Houston-based Africa focused explorer CAMAC Energy is changing its name to Erin Energy following a reverse stock split - each six shares of common stock were converted into one share of common stock.
Kase Lawal, Erin's Chairman and CEO, said: “These important actions together with our impending production from the Oyo field [offshore Nigeria] are the next phase of our company’s transformation into a focused, world-class, international exploration and development company.
"We are a fundamentally different company than we were a few years ago, and our rebranded company represents the transformation our organization has undergone over time. As we anticipate production tie-in from the Oyo-8 and Oyo-7 wells, it is with great excitement that we look to the future and the significant growth potential of Erin Energy.”