Camac Energy Inc (CAK) 0.47 $CAK
Kase Lukman. Lawal of CAMAC Energy, Inc. (CAK)-NYSE MKT bought Shares of CAK
M2 - Wed Oct 22, 7:27AM CDT
Reported by InsiderCow.com at 2014-10-21 13:20:01 ET
CAK: 0.47 (-0.01)
CAMAC Energy to Present at the Canaccord Genuity Global Resources Conference
Marketwired - Wed Oct 08, 7:02AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that Earl W. McNiel, Senior Vice President and Chief Financial Officer, will participate on a panel entitled Nigerian E&Ps at the Canaccord Genuity Global Resources Conference on Wednesday, October 15, 2014 at 11 a.m. ET in New York, New York.
CAK: 0.47 (-0.01)
CAMAC Energy Provides Operational Update
Marketwire - Tue Sep 30, 7:02AM CDT
CAMAC Energy Inc. ("CAMAC Energy" or the "Company"
(NYSE MKT: CAK) announced today that the suspended rig activities of the Energy Searcher drillship have now resumed, and the technical problem with the drillship's blow out preventer ("BOP" control hoses has now been resolved. New hoses have been installed, and the BOP is fully function tested.
CAK: 0.47 (-0.01)
CAMAC Energy Announces Fivefold Increase in Recoverable Prospective Resources Offshore Nigeria
Marketwire - Mon Sep 29, 6:00AM CDT
CAMAC Energy Inc. ("CAMAC Energy" or the "Company" (NYSE MKT: CAK) announced today that an updated independent assessment of the Company's prospective resources for four offshore Nigeria prospects located within Oil Mining Leases ("OMLs" 120 and 121 by DeGolyer and MacNaughton ("D&M" has increased the Company's unrisked P50 recoverable resources from 537 million barrels of oil ("MMbbl" to 2,377 MMbbl in four of its top exploration prospects.
CAK: 0.47 (-0.01)
Oil and Gas Exploration and Production Stocks Technical Data - Canadian Natural Resources, Noble Energy, Forest Oil, QEP Resources, and CAMAC Energy
PR Newswire - Fri Sep 26, 8:00AM CDT
The US markets on Thursday, September 25, 2014, declined with the Dow Jones Industrial Average finishing at 16,945.80, down 1.54% and the NASDAQ Composite closing at 4,466.75, down 1.94%. The S&P 500 the session ended the day 1.62% lower at 1,965.99. During the trading session, all the ten sectors finished on a negative note. The S&P 500 Energy Sector Index closed the day at 663.29, down 1.53%, whereas the index has advanced 1.78% on YTD basis. Investor-Edge has initiated coverage on the following equities: Canadian Natural Resources Ltd. (NYSE: CNQ), Noble Energy Inc. (NYSE: NBL), Forest Oil Corporation (NYSE: FST), QEP Resources Inc. (NYSE: QEP), and CAMAC Energy Inc. (NYSE MKT: CAK). Free research on these five companies can be accessed at:
NBL: 58.48 (+1.35), CAK: 0.47 (-0.01), QEP: 24.53 (+0.86), FST: 1.15 (+0.20), CNQ: 35.20 (+0.94)
CAMAC Energy Initiated With a Buy at Aegis Capital Corp.
Marketwire Canada - Tue Sep 23, 12:06PM CDT
Initiating Coverage. Aegis Capital Corp. is initiating coverage on CAMAC Energy, Inc. (NYSE: CAK) with a Buy rating and a 12-month price target of $1.00 per share. CAMAC Energy is an independent oil exploration and production company focused on energy resources in Africa. Its asset portfolio consists of nine licenses and an area of 43,000 square kilometers (10 million acres) covering offshore Nigeria, offshore Ghana, offshore Gambia, and offshore and onshore Kenya. The Oyo Field in the OML 120 block, 46 miles offshore Nigeria, currently contains the company's entire proved reserves of 9.9 million barrels of oil. The Oyo-5 and Oyo-6 wells in the Oyo Field produced oil at -2,000 barrels a day in 2013 and -1,600-1,700 barrels a day during 2014. The firm has recently shut-in these two wells in order to complete Oyo-8 and Oyo-7 wells for oil production in 1Q 2015, each of which is expected to produce -7,000 barrels a day. The firm may drill the Oyo-9 well in 2H 2015 and could potentially exit 2015 at a production rate of -20,000 barrels a day. Though oil productions from Oyo-8 and Oyo-7 wells represent the near-term catalysts for the company's shares, positive results from the prospective fields in the Miocene formation, which is deeper than the currently producing Pliocene formation, should drive up the firm's value substantially in the mid-to-long term. The firm currently plans to drill the first Miocene exploratory well in 2H 2015.
CAK: 0.47 (-0.01), XOM: 94.11 (+0.98), CVX: 116.19 (+2.19)
CAMAC Energy Initiated With a Buy at CSL
Marketwire - Tue Sep 09, 6:01AM CDT
CSL initiates coverage on CAMAC (NYSE MKT: CAK) (JSE: CME) with a BUY recommendation and target price of US$0.98/share using a RENAV based valuation methodology which includes a core value (2P) of US$0.45/share, and exploration value for one prospect of US$0.54/share. CSL's core valuation is supported by historic acquisition prices for CAMAC's core acreage offshore Nigeria in OML 120/121.
CME: 81.20 (+1.71), CAK: 0.47 (-0.01)
CAMAC Energy Closes $100 Million Credit Facility
Marketwire Canada - Mon Sep 08, 6:00AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. U.S. dollar borrowings under the term loan facility will bear interest at the rate of LIBOR plus 7.5%, subject to a floor of 9.5%. The security package for the term loan facility includes a legal charge over OMLs 120 and 121 and an assignment of proceeds from oil sales.
CAK: 0.47 (-0.01)
CAMAC Energy to Acquire 2D Seismic in Kenya
Marketwire - Wed Sep 03, 7:04AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that its wholly owned subsidiary, CAMAC Energy Kenya Limited, has awarded seismic contracts for the acquisition of 2D seismic surveys on Block L1B onshore Kenya, and Block L16 partly onshore and partly offshore Kenya. The contract awards are each subject to negotiation and signing of a definitive agreement for the provision of seismic services.
CAK: 0.47 (-0.01)
CAMAC Energy to Present at Upcoming Energy Conference
Marketwire Canada - Fri Aug 15, 7:26AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that Earl W. McNiel, Senior Vice President and Chief Financial Officer, will present at EnerCom's The Oil & Gas Conference on Monday, August 18, 2014 at 3:10 p.m. MT (5:10 p.m. ET) in Denver, Colorado.
CAK: 0.47 (-0.01)
CAMAC Energy Announces Second Quarter 2014 Results
Marketwire - Mon Aug 11, 7:01AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today financial and operating results for the second quarter of 2014. The company plans to file its Form 10-Q for the quarter ended June 30, 2014 with the Securities and Exchange Commission later today.
CAK: 0.47 (-0.01)
Kase Lukman. Lawal of CAMAC Energy, Inc. (CAK)-NYSE MKT bought Shares of CAK
M2 - Wed Oct 22, 7:27AM CDT
Reported by InsiderCow.com at 2014-10-21 13:20:01 ET
CAK: 0.47 (-0.01)
CAMAC Energy to Present at the Canaccord Genuity Global Resources Conference
Marketwired - Wed Oct 08, 7:02AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that Earl W. McNiel, Senior Vice President and Chief Financial Officer, will participate on a panel entitled Nigerian E&Ps at the Canaccord Genuity Global Resources Conference on Wednesday, October 15, 2014 at 11 a.m. ET in New York, New York.
CAK: 0.47 (-0.01)
CAMAC Energy Provides Operational Update
Marketwire - Tue Sep 30, 7:02AM CDT
CAMAC Energy Inc. ("CAMAC Energy" or the "Company"
(NYSE MKT: CAK) announced today that the suspended rig activities of the Energy Searcher drillship have now resumed, and the technical problem with the drillship's blow out preventer ("BOP" control hoses has now been resolved. New hoses have been installed, and the BOP is fully function tested. CAK: 0.47 (-0.01)
CAMAC Energy Announces Fivefold Increase in Recoverable Prospective Resources Offshore Nigeria
Marketwire - Mon Sep 29, 6:00AM CDT
CAMAC Energy Inc. ("CAMAC Energy" or the "Company"
(NYSE MKT: CAK) announced today that an updated independent assessment of the Company's prospective resources for four offshore Nigeria prospects located within Oil Mining Leases ("OMLs" 120 and 121 by DeGolyer and MacNaughton ("D&M" has increased the Company's unrisked P50 recoverable resources from 537 million barrels of oil ("MMbbl" to 2,377 MMbbl in four of its top exploration prospects. CAK: 0.47 (-0.01)
Oil and Gas Exploration and Production Stocks Technical Data - Canadian Natural Resources, Noble Energy, Forest Oil, QEP Resources, and CAMAC Energy
PR Newswire - Fri Sep 26, 8:00AM CDT
The US markets on Thursday, September 25, 2014, declined with the Dow Jones Industrial Average finishing at 16,945.80, down 1.54% and the NASDAQ Composite closing at 4,466.75, down 1.94%. The S&P 500 the session ended the day 1.62% lower at 1,965.99. During the trading session, all the ten sectors finished on a negative note. The S&P 500 Energy Sector Index closed the day at 663.29, down 1.53%, whereas the index has advanced 1.78% on YTD basis. Investor-Edge has initiated coverage on the following equities: Canadian Natural Resources Ltd. (NYSE: CNQ), Noble Energy Inc. (NYSE: NBL), Forest Oil Corporation (NYSE: FST), QEP Resources Inc. (NYSE: QEP), and CAMAC Energy Inc. (NYSE MKT: CAK). Free research on these five companies can be accessed at:
NBL: 58.48 (+1.35), CAK: 0.47 (-0.01), QEP: 24.53 (+0.86), FST: 1.15 (+0.20), CNQ: 35.20 (+0.94)
CAMAC Energy Initiated With a Buy at Aegis Capital Corp.
Marketwire Canada - Tue Sep 23, 12:06PM CDT
Initiating Coverage. Aegis Capital Corp. is initiating coverage on CAMAC Energy, Inc. (NYSE: CAK) with a Buy rating and a 12-month price target of $1.00 per share. CAMAC Energy is an independent oil exploration and production company focused on energy resources in Africa. Its asset portfolio consists of nine licenses and an area of 43,000 square kilometers (10 million acres) covering offshore Nigeria, offshore Ghana, offshore Gambia, and offshore and onshore Kenya. The Oyo Field in the OML 120 block, 46 miles offshore Nigeria, currently contains the company's entire proved reserves of 9.9 million barrels of oil. The Oyo-5 and Oyo-6 wells in the Oyo Field produced oil at -2,000 barrels a day in 2013 and -1,600-1,700 barrels a day during 2014. The firm has recently shut-in these two wells in order to complete Oyo-8 and Oyo-7 wells for oil production in 1Q 2015, each of which is expected to produce -7,000 barrels a day. The firm may drill the Oyo-9 well in 2H 2015 and could potentially exit 2015 at a production rate of -20,000 barrels a day. Though oil productions from Oyo-8 and Oyo-7 wells represent the near-term catalysts for the company's shares, positive results from the prospective fields in the Miocene formation, which is deeper than the currently producing Pliocene formation, should drive up the firm's value substantially in the mid-to-long term. The firm currently plans to drill the first Miocene exploratory well in 2H 2015.
CAK: 0.47 (-0.01), XOM: 94.11 (+0.98), CVX: 116.19 (+2.19)
CAMAC Energy Initiated With a Buy at CSL
Marketwire - Tue Sep 09, 6:01AM CDT
CSL initiates coverage on CAMAC (NYSE MKT: CAK) (JSE: CME) with a BUY recommendation and target price of US$0.98/share using a RENAV based valuation methodology which includes a core value (2P) of US$0.45/share, and exploration value for one prospect of US$0.54/share. CSL's core valuation is supported by historic acquisition prices for CAMAC's core acreage offshore Nigeria in OML 120/121.
CME: 81.20 (+1.71), CAK: 0.47 (-0.01)
CAMAC Energy Closes $100 Million Credit Facility
Marketwire Canada - Mon Sep 08, 6:00AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. U.S. dollar borrowings under the term loan facility will bear interest at the rate of LIBOR plus 7.5%, subject to a floor of 9.5%. The security package for the term loan facility includes a legal charge over OMLs 120 and 121 and an assignment of proceeds from oil sales.
CAK: 0.47 (-0.01)
CAMAC Energy to Acquire 2D Seismic in Kenya
Marketwire - Wed Sep 03, 7:04AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that its wholly owned subsidiary, CAMAC Energy Kenya Limited, has awarded seismic contracts for the acquisition of 2D seismic surveys on Block L1B onshore Kenya, and Block L16 partly onshore and partly offshore Kenya. The contract awards are each subject to negotiation and signing of a definitive agreement for the provision of seismic services.
CAK: 0.47 (-0.01)
CAMAC Energy to Present at Upcoming Energy Conference
Marketwire Canada - Fri Aug 15, 7:26AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today that Earl W. McNiel, Senior Vice President and Chief Financial Officer, will present at EnerCom's The Oil & Gas Conference on Monday, August 18, 2014 at 3:10 p.m. MT (5:10 p.m. ET) in Denver, Colorado.
CAK: 0.47 (-0.01)
CAMAC Energy Announces Second Quarter 2014 Results
Marketwire - Mon Aug 11, 7:01AM CDT
CAMAC Energy Inc. (NYSE MKT: CAK) announced today financial and operating results for the second quarter of 2014. The company plans to file its Form 10-Q for the quarter ended June 30, 2014 with the Securities and Exchange Commission later today.
CAK: 0.47 (-0.01)
