CAMAC Energy
CAMAC Energy Incorporated (NYSE MKT: CAK) is a United States based company involved in exploration, development and production of oil and gas. CAMAC Energy principal assets are in Africa comprising nine licenses across 4 countries, with current production and exploratory projects offshore of Nigeria, as well as exploration licenses offshore of Ghana, Kenya, and Gambia, and onshore in Kenya.[1] in addition, through its Pacific Asia Petroleum subsidiaries, it has operations in China.
Corporate
The Chairman and CEO is African-American businessman, Dr Kase Lukman Lawal. Among others, as well as Dr. Lawal, John Hofmeister, former president of Shell Oil Company, is on the board.
CAMAC Energy was founded in 2005 and has offices in Houston, Texas, Beijing, China, and Lagos, Nigeria.
Ownership
CAMAC Energy is listed on the NYSE Amex Equities. Its key shareholder is CAMAC International Limited.
Operations
On 4 August 2014 the company announced it had discovered 4 new oil and gas reservoirs in its Oyo-8 development well located offshore Nigeria. CAMAC had already drilled Oyo-7 in October 2013. The company said in its 4 August 2014 statement it was one step closer to bringing the two wells into production.[1]
References
- 1 2 "Four oil and gas reservoirs discovered by CAMAC Energy offshore Nigeria". Nigerian News.Net. Retrieved 2 August 2014.