CAMAC Energy has launched a reverse stock split of its common stock pursuant to which each six shares of common stock will be converted into one share of common stock. The reverse stock split was effective April 22. At the same time as the reverse stock split, the company instituted a name change. The company […]

CAMAC Energy finished completion operations on its Oyo-8 well offshore Nigeria. The company is now ready to commence oil production from the well. While the Oyo-8 is hooked up to the FPSO Armada Perdana, CAMAC was informed by Bumi (owner of the FPSO) that the FPSO is not ready to receive oil production from the well […]

Northern Offshore, Ltd. issued a Notice of Contract Termination to Oceanic Consultants Nigeria Ltd. (Oceanic), an affiliate of CAMAC Energy Inc. (CAMAC) for the Energy Searcher (mid-water drillship) drilling contract. CAMAC guaranteed Oceanic’s obligations under the drilling contract. Northern said it believes Oceanic breached various terms of the drilling contract and will be filing a […]