Shares of CAMAC Energy Inc. (AMEX: CAK) soared in
trading on Friday after the Houston, Texas-based company provided update on
Nigerian OMLs 120/121 and West African growth. The company also announced that
it executed definitive agreement with Avana Petroleum.
CAMAC Energy shares rose to an intra-day high of
$1.17. The stock ended the day more than 14% higher on above average volume.
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