting from any of the above forward-looking statements involve risks and uncertainties. Such risks and uncertainties, include, but are not limited to: the continued production of oil at historical rates; costs of operations and development; delays, and any other difficulties related to producing oil; rig availability; price of oil; exploitation and exploration successes; marketing and sales of produced minerals; risks and effects of legal and administrative proceedings and governmental regulation; actions taken and to be taken by the government as a result of political and economic conditions; future financial and operational results; competition; general economic, market or business conditions; and the ability to manage and continue growth. Although EnerJex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements EnerJex makes in this news release include market conditions and those set forth in reports or documents EnerJex files from time to time with the Securities and Exchange Commission (SEC). EnerJex undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE EnerJex Resources, Inc.