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CAMAC Provides Operations Update on Oyo #5 Well

Source: www.gulfoilandgas.com 1/25/2011, Location: Africa

CAMAC Energy Inc. a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that the well intervention operation on the Oyo #5 well, located in the Oyo Field located offshore Nigeria, which commenced in December 2010 to reduce the gas production from the well, has been successfully completed.

The well has been tied back into the FPSO, and further cleanup and data collection to determine optimal flow rate is ongoing. Early results have been encouraging and confirm the reduction in gas production from the well.

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