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CAMAC ENERGY INCORPORATED - Dealing by a director

Release Date: 01/04/2014 16:15:00      Code(s): CME     
CAMAC Energy Incorporated
(Previously Pacific Asia Petroleum Inc.)
(Incorporated and registered in Delaware, United States of America)
Share code on the NYSE MKT: CAK
Share code on the JSE: CME
ISIN: US1317451011
USA ISIN: US1317451011
(?Camac? or ?the company?)

News Release
April 1, 2014

CAMAC Energy Chairman and CEO to Initiate Stock Purchase Plan
Commits to purchase up to two million shares in the open market

HOUSTON, Texas ? April 1, 2014 ? CAMAC Energy Inc. (?CAMAC Energy?) (NYSE MKT: CAK) announced today that
Kase L. Lawal, Chairman and Chief Executive Officer, has adopted a trading plan in accordance with the guidelines
specified by Rule 10b5-1 under the Securities Exchange Act of 1934, to purchase up to two million shares in the open
market at prevailing market prices and subject to conditions and restrictions relating to volume, price and timing.

"It is my responsibility to demonstrate management?s commitment, leadership, and continued belief in the long-term
prospects of this company,? said Kase Lawal, CAMAC Energy Chairman and Chief Executive Officer. ?We are in a
stronger position today than we?ve ever been in the history of CAMAC Energy. As we continue to develop the Oyo
Field offshore Nigeria and generate strong cash flow, further our development and exploration prospects in Ghana,
Kenya, and Gambia, and continue to pursue opportunities and partnerships, I am confident we will continue to create
value for our shareholders.?

About CAMAC Energy

CAMAC Energy Inc. is an independent oil and gas exploration and production company focused on energy resources
in Africa. Its asset portfolio consists of 9 licenses across 4 countries covering an area of 43,000 square kilometers
(approximately 10 million acres), including production and other projects offshore Nigeria, as well as exploration
licenses offshore Ghana, Kenya and Gambia, and onshore Kenya. CAMAC Energy is headquartered in Houston, Texas,
and is listed on the New York Stock Exchange under the ticker symbol CAK, and on the Johannesburg Stock Exchange
under the ticker symbol CME. For more information about CAMAC Energy, please visit www.camacenergy.com.

Forward-Looking Statements

This press release contains ?forward-looking statements? within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact,
concerning activities, events or developments that the Company expects, believes or anticipates will or may occur in
the future are forward-looking statements. Although the Company believes the expectations reflected in these
forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. The Company?s actual results could differ materially from those anticipated in these
forward-looking statements due to a variety of factors, including the Company?s ability to successfully drill, complete,
test and produce the wells and prospects identified in this release and risk factors discussed in the Company?s periodic
reports filed with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in
their entirety by this cautionary statement. You should not place undue reliance on forward-looking statements,
which speak only as of their respective dates. The Company undertakes no duty to update these forward-looking

Source: CAMAC Energy Inc.

Chris Heath
Director, Corporate Finance and Investor Relations
+1 713-797-2945

1 April 2014

Sasfin Capital (a division of Sasfin Bank Limited)

Date: 01/04/2014 04:15:00 Supplied by www.sharenet.co.za                     
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