Petroleum Africa
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Tuesday, February 25, 2014
CAMAC Energy saw its shares begin to trade on the JSE on February 24, marking it as the first company to list on the exchange in 2014. It also marks the company as a dual exchange lister, as CAMAC’s main listing is on the NYSE EuroNext.
The company’s portfolio includes eight licenses, including production and other projects off the coast of Nigeria, on and offshore exploration licenses in Kenya, and off the coast of Gambia.
“We are pleased to see CAMAC Energy list on our mainboard today. The listing in Johannesburg gives CAMAC Energy a presence on Africa’s biggest bourse and access to a large and diverse investor base with an array of investors looking to gain exposure to the African continent,” said Zeona Jacobs, Director of Issuer and Investor Relations at the JSE.
“The JSE listing signifies a new chapter in our company’s history and allows access to capital on the continent, as well as providing a new option for investors in terms of diversity. We are especially honored that the PIC has invested in our growth plans with confidence and we welcome them on board as a significant strategic partner on our exciting journey ahead,” commented Dr. Kase Lawal, Chairman and CEO of CAMAC Energy.
“It is important that the JSE lists businesses with assets in Africa. As Sasfin, we are playing our role in bringing African assets to the JSE,” said Noah Greenhill, head of Corporate Finance at Sasfin Capital, which acted as CAMAC Energy’s corporate advisor and sponsor for its listing.
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