Petroleum Africa
Find us on: 
Wednesday, January 29, 2014
CAMAC Energy Inc.’s board of directors approved a stock dividend on shares of its common stock. Stockholders of record at the close of business on February 13 will receive 1.4348 additional shares of common stock for each share of common stock held. The stock dividend will be payable on or about February 21, subject to the below conditions, and cash will be paid in lieu of issuing fractional shares. CAMAC expects its common stock to begin trading at a post dividend-adjusted basis on February 24.
Payment of the stock dividend is conditioned on the approval by the company’s stockholders at the special meeting of stockholders of certain proposals related to the CAMAC’s proposed acquisition of interests in the production sharing contract covering OML 120 and 121 offshore Nigeria. It also includes a proposal to amend its certificate of incorporation to increase the number of authorized shares of common stock and the approval of the listing of the CAMAC’s common stock on the Johannesburg Stock Exchange, which is anticipated to be received prior to February 13.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
