Monday, March 21, 2011

CAMAC Energy, Inc. (CAK) is “One to Watch”

CAMAC Energy Inc. is a dynamic, independent energy company that targets high return, early cash flow global energy projects. Maintaining a balanced portfolio which includes upstream operations and downstream opportunities in Asia and West Africa, the company is committed to building success through strategic vision, extensive experience, and responsible corporate governance.

Through a comprehensive business strategy, CAMAC Energy utilizes internal experience and its unique positioning to identify and target high-return investments in the global energy industry. The company actively manages investments and on-going operations by limiting capital exposure and forming strategic partnerships and alliances.

CAMAC Energy’s principal assets include interests in the Oyo Oilfield, an offshore oil asset in deepwater Nigeria that started production in December 2009, and a 100% interest in the Zijinshan CBM gas asset located in the Shanxi Province, China. The company also operates an Enhanced Oil Recovery and Production (EORP) business in Northern China.

The senior management team has extensive experience in the fields of international business development, geology, petroleum engineering, strategy, government relations, and finance. Members of the company’s management team previously held positions in oil and gas development and screening roles with domestic and international energy companies.

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