CAMAC Energy Inc. (“CAMAC” or “the Company”) (NYSE MKT: CAK) has been
informed by the owner of the Floating Production, Storage, and
Offloading vessel (“FPSO”) Armada Perdana, Bumi
Armada Berhad, that the renewal of the FPSO’s class certification is
now expected to be completed by April 24, 2015.
The Oyo-8 well, located in the Oyo field offshore Nigeria, is ready to
commence production into the FPSO upon the vessel’s class certificate
renewal.
About CAMAC Energy
CAMAC Energy is an independent oil and gas exploration and production
company focused on energy resources in sub-Saharan Africa. Its asset
portfolio consists of nine licenses across four countries covering an
area of 10 million net acres, including production and other exploration
projects offshore Nigeria, as well as exploration licenses offshore
Ghana, Kenya, and Gambia, and onshore Kenya. CAMAC Energy is
headquartered in Houston, Texas. For more information about CAMAC
Energy, please visit www.camacenergy.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, concerning activities, events or
developments that the Company expects, believes or anticipates will or
may occur in the future are forward-looking statements. Although
the Company believes the expectations reflected in these forward-looking
statements are reasonable, they involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect. The
Company’s actual results could differ materially from those anticipated
or implied in these forward-looking statements due to a variety of
factors, including further unanticipated delays in the class
certification process for the Armada Perdana FPSO and risks and
other risk factors discussed in the Company’s periodic reports filed
with the Securities and Exchange Commission. All forward-looking
statements are expressly qualified in their entirety by this cautionary
statement. You should not place undue reliance on forward-looking
statements, which speak only as of their respective dates. The Company
undertakes no duty to update these forward-looking statements.
Copyright Business Wire 2015
Source: Business Wire
(April 16, 2015 - 4:16 PM EDT)
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