Fall / Winter 2007

EnerJex Presentation

FORWARD-LOOKING STATEMENTS

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform
Act of 1995.  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 earnings, revenue or other financial
items; any statements of the plans, strategies and objections of management for future operations; any statements
concerning proposed new services or developments; any statements regarding future economic conditions or
performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect”
or “anticipate” or other similar words.  These forward-looking statements present our estimates and assumptions only
as of the date of this report.  Except for our ongoing securities laws, we do not intend, and undertake no obligation, to
update any forward-looking statement.

Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual
results could differ materially from those projected or assumed in any or our forward-looking statements.  Our future
financial condition and results of operations, as well as any forward-looking statements, are subject to change and
inherent risks and uncertainties.  The factors impacting these risks and uncertainties include, but are not limited to:

potential default under our secured obligations;

a default under any material debt agreements

increases in interest rates or our cost of borrowing;

deterioration in general or regional economic conditions;

adverse state or federal legislation or regulation that increases the costs of compliance, or   
    adverse findings by a regulator with respect to existing operations;

inability to achieve future sales levels or other operating results;

fluctuations in the price of oil and gas;

the unavailability of funds for capital expenditures; and

operational inefficiencies in our operations.

                                    

For a detailed description of these and other factors that could cause actual results to differ materially from those
expressed in any forward-looking statement, please see “Factors That May Affect Our Results of Operations” in  our
SEC filings, available free of charge at the SEC’s website (www.sec.gov).

Operating company formed in 2005 (EnerJex Kansas, Inc.)

Four strategic transactions completed within the last six months

EnerJex Overview

*as of 10/31/2007

Symbol ………………………..……

EJXR

Trading Platform.………………….

OTC.BB

Current Share Price*….…..………

$0.82

Market Capitalization*…………….

$18.2 million

Common Shares Outstanding* ...

    50% Retail

    35% Institutional

    15% Management

22 million shares

Float *………………………………..

16 million shares

Enterprise Value*…………….……

$20.1 million

Corporate Headquarters….…......

Overland Park, KS

Key Institutional Investors………

West Coast Capital (WCAM) Enable
Capital, Glacier Asset Capital

Source: KS Geological Survey

The Opportunity

The mid-continent region and more
specifically, the state of Kansas, has
historically been one of the top 10
domestic oil producing regions.

For the year-ended December 31, 2006,
35.7 million barrels of oil were produced
in the state of Kansas.

Of the total barrels produced in the state,
15 companies accounted for 30% of the
total 35.7 million barrels.

The remaining 70% or 26 million barrels came
from approximately 2,300 different operators
and 23,000 producers that are primarily farmers
and ranchers

Business Plan

“Focus on the Mid-continent Region”: We believe that a confluence of
the following events in the mid-continent region make it an attractive area
for acquisition:

Traditional roll up strategy utilizing capital, operations, technology, and
partnership with Haas Petroleum

Diamonds in the Rough: opportunity to acquire producing properties
at below market prices

Grass roots presence giving us access to negotiated transactions vs.
competitive bidding on fundamentally sound assets

Extremely inefficient and fragmented ownership structure.  Opportunity
to materially capture value for companies with access to capital from
public markets

Strong Regional Presence

Black Oaks Project

Gas City Field

Thoren Project

Tri-County Project

DD Energy

    Most large domestic major oil

    exploration companies left the area

    20-30 years ago

Current Producing Assets

Deeper Oil Play:

Black Oaks Project

$4.0 million investment in Phase I of the development program to
be completed by year end 2007

Shallow Oil:

Thoren Lease: $400,000 acquisition and subsequent investment of
$500,000 in a development program

Tri-County:  $800,000 acquisition in September 2007

DD Energy:  $2.7 million acquisition in September 2007

Conventional Gas, Oil and Coal Bed Methane:

Gas City:  $1.2 million initial investment, with new exploration and
development agreement with Euramerica Energy, Inc.

Total investment through Sept. 30, 2007 = $8.1 million

Reserve report as of Sept. 30, 2007 = $26.4 million PV 10

Black Oaks Potential

2.3 million to 3.0 million in potential recoverable reserves

$20 million additional capital investment

Management projections based on results from the ARCO water flood  project

Potential PV 10 enhancement $39 million to $63 million @ $70 a barrel

Euramerica Energy & EnerJex Joint
Development Project in Iola Kansas

Summary of Shallow Oil Projects

Project

Investment

Production*

Thoren

$900,000

35 BOPD

Tri-County

$800,000

40 BOPD

DD Energy

$2.7 million

50 BOPD

Shallow oil projects - Acquisition and development capital $4.3
million -  PV 10 of $17 million as of September 30, 2007

Aggregated 125 BOPD at a cost of $34,000 per producing barrel

In excess of 350 drillable locations

* As of Sept. 30, 2007

EnerJex Results of
Development Capital Invested

$1.2 m

$1.7 m

$8.1 m

$11.7 m

Future values dependent

on financings and continued

execution of the strategy

Capital Invested

Management

C. Stephen Cochennet – Director and CEO                              
Prior to helping form EnerJex in 2005, Mr. Cochennet was the President of CSC Group, a strategic
consulting group working with Fortune 500 Companies as well as emerging and start-up companies in a

   variety of capacities including facilitating capital formation. Prior to founding CSC Group in 2002, Mr.

   Cochennet spent 16 years with Aquila.

   

Mark Haas – Executive Consultant & Operations                                 
                                         Manager for Black Oaks Field

  Mr. Haas has been the President of Haas Petroleum, LLC, an oil and natural gas operator, since its
inception in 1974. He has also been the President of Skyy Drilling Co., a full service drilling company, since
it was formed in 2002. From 1970 until 1974, Mr. Haas worked for his father at Haas Oil Company. Since
forming his own company in 1974, Mark has grown from being a small producer to becoming one of the top
60 (out of 1,746 total in 2006) oil producers in the state of Kansas.

Dede Jones – Director of Finance and Accounting

  Ms. Jones is a certified public accountant and internal auditor.   She spent four years at Arthur Anderson
before joining Missouri Public Service in 1989 as an internal auditor.  She was promoted to audit director of
West Plains Energy in 1993.

Brad Kramer – Project Manager

  Mr. Kramer has extensive experience in eastern Kansas including three years as a project manager.  He
joined EnerJex in April 2007.

Over 75 years of combined energy experience

Board of Directors

Robert G. Wonish

  Mr. Wonish is currently the President of Petroleum Engineers, Inc., a subsidiary of Stratum
Holdings, Inc. (OTCBB: STTH) as well as the President of CYMRI, L.L.C.

Daran G. Dammeyer

  Mr. Dammeyer is President of D-Two Solutions through which he supports clients by primarily
providing merger and acquisition support, strategic planning, budgeting and forecasting
process development and implementation.

Darrel G. Palmer

  Darrel G. Palmer serves as president of Energy Management Resources, an energy process
management firm serving industrial and large commercial companies throughout the United
States and Canada.

Outside directors 90 years of energy experience

Summary

In 2006 and early 2007, initial investors and
lenders valued the stock at between $0.50 - $0.65
cents per share

No track record

$60 a barrel oil

Subsequent Events

Management has implemented the strategy
represented and demonstrated the ability to
execute

Oil prices have increased materially

Company has added 400 new drillable locations

Results for six months has tripled the value of assets
over debt incurred on a PV 10 basis