The results are in. CAMAC Energy’s (ticker: CAK) updated estimate on four prospects offshore Nigeria revealed unrisked P50 recoverable resources of 2,377 MMBO – a 443% increase from the previous estimate of 537 MMBO. In a conference call following the release, Dr. Kase Lawal, Chairman and Chief Executive Officer of CAMAC Energy, said the increase will have a “monumental impact
Kase Lawal, Chairman and Chief Executive Officer of CAMAC Energy (ticker: CAK), first said 2015 will be the company’s most profitable year in history in its Q1’14 conference call. Since then, interest around the industry is building in anticipation of the completion of Oyo-7 and Oyo-8 – two “high impact” wells located offshore Nigeria in exploration blocks OML 120 and
CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The company is completing two separate wells in the Oyo Field and expects to generate a total of 14 MBOPD. CAMAC’s Growth CAK has methodically built up its position offshore Nigeria over the past
EnerCom traveled with CAMAC Energy to meet with investors in New York City during May 2014. Click here for the company’s latest presentation. CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The company is preparing to develop and exploit two separate wells
CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The company is preparing to develop and exploit two separate wells in the Oyo Field and generate a total of 14 MBOEPD. In the past year, CAK has acquired the remaining interests in blocks
CAMAC Energy Inc. (ticker: CAK) operates as an independent oil and gas exploration and production company focused on energy resources in Africa. Its asset portfolio consists of 8 licenses covering an area of 41,000 square kilometers, including production and other projects offshore Nigeria, as well as exploration licenses offshore and onshore Kenya, and offshore Gambia. CAMAC Energy is headquartered in
CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, Banjul, Gambia and Lagos, Nigeria. Contracted an FPSO On January 8, 2014, CAMAC Energy announced the signing of
CAMAC Energy Inc. (ticker: CAK) is a U.S.-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, Banjul, Gambia and Lagos, Nigeria. On December 9, 2013, CAMAC Energy announced the signing of a letter of intent for
CAMAC Energy Inc. (ticker: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, Banjul, Gambia and Lagos, Nigeria. CAMAC Energy Inc. announced two major company milestones on November 20, 2013. CAK has
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