CAMAC Energy Nears Start of Oyo Field Production, Expects 14 MBOEPD by End of 2014
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