CAMAC Energy announces the arrival of Sedco Express to the Oyo Field 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 www.camacenergy.com. Source: CAMAC Energy Inc. CAMAC Energy 1330 Post Oak Blvd., Suite 2250 Houston, TX 77056 www.camacenergy.com Investors: Chris du Toit Director, Corporate Finance +27 11 881 5681 Direct chris.dutoit@camacenergy.com Christopher D. Heath Director, Corporate Finance and Investor Relations 1 713-797-2945 chris.heath@camacenergy.com Media: Magna Carta Jacques de Bie +27 (0) 11 784 2598 jacques@magna-carta.co.za 29 December 2014 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) 2 Date: 29/12/2014 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.