CAMAC: Oyo-7 Drilling Begins (Nigeria)

CAMAC Energy Inc. has been informed by Allied Energy PLC (“Allied”) that drilling operations at the Oyo-7 well commenced on September 9, 2013.

The Company is using Transocean’s Sedneth 701 drilling rig for this project.

The drilling of the pilot hole to assess shallow hazards around the Oyo-7 location was successfully completed. The rig is being positioned over the actual Oyo-7 location after which drilling operations will continue.

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Press Release, September 13, 2013