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Stock Market & Financial Investment News

News Breaks
August 4, 2014
08:05 EDTCAKCAMAC discovers multiple oil, gas reservoirs
CAMAC Energy announced the preliminary results of a successful Oyo field development well offshore Nigeria in OML 120. The Oyo-8 well commenced drilling operations on June 15 and has both a vertical and a horizontal section. The vertical section was designed to test for additional hydrocarbons in the previously undrilled Eastern fault block of the Oyo field. CAMAC Energy is pleased to announce Oyo-8 was drilled to a total depth of 6,059 feet, and successfully encountered four new oil and gas reservoirs with total gross hydrocarbon thickness of 112 feet based on results from the logging-while-drilling data, reservoir pressure measurement, and reservoir fluid sampling. The well will now be completed horizontally as a producing well in the Pliocene formation of the Central Oyo field. Oyo-7, which was successfully drilled in October 2013, will also be completed horizontally in the Pliocene formation of the Central Oyo field.
News For CAK From The Last 14 Days
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April 20, 2015
07:22 EDTCAKIndependent Petroleum Association of America to hold a conference
IPAA-OGIS New York is being held in New York on April 20-22.
April 17, 2015
07:01 EDTCAKCAMAC to implement reverse stock split, change name to Erin Energy
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April 16, 2015
16:19 EDTCAKCAMAC provides operational update on offshore Nigeria
CAMAC Energy has been informed by the owner of the Floating Production, Storage, and Offloading vessel Armada Perdana, Bumi Armada Berhad, that the renewal of the FPSOís class certification is now expected to be completed by April 24. The Oyo-8 well, located in the Oyo field offshore Nigeria, is ready to commence production into the FPSO upon the vesselís class certificate renewal.

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