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million. In a release after the market closed on theOverland Park-based compan (OTCBB: EJXR) said that the quarter's loss includes noncash charges for stock-based compensation, accretion and loan costs of $777,628 combined. Of that a roughly $343,0000 noncash charge was recorded for costd related tothe company's issuance last year of $9 millionb in equity and $9 million in debt, said Dede EnerJex's director of finance and accounting. The companyh said that third-quarter revenue rose from $24,491 a year earliert because of increased crude oil production volumesa from leases acquired and developed duringthe quarter, and from increased commodithy prices.
The company was formed in December 2005 and startedd acquiring oil leases inApril 2007. For the priod year's third quarter, the company reportee a loss of $244,668, or 2 cents a basic share. EnerJex is an oil and naturao gas acquisition, exploration and development company. Its subsidiaries are and
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