Seeking Alpha

Camac Energy says preliminary Nigeria well results top expectations

  • Camac Energy (CAK +15.2%) says preliminary results show its deepwater Oyo-7 development probe off Nigeria has hit more oil and less gas pay than expected.
  • The well encountered net oil pay of 115 feet and net gas pay of 93 feet in the gas cap from the currently producing Pliocene reservoir, with excellent reservoir quality.
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