14:00 | 22.09.2010
CAMAC Energy Appoints Byron A. Dunn as President and CEO

Energy Inc. (NYSE Amex:CAK) today announced the appointment of Byron
A. Dunn as the Company’s new President, Chief Executive Officer, and
member of the Board of Directors, effective October 1, 2010.

Commenting on the appointment, Dr. Kase Lawal, the Chairman of CAMAC
Energy, stated: “We are excited to announce that the Board has
unanimously elected Byron to the position of President, CEO, and member
of the Board of Directors. We believe Byron’s diverse experience within
the oil and gas industry and the financial markets will provide the
leadership to solidify the Company’s ability to execute on its business
plan as we enter a new phase of growth and expansion.”

As a seasoned leader with over 30 years of experience across global oil
and gas operations, including the oil service industry and global
capital markets, Mr. Dunn has an established history of driving positive
operational and financial results at the companies he has led.

Mr. Dunn previously served as President and Chief Executive Officer of
Global Energy Services, a Houston-based drilling rig, power systems and
equipment manufacturer with operations in the U.S., Asia, and the Middle

Prior to that, Mr. Dunn served as the Senior Vice President of Harvest
Natural Resources (NYSE: HNR) and as the Chairman of its joint venture
with China National Offshore Oil Corporation (CNOOC). He also served as
the Vice President of National Oilwell Varco (NYSE: NOV), a $17 billion
market cap oilfield equipment company, and prior to that Mr. Dunn spent
6 years at UBS, holding various executive positions in its Global Energy
and Power Group, including Executive Director of its Investment Banking

Earlier in his career, Mr. Dunn managed Phibro Energy’s Upstream
Business Development and Acquisitions, and developed technical expertise
as a drilling engineer with Chevron with oversight of production and
reservoir engineering support staff in the Gulf of Mexico.

Mr. Dunn is a graduate of the Illinois Institute of Technology with a
Bachelor of Science in Chemical Engineering, and has a Masters in
Business Administration (MBA) from the University of Chicago.

On his appointment, Mr. Dunn stated, “This is an exciting time to be
part of CAMAC Energy. With its recent commencement of positive cash flow
and active acquisition opportunities and drilling prospects, the growth
potential ahead of the Company is abundant. I am grateful to all the
directors of CAMAC Energy for giving me the opportunity to lead the
company. CAMAC Energy has an extraordinary and visionary senior
leadership base and a unique set of assets which provide a platform for
sustained growth in revenue, profitability and shareholder value.”

Upon the effectiveness of Mr. Dunn’s appointment, current Interim CEO
Bill Dozier will step down from the Interim CEO position that he has
held since August 2010.

For a complete bio of Mr. Dunn, please visit CAMAC Energy’s corporate
website at
About CAMAC Energy Inc.CAMAC
Energy Inc. (NYSE Amex: CAK) is a U.S.-based energy company engaged
in the exploration, development, production and distribution of oil and
gas. The Company focuses on early cash flow and high-return global
energy projects and currently has operations in Nigeria and China. The
Company’s principal assets include interests in the Oyo Oilfield, an
offshore oil asset in deepwater Nigeria that started production in
December 2009, a 100% interest in the Zijinshan gas asset located in the
Shanxi Province, China, and the Enhanced Oil Recovery and Production
business in Northern China. The Company was founded in 2005. CAMAC
Energy Inc. has offices in Hartsdale, New York; Houston, Texas; Beijing,
China and Lagos, Nigeria.
Cautionary Statement Relevant To Forward-Looking Information
This press release may contain certain “forward-looking statements”
relating to the business of CAMAC Energy Inc. (the “Company”) and its
subsidiaries. All statements, other than statements of historical fact
included herein are “forward-looking statements” including statements
regarding: the general ability of CAMAC Energy Inc. to achieve its
commercial objectives; the business strategy, plans and objectives of
CAMAC Energy Inc. and its subsidiaries; and any other statements of
non-historical information. Words such as “anticipates,” “expects,”
“plans,” “projects,” “believes,” “seeks,” “estimates,” and similar
expressions are intended to identify such forward-looking statements.
The statements are based upon management’s current expectations,
estimates and projections, are not guarantees of future performance, and
are subject to a variety of risks, uncertainties and other factors, some
of which are beyond CAMAC Energy Inc.’s control and are difficult to
predict, including those discussed in CAMAC Energy Inc.’s periodic
reports that are filed with the SEC and available on its website (
You should not place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. Unless legally
required, CAMAC Energy Inc. undertakes no obligation to update publicly
any forward-looking statements, whether as a result of new information,
future events or otherwise.

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