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June 16, 2014
08:19 EDTCAKCAMAC spuds Oyo-8 development well offshore Nigeria
CAMAC announced that the Oyo-8 development well was spudded on June 15. The Oyo-8 well is located offshore Nigeria in OML 120, where CAMAC Energy is the operator and owns a 100% working interest. This development well lies within the Oyo field, which was one of the first deepwater oil discoveries made in Nigeria. The Oyo field is located approximately 75 kilometers offshore Nigeria in water depths of approximately 300 meters. Oyo-8 will be drilled by the Northern Offshore Energy Searcher drillship to a total depth of approximately 1,800 meters in water depths of approximately 310 meters, and will produce from the Pliocene reservoir. The Oyo-8 well is expected to commence production in the fourth quarter and, together with the Oyo-7 well which will be completed subsequent to the Oyo-8 well, is expected to significantly increase production from the Oyo Field.
News For CAK From The Last 14 Days
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December 19, 2014
17:25 EDTCAKCAMAC files to sell 945.5M shares of common stock for holders
Of the 945,493,549 shares of common stock covered by this prospectus, 874,798,460 are currently outstanding and up to 70,695,089 shares may be issued upon the conversion of an outstanding convertible subordinated note.
December 15, 2014
08:00 EDTCAKCAMAC to acquire 3D seismic offshore Gambia
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