HomeIndustry SectorsFinance and PolicyTexan oil and gas group’s JSE listing

Texan oil and gas group’s JSE listing

Texas headquartered Camac Energy received formal approval from the Johannesburg Stock Exchange to commence trading on the South African bourse’s main board in the oil and gas producers sector.

Camac Energy is an independent oil and gas exploration and production company focused on energy resources in Africa. Its asset portfolio consists of eight licenses in three countries covering 41,000 square kilometres, including production and other projects offshore Nigeria, as well as exploration licenses offshore and onshore Kenya, and offshore Gambia.

The company expects its common stock to begin trading on the New York Stock Exchange (NYSE MKT: CAK), and the Johannesburg Stock Exchange (JSE: CME), at the dividend-adjusted price on February 24, 2014, which is also the ex-dividend date.