Seeking Alpha

Erin Energy Corp. (ERN)

  • Nov. 7, 2011, 4:22 PM
    Camac Energy (CAK +1.6%) closes higher after signing an agreement to acquire independent oil and gas exploration firm Avana Petroleum for $15M in company stock. The company says the purchase will expand its interests the western Indian Ocean and East African regions.
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Company Description
Erin Energy Corp is an independent oil & gas exploration and production company. It is engaged in finding & producing oil in sub-Saharan Africa. It owns producing & exploration properties in offshore Nigeria, offshore Kenya and Gambia, and onshore Kenya.