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CAMAC ENERGY INCORPORATED - CAMAC Energy announces the arrival of Sedco Express to the Oyo Field

Release Date: 29/12/2014 15:00:00      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
ISIN: US1317451011
USA ISIN: US1317451011
(?CAMAC Energy? or ?the Company?)

CAMAC Energy announces arrival of Sedco Express to the Oyo Field

Drilling rig to complete the horizontals of the Oyo-7 and Oyo-8 wells

HOUSTON, Texas ? December 29, 2014 - CAMAC Energy Inc. (?CAMAC? or the ?Company?) (NYSE MKT:
CAK) (JSE: CME) announced today that the semi-submersible drilling unit, Sedco Express, has arrived to
the Oyo Field located in OML 120 offshore Nigeria. The Company has contracted the Transocean Sedco
Express to expedite the timing of production tie-in from the Oyo-7 and Oyo-8 development wells.

The Sedco Express is under contract for use on up to three wells and the Company intends to use the rig to
complete the Oyo-7 and Oyo-8 wells horizontally. CAMAC is also considering using the rig to drill the
Company?s first Miocene-target exploration well.

About CAMAC Energy

CAMAC Energy is an independent oil and gas exploration and production company focused on energy
resources in sub-Saharan Africa. Its asset portfolio consists of nine licenses across four countries covering
an area of 43,000 square kilometers, including current production and other exploration 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 about CAMAC Energy, please visit

Source: CAMAC Energy Inc.

CAMAC Energy
1330 Post Oak Blvd., Suite 2250
Houston, TX 77056

Chris du Toit
Director, Corporate Finance
+27 11 881 5681 Direct

Christopher D. Heath
Director, Corporate Finance and Investor Relations


Magna Carta
Jacques de Bie
+27 (0) 11 784 2598

29 December 2014

Sasfin Capital (a division of Sasfin Bank Limited)


Date: 29/12/2014 03:00:00 Supplied by www.sharenet.co.za                     
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