Company Description

3 Months Ended

Mar. 31, 2014

Company Description

1. Company Description

CAMAC Energy, Inc. (NYSE MKT: CAK, JSE: CME) is an independent exploration and production company engaged in the acquisition and development of energy resources in Africa. The Company’s asset portfolio consists of nine licenses in four countries covering an area of approximately 43,000 square kilometers (approximately 10 million acres). The Company has producing properties and conducts exploration activities in Nigeria, as well as explorations licenses with significant hydrocarbon potential onshore and offshore Kenya, offshore The Gambia and offshore Ghana.

The Company’s corporate headquarters is located in Houston, Texas.  In addition, the Company has offices in Nairobi, Kenya, Banjul, The Gambia and Lagos, Nigeria.

The Company’s operating subsidiaries are CAMAC Energy Limited, CAMAC Petroleum Limited (“CPL”), CAMAC Energy International Limited, CAMAC Energy Ghana Limited, CAMAC Energy Kenya Limited, CAMAC Energy Gambia A5 Limited and CAMAC Energy Gambia A2 Limited. The terms “we,” “us,” “our,” “Company,” and “our Company” refer to CAMAC and its subsidiaries and affiliates.

The Company’s related parties include CAMAC Energy Holdings Limited (“CEHL”), CAMAC International Nigeria Limited, CAMAC International Limited and Allied Energy Plc. (“Allied”).