Pacific Asia Petroleum to acquire CAMAC Oyo field interest

Pacific Asia Petroleum has signed a purchase and sale agreement to acquire CAMAC Energy Holdings’ (CAMAC) interest in the Oyo oilfield, offshore Nigeria.

Offshore staff

HARTSDALE, New York -- Pacific Asia Petroleum has signed a purchase and sale agreement to acquire CAMAC Energy Holdings’ (CAMAC) interest in the Oyo oilfield, offshore Nigeria.

The transaction is expected to close in 1Q 2010 and is subject to certain closing conditions.

11/23/2009

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