CAK - CAMAC Energy Inc. - AMEX « Thread Started on Mar 9, 2012, 11:45am »
CAK - CAMAC Energy Inc. - AMEX
About CAMAC Energy Inc. CAMAC Energy Inc. (NYSE Amex: CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company focuses on early cash flow and high-return global energy projects. Currently, operations are in Nigeria and China, and the Company is seeking to acquire prime frontier exploration acreage in West and East Africa. The Company's principal assets include interests in OML 120 and OML 121, offshore oil leases in deepwater Nigeria that started production from the Oyo Field in December 2009, and a 100% interest in the Zijinshan Block gas asset located in the Shanxi Province, China. The Company was founded in 2005 and has offices in Houston, Texas, Beijing, China, and Lagos, Nigeria.
CAMAC Energy Inc. 250 East Hartsdale Avenue Suite 47 Hartsdale, NY 10530 Phone: 914-472-6070 Fax: 914-472-6793 Website: http://www.camacenergy.com
Dr. Kase Lukman Lawal served as the Chief Executive Officer of CAMAC International Corporation until April 11, 2011. At CAMAC International Corporation, Dr. Lawal led a diverse group of affiliate companies that comprise the second largest African-American owned company in the United States with more than 1,000 employees worldwide. Dr. Lawal has been the Chairman of CAMAC Energy Inc. since May 2010. He serves as the Chairman of Allied Energy Corporation, an independent oil and gas company and serves as its Chief Executive Officer. He serves as the Chairman of CAMAC International Corporation. He has been the Vice Chairman of the Houston Airport Development System Corporation, the sixth largest international airport system in the world and Port of Houston Authority since September 2001. Dr. Lawal was appointed Vice-Chairman of Port of Houston Authority in July 2000, having been sworn in as a Port Commissioner in June 1999. He has been a Director of CAMAC Energy Inc., since April 7, 2010. He serves as a member of the board of directors of Unity National Bank, the only federally insured and licensed African-American-owned bank in Texas. He serves as a member of the Board of Directors of Cape Investment Holdings, a leading thermal insulation company. He serves as a Director of the Greater Houston Partnership. He served as a Director of Windy Hill Pet Food Company, Inc. In 1994, he was a finalist for the United States Business Entrepreneur of the Year and also served on the President of the United States Business Advisory Council. Dr. Lawal currently serves as Chairman of the Houston Mayoral Advisory Board on International Affairs and Development. In February 1999, Dr. Lawal was appointed as a member of the United States Trade Advisory Committee on Africa, an advisory group to the U.S. President and the U.S. Trade Representative on trade policy in Africa. He serves as a Director of the Cullen Engineering Research Foundation and on the Board of Directors for the Houston International Festival, an Arts and Cultural organization. Previously, he was President of Baker Investments, Inc.; Vice President, Suncrest Investment Corporation; Research Chemist, Dresser Industries; and Process Engineer, Shell Oil Refining Company. Dr. Lawal studied Chemical Engineering at Georgia Tech and holds a Bachelor of Science in chemistry, Honorary Doctorate in humane letters from Texas Southern University and a Masters of Business Administration in Finance and Marketing from Prairie View A&M University of Texas. He was most recently awarded an honorary doctorate in philosophy from Fort Valley State University.
Segun Omidele was named Senior Vice President, Exploration & Production in March 2012. He joined the company as Senior Vice President, Business Development & New Ventures in September 2011. Previously, he was Senior Vice President, Exploration and Production for Allied Energy Corporation, a subsidiary of CAMAC International Corporation, since October 2008. He was also appointed as the Managing Director of the Nigerian subsidiary, Allied Energy Plc. in February 2009. Prior to joining Allied Energy Corporation, Segun worked for 28 years with Shell companies in Nigeria, UK and USA where he held several technical and management positions. He left the services of Shell E & P, Africa as Resource Volume Manager for Africa in September 2008. Segun holds a Bachelor's degree in Petroleum Engineering from University of Ibadan, Nigeria and a Masters in Petroleum Engineering from the University of Houston, USA. He is also a graduate of the Advanced Management Program of Harvard Business School. He is a member of the Society of Petroleum Engineers and the Nigerian Society of Engineers.
CAMAC Energy Inc. engages in the exploration and production of the oil and gas properties in Nigeria and the People’s Republic of China. The company has interest in an oilfield asset known as the Oyo Field located offshore Nigeria. In the Zijinshan Block located in Shanxi province, China, it completed one additional exploratory well. Significant Events In January 2012, CAMAC Energy Inc. has been awarded two exploration blocks offshore Gambia in the West African Transform Margin. The blocks awarded, A2 and A5, are located in water depths of between 600 and 1,000 meters and cover a total surface area of 2,666 sq km. History CAMAC Energy Inc. was founded in 2005.
Re: CAK - CAMAC Energy Inc. - AMEX « Reply #1 on Mar 9, 2012, 11:46am »
CAMAC Energy Appoints Interim Chief Financial Officer
HOUSTON, Mar 07, 2012 (BUSINESS WIRE) -- CAMAC Energy Inc. (NYSE Amex: CAK), a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that it has appointed Earl W. McNiel as interim Chief Financial Officer of the Company effective March 1, 2012. Mr. McNiel has more than thirty years of experience with public companies, primarily in the energy and waste management industries, and has broad experience in the areas of corporate finance, mergers and acquisitions, and financial reporting. From 2004 to 2009, he served as Vice President and Chief Financial Officer of Transmeridian Exploration Incorporated, an independent oil and gas exploration and production company. From 1994 to 2004, he was a senior executive with Pride International, Inc., an international oilfield service provider and drilling contractor, serving as Chief Financial Officer, Vice President of Planning & Corporate Development, and Chief Accounting Officer. Prior to joining Pride, Mr. McNiel served as a senior financial executive with several waste management companies and an oilfield service company. He began his career in public accounting with a major international accounting firm.
Chairman and CEO Dr. Kase Lawal commented, "Earl's broad experience in the capital markets will help us advance our strategy of exploring and developing our assets in Africa, while simultaneously expanding our footprint through the acquisition of prime frontier exploration acreage. In addition, his extensive background as a public company Chief Financial Officer will be an asset to the management team and strengthen the Company's ability to execute its growth plans."
About CAMAC Energy Inc.
CAMAC Energy Inc. (NYSE Amex: CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company currently has operations in Nigeria and, through its Pacific Asia Petroleum subsidiaries, in China. The Company's principal assets include interests in OML 120 and OML 121, offshore oil leases in deepwater Nigeria that started production from the Oyo Oilfield in December 2009, and a 100% interest in the Zijinshan Block gas asset located in the Shanxi Province, China. The Company was founded in 2005 and has offices in Houston, Texas, Beijing, China, and Lagos, Nigeria.
Re: CAK - CAMAC Energy Inc. - AMEX « Reply #2 on Mar 9, 2012, 11:46am »
CAMAC Energy Inc. to Host Fourth Quarter and Year-End 2011 Results Conference Call
HOUSTON, Mar 09, 2012 (BUSINESS WIRE) -- CAMAC Energy Inc. (NYSE Amex: CAK), a U.S.-based energy company engaged in the exploration, development and production of oil and gas primarily in Africa, today announced that it will be hosting their fourth quarter and year-end 2011 financial results conference call at 10:30 a.m. Central Time (11:30 a.m. Eastern Time) on Thursday, March 15, 2012. Hosting the call will be Dr. Kase Lawal, Chairman and Chief Executive Officer.
Earnings Call details -
Date: Thursday, March 15, 2012
Time: 10:30 a.m. CT / 11:30 a.m. ET
Participate: The call can be accessed live over the telephone by dialing (877) 407-3982 or for international callers, (201) 493-6780.
Listen only: A live webcast of the call will be available on the Company's website www.camacenergy.com under the "Investors - Events & Presentation" section.
Replay: A replay will be available shortly after the conference call and can be accessed by dialing (877) 870-5176 or for international callers, (858) 384-5517. The passcode for the replay is 389911. The telephone replay will be available until March 29, 2012. The webcast will also be archived on the Company's website shortly following the call for approximately 30 days.
About CAMAC Energy Inc. CAMAC Energy Inc. (NYSE Amex: CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company focuses on early cash flow and high-return global energy projects. Currently, operations are in Nigeria and China, and the Company is seeking to acquire prime frontier exploration acreage in West and East Africa. The Company's principal assets include interests in OML 120 and OML 121, offshore oil leases in deepwater Nigeria that started production from the Oyo Field in December 2009, and a 100% interest in the Zijinshan Block gas asset located in the Shanxi Province, China. The Company was founded in 2005 and has offices in Houston, Texas, Beijing, China, and Lagos, Nigeria.
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