HOUSTON--(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.
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.