Last $0.70 USD
Change Today -0.0174 / -2.42%
Volume 2.0M
CAK On Other Exchanges
Symbol
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Johannesburg
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

camac energy inc (CAK) Snapshot

Open
$0.70
Previous Close
$0.72
Day High
$0.71
Day Low
$0.65
52 Week High
03/18/14 - $0.91
52 Week Low
04/19/13 - $0.18
Market Cap
751.9M
Average Volume 10 Days
794.1K
EPS TTM
$-0.04
Shares Outstanding
1.1B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAMAC ENERGY INC (CAK)

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camac energy inc (CAK) Details

CAMAC Energy, Inc. explores, develops, and produces oil and gas primarily in Sub-Saharan Africa. Its assets portfolio consists of eight licenses covering an area of approximately 41,000 square kilometers located in Nigeria, Kenya, and the Gambia. The company was formerly known as Pacific Asia Petroleum, Inc. and changed its name to CAMAC Energy, Inc. in April 2010. The company was founded in 2005 and is headquartered in Houston, Texas. CAMAC Energy, Inc. is a subsidiary of CAMAC Energy Holdings Limited.

47 Employees
Last Reported Date: 03/14/14
Founded in 2005

camac energy inc (CAK) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: --
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $65.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $385.0K
Senior Vice President of Exploration & Produc...
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2012.

camac energy inc (CAK) Key Developments

CAMAC Energy Inc. Presents at TPH International Oil & Gas Conference, Apr-10-2014

CAMAC Energy Inc. Presents at TPH International Oil & Gas Conference, Apr-10-2014 . Venue: New York, United States.

CAMAC Energy Inc. Presents at IPAA Oil & Gas Investment Symposia, Apr-07-2014 through Apr-09-2014

CAMAC Energy Inc. Presents at IPAA Oil & Gas Investment Symposia, Apr-07-2014 through Apr-09-2014. Venue: Sheraton NY Times Square Hotel, 811 7th Ave On 53rd Street, New York, New York, United States. Presentation Date(s): Apr-09-2014.

CAMAC Energy Inc. Reports Operational and Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Production and Cash Flow Guidance for Second Half of 2014

CAMAC Energy Inc. reported operational and earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net loss of $5.0 million, or $0.01 per basic and diluted share. For the full year, the company reported net loss of $15.9 million or $0.04 per basic and diluted share. Comprehensive loss attributable to company was $16.17 million against $5.6 million a year ago. Loss from continuing operations before income taxes was $15.9 million against $9.26 million a year ago. Crude oil sales, net of royalties was $7.87 million against $16.62 million a year ago. Operating loss was $15.95 million against $8.68 million a year ago. Net cash used in operating activities was $7.39 million against $5.89 million a year ago. Capital expenditures were $0.6 million against $3.57 million a year ago. For the quarter, the company drilling operations continued with the success of Oyo-7 encountering net oil pay of 115 feet in the Pliocene reservoir, while also confirming the presence of hydrocarbons in the deeper Miocene formation. The Northern Offshore drillship Energy Searcher has been secured for up to two years commencing upon arrival to the Oyo Field in March 2014. Drilling of the horizontal section and completion activities for Oyo-7 will then begin in April 2014. In addition to the drilling rig being secured for up to two years, the floating production, storage, and offloading (FPSO) vessel Armada Perdana has been secured for up to seven years commencing January 1, 2014 for the company existing and future production offshore Nigeria. Kenya: Exploration activities of frontier exploration Blocks L1B/L16 onshore, and Blocks L27/L28 offshore are ongoing in the Lamu Basin in Kenya. An Environmental and Social Impact Assessment Study was completed in February 2014 on Blocks L1B/L16, and preparations are underway for a 2D seismic shoot to occur later in 2014. With the anticipated success of its Oyo development drilling program, specifically, wells #7 and #8, it looks forward to generating substantial operating cash flow beginning in the second half of 2014. The company remains focused on ensuring that CAMAC Energy has a strong balance sheet to support its operational activity and projected growth.

 

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