CAMAC ENERGY INCORPORATED - CAMAC provides operational update

CAMAC provides operational update

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” or “the Company”)

CAMAC Energy Provides Operational Update

HOUSTON, April 16, 2015 - CAMAC Energy Inc. (“CAMAC” or “the Company”) (NYSE MKT: CAK) (JSE:
CME) has been informed by the owner of the Floating Production, Storage, and Offloading vessel (“FPSO”)
Armada Perdana, Bumi Armada Berhad, that the renewal of the FPSO’s class certification is now expected
to be completed by April 24, 2015.

The Oyo-8 well, located in the Oyo field offshore Nigeria, is ready to commence production into the FPSO
upon the vessel’s class certificate renewal.

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 10 million net acres, including 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.

Forward-Looking Statements

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 or implied in these forward-looking
statements due to a variety of factors, including further unanticipated delays in the class certification
process for the Armada Perdana FPSO 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-looking statements.

Source: CAMAC Energy Inc.
CAMAC Energy
330 Post Oak Blvd., Suite 2250
Houston, TX 77056
www.camacenergy.com

Investors:

                                                      1
Chris du Toit, +27 76 424 5167
Chris.dutoit@camacenergy.com

Media:
Lionel McBee, +1 713 797 2960
lionel.mcbee@camacenergy.com

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)




                                                     2

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