CAMAC Energy Inc. reported that Allied Energy PLC (Allied), an affiliate of the Company's largest shareholder and the operator of its Nigerian deep water blocks, OML 120 and OML 121, has engaged Halliburton Energy Services Inc. (Halliburton) as consultant for the drilling of Oyo #7 well currently scheduled to spud in the first quarter of 2013.

Halliburton will provide a study to assess the feasibility, complexity and operational risk associated with successfully drilling and completing Oyo well #7 as currently proposed. Halliburton will also provide ideas for alternative configurations of the well that could both reduce risk and cost while achieving the objectives of testing the exploration target in the Miocene and producing from the currently producing Pliocene sands.

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