CAMAC Names Interim CFO

CAMAC Energy Inc. has appointed Earl W. McNiel as interim Chief Financial Officer of the Company effective March 1, 2012.

Mr. McNiel has more than thirty years of experience with public companies, primarily in the energy and waste management industries, and has broad experience in the areas of corporate finance, mergers and acquisitions, and financial reporting. From 2004 to 2009, he served as Vice President and Chief Financial Officer of Transmeridian Exploration Incorporated, an independent oil and gas exploration and production company. From 1994 to 2004, he was a senior executive with Pride International, Inc., an international oilfield service provider and drilling contractor, serving as Chief Financial Officer, Vice President of Planning & Corporate Development, and Chief Accounting Officer. Prior to joining Pride, Mr. McNiel served as a senior financial executive with several waste management companies and an oilfield service company. He began his career in public accounting with a major international accounting firm.

Chairman and CEO Dr. Kase Lawal commented, "Earl's broad experience in the capital markets will help us advance our strategy of exploring and developing our assets in Africa, while simultaneously expanding our footprint through the acquisition of prime frontier exploration acreage. In addition, his extensive background as a public company Chief Financial Officer will be an asset to the management team and strengthen the Company's ability to execute its growth plans."