CAMAC ENERGY INCORPORATED - Camac Energy to acquire 2D Seismic in KenyaRelease Date: 03/09/2014 14:00:00 Code(s): CME
CAMAC Energy Incorporated
(Incorporated and registered in Delaware, United States of America)
Share code on the NYSE MKT: CAK
Share code on the JSE: CME
USA ISIN: US1317451011
(?Camac Energy? ?the Company?)
CAMAC Energy To Acquire 2D Seismic In Kenya
Covers approximately 300,000 net acres (1,200 sq. km.)
HOUSTON, Texas ? September 3, 2014 - CAMAC Energy Inc. (NYSE MKT: CAK) (JSE: CME) announced
today that its wholly owned subsidiary, CAMAC Energy Kenya Limited, has awarded seismic contracts for
the acquisition of 2D seismic surveys on Block L1B onshore Kenya, and Block L16 partly onshore and partly
offshore Kenya. The contract awards are each subject to negotiation and signing of a definitive agreement
for the provision of seismic services.
BGP Kenya Limited has been engaged to conduct a 2D seismic survey covering 170,000 acres (700 sq.
km.) within Block L1B onshore Kenya.
Polaris Seismic International Limited has been engaged to conduct a 2D seismic survey covering 125,000
acres (506 sq. km.) within Block L16 partly onshore and partly offshore Kenya.
The objectives of the seismic surveys are to identify the geologic prospect elements that could lead to a
commercial hydrocarbon discovery and meet the obligations of the work program. There are five broad play
types in the area that may extend onto CAMAC Energy?s acreage: the pre-rift Permian, Lower Jurassic
Karoo equivalent sequences in tilted fault blocks, Jurassic to Lower Cretaceous synrift sediments in drape
and roll-over anticlines, Upper Cretaceous fans, and the post-rift Tertiary sequences that include
stratigraphic plays and carbonate build-up/reef targets.
Further, CAMAC Energy acquired 2D seismic covering offshore Blocks L27 and L28 in March 2014. These
survey results are currently being processed by WesternGeco, a division of Schlumberger.
"In addition to the environmental and social impact assessment that has been completed, and the airborne
gravity and magnetic survey data that has been acquired, these 2D seismic surveys will continue to
advance our work program and our understanding of the petroleum resource potential in these blocks,? said
Segun Omidele, CAMAC Energy?s Senior Vice President of Exploration and Production.
About CAMAC Energy
CAMAC Energy is an independent oil and gas exploration and production company focused on energy
resources in Africa. Its asset portfolio consists of nine licenses across four countries, including current
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. For more information,
This news 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 develop the assets identified in
this release and risks and other 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-
Source: CAMAC Energy Inc.
Director, Corporate Finance and Investor Relations
Jacques de Bie
+27 (0)11 784 2598
3 September 2014
Sasfin Captal (a division of Sasfin Bank Limited)
Date: 03/09/2014 02:00:00 Supplied by www.sharenet.co.za
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