CAMAC Energy Provides Operational Update
17 April 2015 - 6:16AM
Business Wire
CAMAC Energy Inc. (“CAMAC” or “the Company”) (NYSE MKT: CAK) has
been informed by the owner of the Floating Production, Storage, and
Offloading vessel (“FPSO”) Armada Perdana, Bumi Armada Berhad, that
the renewal of the FPSO’s class certification is now expected to be
completed by April 24, 2015.
The Oyo-8 well, located in the Oyo field offshore Nigeria, is
ready to commence production into the FPSO upon the vessel’s class
certificate renewal.
About CAMAC Energy
CAMAC Energy is an independent oil and gas exploration and
production company focused on energy resources in sub-Saharan
Africa. Its asset portfolio consists of nine licenses across four
countries covering an area of 10 million net acres, including
production and other exploration projects offshore Nigeria, as well
as exploration licenses offshore Ghana, Kenya, and Gambia, and
onshore Kenya. CAMAC Energy is headquartered in Houston, Texas. For
more information about CAMAC Energy, please visit
www.camacenergy.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical fact, concerning activities,
events or developments that the Company expects, believes or
anticipates will or may occur in the future are forward-looking
statements. Although the Company believes the expectations
reflected in these forward-looking statements are reasonable, they
involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. The Company’s actual
results could differ materially from those anticipated or implied
in these forward-looking statements due to a variety of factors,
including further unanticipated delays in the class certification
process for the Armada Perdana FPSO and risks and other risk
factors discussed in the Company’s periodic reports filed with the
Securities and Exchange Commission. All forward-looking statements
are expressly qualified in their entirety by this cautionary
statement. You should not place undue reliance on forward-looking
statements, which speak only as of their respective dates. The
Company undertakes no duty to update these forward-looking
statements.
CAMAC Energy Inc.Investors:Chris Heath, +1 713 797
2945chris.heath@camacenergy.comorMedia:Lionel McBee, +1 713
797 2960lionel.mcbee@camacenergy.com
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