CAMAC Energy Inc. (CAK) Starts Drilling On Chinese Natural Gas Project
CAMAC Energy Inc. reported that it has started drilling an initial well in the Ordos Basin in China. The well is the first in a two well program planned to explore and develop natural gas in the area. The ZJS-02 well will be drilled at the company’s Zijinshan Gas project in Shanxi Province. If the well is successful, CAMAC Energy Inc. will follow up with the ZJS-03 well. CAMAC Energy Inc. reported that the two well program is based on an appraisal of 160 kilometers of seismic data acquired in the Zijinshan Gas project area. The appraisal began in 2009.…