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Camac Energy Brings Another Heavy Hitter On Board

Published: 01:04 23 Sep 2010 BST

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U.S.-based energy company Camac Energy (NYSE Amex:CAK) has appointed Byron A. Dunn as the company's new president, CEO and board member, effective October 1, 2010.

Dunn previously served as president and CEO of Global Energy Services, a Houston-based drilling rig, power systems and equipment manufacturer with operations in the U.S., Asia and the Middle East.

Prior to that, Dunn was the senior vice president of Harvest Natural Resources (NYSE: HNR). He also served as the vice president of National Oilwell Varco (NYSE: NOV), a $17 billion market cap oilfield equipment company, and previously Dunn spent 6 years at UBS, holding various executive positions in its Global Energy and Power Group.

"We believe Byron's diverse experience within the oil and gas industry and the financial markets will provide the leadership to solidify the company's ability to execute on its business plan as we enter a new phase of growth and expansion," said chairman of Camac, Dr. Kase Lawal.

Upon Dunn's appointment, current Interim CEO Bill Dozier will step down.

Camac, which has operations in Nigeria and China, is engaged in the exploration, development, production and distribution of oil and gas.

The company's principal assets include interests in the Oyo Oilfield, an offshore oil asset in deepwater Nigeria that started production in December 2009, a 100% interest in the Zijinshan gas asset located in the Shanxi Province, China, and the enhanced oil recovery and production business in Northern China.

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