CAMAC Energy Inc. Announces
Commencement of Drilling
Operations at Oyo-7 Well
HOUSTON, Sept. 12, 2013 /PRNewswire/ -- CAMAC
Energy Inc. (NYSE MKT: CAK) ("the Company" has
been informed by Allied Energy PLC ("Allied" that
drilling operations at the Oyo-7 well commenced on
September 9, 2013 using Transocean's Sedneth 701
drilling rig. The drilling of the pilot hole to assess
shallow hazards around the Oyo-7 location was
successfully completed. The rig is being positioned over
the actual Oyo-7 location after which drilling operations
will continue.
About CAMAC Energy Inc.
CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S.-based
energy company engaged in the exploration,
development and production of oil and gas. The
Company's principal assets include interests in OML
120 and OML 121, offshore oil and gas leases in deep
water Nigeria which include the currently producing Oyo
Oilfield, and six recently acquired exploration blocks in
Kenya and The Gambia. The Company is currently
pursuing further additions to its exploration portfolio in
East and West Africa. The Company was founded in
2005 and has offices in Houston, Texas, Nairobi, Kenya,
Banjul, Gambia and Lagos, Nigeria.

Is this a joke or real.

Oyo 1, OML 120 and OML 121 are off the coast of delta state but in the deep zone ie beyond the 200 nautical miles range and hence state govt does not get 13% derivation from such well.
The field is called oyo but not any way close to oyo state. hope this answers your question.

One can almost plot the outline of the boundary between Rivers and the South Eastern states using the oil wells.....Gowon and his helpers did a sterling job!

IGBO-SON:
One can almost plot the outline of the boundary between Rivers and the South Eastern states using the oil wells.....Gowon and his helpers did a sterling job!

not true thats not a conclusive map of oil fields in nigeria i just choose the one that clearly shows the location of the oyo oil field.

ujoinme:

not true thats not a conclusive map of oil fields in nigeria i just choose the one that clearly shows the location of the oyo oil field.

^^^Could you provide a comprehensive map of all the 'active' oil wells, or a link/reference? I'd like to know what exactly Abia and Imo have as they seem to receive an insignificant derivation payment.....esp' Abia that wears the toga of 'oil producing state'!

Its just a name not related to the location

How many local govt areas produce oil in abia/imo states vis-avis Rivers , Bayelsa or Delta state b4 u talk of significant and insignificant. U like to politicise and tribalise everything in Nigeria.

Oyo state na oil producing state but palm oil sha.

Oyo was †ђξ first palm oil producing state in Nigeria
Oil na Oil