HOUSTON, TX--(Marketwired - Feb 13, 2014) - CAMAC Energy Inc. ("CAMAC") (NYSE MKT: CAK) has received formal approval from the Johannesburg Stock Exchange to commence trading on the Main Board in the "Oil and Gas Producers" sector under the ticker symbol "CME". The approval is conditioned on approval by the Company's stockholders at the special meeting of stockholders to be held on February 13, 2014 of certain proposals related to the Company's proposed acquisition of interests in the production sharing contract covering Oil Mining Leases 120 and 121 offshore Nigeria, including a proposal to amend the Company's certificate of incorporation to increase the number of authorized shares of common stock.
About the JSE
The JSE Ltd ("JSE") is licensed as an exchange under the Securities Services Act, 2004 and is Africa's premier exchange. It has operated as a market place for the trading of financial products for nearly 125 years. In this time, the JSE has evolved from a traditional floor based equities trading market to a modern securities exchange providing fully electronic trading, clearing and settlement in equities, financial and agricultural derivatives and other associated instruments and has extensive surveillance capabilities. The JSE is also a major provider of financial information, and is one of the top 20 exchanges in the world in terms of market capitalization.
About CAMAC Energy
CAMAC Energy is an independent oil and gas exploration and production company focused on energy resources in Africa. Its asset portfolio consists of 8 licenses in 3 countries 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 Houston, Texas. For more information, visit www.camacenergy.com.
Forward-Looking Statements
This press 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 in these forward-looking statements due to a variety of factors, including the Company's ability to successfully drill, complete, test and produce the wells and prospects identified in this release, the securing of necessary regulatory and stockholder approvals and fulfillment of conditions for completion of the transactions described in this release and risk factors discussed in the Company's periodic reports filed with the SEC. 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.
This press release does not constitute a solicitation of any vote or approval. Investors will be able to obtain a free copy of documents filed with the SEC at the SEC's website at http://www.sec.gov. In addition, investors may obtain a free copy of the Company's filings with the SEC from the Company's website at http://www.camacenergy.com/sec-filings.php or by directing a request to: CAMAC Energy Inc., 1330 Post Oak Boulevard, Suite 2250, Houston, TX 77056, Attn: Investor Relations, +1 713-797-2945, chris.heath@camacenergy.com.
Source: Marketwired
(February 13, 2014 - 8:16 AM EST)
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