Current CAK Stock Info

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 on our organization.”

The reserve base consists of CAK’s prospects in its D, G, Ewo Deep and Ereng prospects in Oil Mining Leases (OML) 120 and 121, where the compa...


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