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Camac Energy +10% on news of Nigeria strike

Aug. 04, 2014 10:59 AM ETErin Energy Corporation (ERINQ) StockBy: Carl Surran, SA News Editor
  • Camac Energy (CAK +9.9%) spikes higher after saying it has struck more net pay at a Nigerian well after intersecting multiple new reservoirs.
  • Announcing preliminary results of a successful Oyo field development well offshore Nigeria, CAK says the Oyo-8 well was drilled to a total depth of 6K ft. and successfully encountered four new oil and gas reservoirs with total gross hydrocarbon thickness of 112 ft.

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