USA-based explorer Camac Energy has implemented a series of changes, which includes a change of name to Erin Energy Corporation
The company has also implemented a reverse stock split of its common stock pursuant to which each six shares of common stock will be converted into one share of common stock with effect from 22 April 22 2015.
Chairman and CEO Kase Lawal said, “These important actions together with our impending production from the Oyo field 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 organisation 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.”