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Last updated on April 23, 2014 at 11:18 EDT

Latest CAMAC Energy Stories

2014-01-27 12:22:06

LONDON, Jan. 27, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: Nigeria Gas Markets, 2013 Nigeria Gas Markets, 2013 Summary This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Nigeria. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the...

2013-12-09 00:20:18

HOUSTON, Dec. 9, 2013 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company has executed a letter of intent with CAMAC International Limited, an affiliate of CAMAC Energy Inc. (NYSE MKT: CAK), for the drillship Energy Searcher. The letter of intent, which is subject to customary conditions, provides for a subsidiary of Northern Offshore to work towards executing a definitive drilling contract on or before December 31, 2013. Gary W. Casswell,...

2013-09-12 12:25:01

HOUSTON, Sept. 12, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") has been informed by Allied Energy PLC ("Allied") that drilling operations at the Oyo-7 well commenced on September 9, 2013 using Transocean's Sedneth 701 drilling rig. The drilling of the pilot hole to assess shallow hazards around the Oyo-7 location was successfully completed. The rig is being positioned over the actual Oyo-7 location after which drilling operations will continue. About CAMAC...

2013-09-04 12:24:31

HOUSTON, Sept. 4, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") has been informed by Allied Energy PLC ("Allied") that the Sedneth 701 drilling rig has arrived on location at OML 120, offshore Nigeria, and is preparing to drill the Oyo #7 well. After setting anchors and taking on initial drilling materials, it is anticipated that the well will be spud on or before September 10, 2013. The first phase of drilling operations is expected to last 60 days, during...

2013-08-13 08:24:12

HOUSTON, Aug. 13, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) today announced a net loss of $4.4 million, or $(0.03) per diluted share for the quarter ended June 30, 2013. For the same period in 2012, CAMAC Energy reported a net loss of $4.0 million, or $(0.03) per diluted share. Operating revenues for the Company were $1.9 million for the quarter ended June 30, 2013, compared to $0 for the same period in 2012. The increase in 2013 was due to increased oil sales, as there...

2013-08-02 20:20:17

HOUSTON, Aug. 2, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") has been informed by Allied Energy PLC ("Allied") that the assignment of the Sedneth 701 rig, proposed for July 31, 2013 under the previously announced Deed of Assignment with Transocean Ltd. ("Transocean") and Nigerian Petroleum Development Corporation Limited ("NPDC") for the drilling of Oyo Well #7 has been delayed due to unanticipated drilling problems at its current location and efforts are...

2013-07-26 08:22:41

HOUSTON, July 26, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK), today announced that it will be hosting its 2013 second quarter results conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Tuesday, August 13, 2013. Hosting the call will be Dr. Kase Lawal, Chairman and Chief Executive Officer. Call Details: Date: Tuesday, August 13, 2013 Time: 11:00 a.m. ET / 10:00 a.m. CT / 9:00 AM MT / 8:00 AM PT Participate: The call can...

2013-07-15 08:23:36

HOUSTON, July 15, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") today announced that Allied Energy PLC ("Allied") has received notification of the new proposed assignment date of the Sedneth 701 rig under its previously announced Deed of Assignment with Transocean Ltd. ("Transocean") and Nigerian Petroleum Development Corporation Limited ("NPDC"). According to the notification from NPDC, the proposed date of assignment has been changed to July 31, 2013 in...

2013-06-17 08:23:53

HOUSTON, June 17, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") today announced that Dr. Kase Lawal, Chairman and CEO, will present and meet with investors at the 4(th) Eastern Africa Oil, Gas, & Energy Week on Wednesday, June 19, 2013 in Nairobi, Kenya. About CAMAC Energy Inc.CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company's principal assets include interests...

2013-05-29 08:24:27

HOUSTON, May 29, 2013 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") today announced that Allied Energy PLC ("Allied") has received notification of the proposed assignment date of the Sedneth 701 rig under its previously announced Deed of Assignment with a subsidiary of Transocean Ltd. ("Transocean") and Nigerian Petroleum Development Corporation Limited ("NPDC"). According to the notification from NPDC, the proposed date of assignment is July 6, 2013. NPDC will assign the...