CAMAC Energy Inc. (CAMAC) is engaged in the exploration, development, and production of oil and gas outside the United States, directly and through joint ventures. The Company�s focus is oil and gas exploration and production operations, which are managed geographically. Its operations are in Nigeria and the People�s Republic of China. Its subsidiaries and joint-ventures includes Pacific Asia Petroleum, Limited, Inner Mongolia Production Company (HK) Limited, Pacific Asia Petroleum (HK) Limited, Inner Mongolia Sunrise Petroleum Co. Ltd., Pacific Asia Petroleum Energy Limited, Beijing Dong Fang Ya Zhou Petroleum Technology Service Company Limited, and CAMAC Petroleum Limited. The OML 120/121 Transaction closed on February 15, 2011.