![]() Rodman & Renshaw Annual Global Investment Conference September 2011 Partnering for Success Exhibit 99.1 |
![]() Forward Looking Statements 2 This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.These forward looking statements are based on our current expectations about our company, our properties, our estimates of required capital expenditures and our industry. You can identify these forward-looking statements when you see us using words such as "expect", "will", "anticipate," "indicate," "estimate," "believes," "plans" and other similar expressions. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statement include: the preliminary nature of well data, including permeability and gas content, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; expropriation and other risks associated with foreign operations; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K, Quarterly Reports filed on Form 10-Q, and subsequent filings with the Securities and Exchange Commission ("SEC"). We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements. We may use certain terms in this presentation such as "oil in place," "oil zones," "gas zones," "prospective resources" and "projected barrels of crude oil", or other descriptions of volumes of reserves which imply the existence of quantities of resources. These estimates are by their nature more speculative than estimates of proved reserves and accordingly, are subject to substantially greater risk of being actually realized by the Company. Prospective resources are those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. The prospective resources included in the Netherland Sewell and Associates Resources Report indicate exploration opportunities and development potential in the event a petroleum discovery is made and should not be construed as reserves or contingent reserves. This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. Investors are urged to consider closely the disclosure in our SEC filings, available from us at 1330 Post Oak Blvd., Suite 2575, Houston, Texas 77056; Telephone: (832) 209-1404. These filings can also be obtained from the SEC via the internet at www.sec.gov. |
![]() May 2007 - goes public as Pacific Asia Petroleum (PAP) November 2009 - listed NYSE Amex April 2010 - PAP acquires interest in Oyo Field in Block 120 Offshore Nigeria from CAMAC International, changes name to CAMAC Energy Inc. (NYSE Amex: CAK) February 2011 – CAMAC Energy acquires remaining interest in OMLs 120/121 offshore blocks from CAMAC International Unrisked oil prospective resources best estimate 627 MMBbls (NSAI as of 12/31/10) Undiscovered OOIP best estimate 1,908 MMBbls (NSAI as of 12/31/10) About CAMAC Energy 3 History Major Exploration Potential in Prolific Deep Water Nigerian Basin Exploration opportunity to prove gas reserves in Zijinshan Gas Block in China Experienced Management team and distinguished Board of Directors |
![]() Unique Exposure to African Deal Flow Ability to leverage over 25 years of African relationships and business experience through the Company’s Chairman and CEO and its majority shareholder CAMAC International Nigerian indigenous operator status o Local Content Laws encourage Majors to divest to indigenous operators o Majors currently in process of divesting producing assets in Nigeria (i.e. Shell, etc.) Existing integrated local organization able to quickly assimilate new opportunities Frontier African Opportunities Recent discoveries opening new African resource frontiers (i.e. Ghana, Sierra Leone, Liberia, Mozambique, etc.) o Governments seeking regional indigenous operators to participate in value creation Company representatives in Africa identifying attractive prospective acreage China Local, experienced management with strong relationships with private and government partners No significant debt burden Competitive Advantage 4 Nigeria |
![]() AFRICA 5 |
![]() Lagos OML 120/121 Oil Exploration Blocks OML 120 OML 121 6 |
![]() Nigeria Asset Summary Major Exploration Potential in OML 120 & OML 121 Prolific Deep Water Nigerian Basin Netherland Sewell & Associates Best Estimates of Unrisked Prospective Resources: o Oil : 627 million barrels; high estimate of 2.2 billion barrels o Gas : 2 tcf; high estimate of 6.6 tcf Lower risk exploration prospects & leads all defined by 3D seismic Oyo Field in OML 120 Netherland, Sewell & Associates Proved + Probable + Possible Oil Reserves of 47.9 million barrels (gross) Oyo Field began commercial production in December 2009 At least two additional development well locations identified Development wells tied back to FPSO “Armada Perdana” with storage capacity of 1MMBbl, oil processing capacity of 40,000 bopd and gas compression for re-injection capacity of 60MMScfd 7 |
![]() Niger Delta Deep Water – Play Summary 8 |
![]() OML 120/121 Prospect Map |
![]() OML 120 Exploration Block with Oil Production 10 • Block size 917 sq km in shelf to deep water • Water depths of 150 - 1,000meters • Governed by Production Sharing Contract (PSC) with ENI, 11 th largest oil company in the world • Entire block covered with 3D seismic • 7 wells drilled; all found hydrocarbons • 6 in Oyo Field • 1 in Ewo • CAK has a 60% contractual interest • 5-7% economic interest without participation • Up to 30% economic interest with participation • Carried through development, but participated 100% in recent $55MM workover on Oyo #5 well • Oyo Field began producing oil in December 2009 • Gross avg. production 4,109 Bopd in 2Q11 |
![]() OML 121 Exploration Block • Block size 887 sq km in shelf to deep water • Water depths of 150-1,000m • Governed by the same PSC as OML 120 with ENI • Located directly south of OML 120 • Covered by 3D seismic • Ebolibo Field • Encountered more than 90 feet of gas in the Pliocene • Ebolibo-1 drilled in 2007 • CAK has a 60% contractual interest • 5-7% economic interest without participation • Up to 30% economic interest with participation 11 Erha Erha North Oyo Ebolibo 1 Sonam 1 OML 120 OML 121 OML 108 OML 89 OML 91 OML 110 OPL 284-DO OML 133 30 Miles . |
![]() ![]() ![]() OML 120/121 Resource Potential OML 120 Bosi Field 500 MMBbls Miocene Play ExxonMobil OML 121 Erha Fields 500 MMBbls Miocene Play ExxonMobil Sonam Field 1tcf Gas Condensate Miocene Play Chevron OML 120/121 Best Estimate of 627 MMBbls of Unrisked Prospective Resources (1) (1) (1) (1) Per Netherland Sewell & Associates Resources Estimate Report as of 12/31/10; all prospects seismically defined OML120/121 Unrisked Oil Prospective Resources In MMBBLs Best High 16 Prospects/Leads Estimate Estimate Ereng Prospect 129.6 515.1 Kigbo Prospect 95.2 299.7 Eba Prospect 91.1 354.2 Ewo Deep Prospect 76.4 349.3 Ewo P Prospect 38.7 81.3 Other 11 Prospects/Leads 195.7 631.7 TOTAL 626.7 2,231.3 OML120/121 Undiscovered Oil In Place In MMBBLs Best High 16 Prospects/Leads Estimate Estimate Ereng Prospect 393.1 1,442.9 Kigbo Prospect 288.1 825.9 Eba Prospect 277.6 1,002.8 Ewo Deep Prospect 231.6 988.7 Ewo P Prospect 117.3 211.9 Other 11 Prospects/Leads 600.2 1,783.6 TOTAL 1,907.9 6,255.8 12 |
![]() Frontier Opportunities 13 Kuyere-1 201mmboe Opuyei-1 150 mmboe *Windjammer-1 528mmboe *Barquentine-1 528mmboe *Lagosta-1 528mmboe Ironclad-1 59mmboe Source: Renaissance Capital, BP and Wood Mackenzie Mercury-1 300mmboe Cabaca SE-1 270mmboe Mpungi-1 66mmboe Owo-1 200mmboe Dzara-1 100mmboe *Chewa-1 176mmboe *Pweza 1.1Tcf Tanzania Mozambique Nigeria Angola Ghana Sierra Leone Mpyo 50mmboe Uganda Marine -2 50mmboe Marine -3 50mmboe Congo Estimated reserves provided * Indicated primarily gas find Major 2010 African Discoveries!!! |
![]() Current West African Activity 14 Source: African Petroleum Presentation, August 2011 |
![]() CHINA OPERATIONS 15 |
![]() Zijinshan Location 16 |
![]() • 100% interest in the exploration phase • 60% interest in the development phase • Partnered with PetroChina CBM • 175,000 net acres or 708.1Km 2 • Ordos Basin, Shanxi Province – the 2 nd largest oil and gas basin in China • Significant gas pipeline infrastructure • Drilled ZJS#’s 1, 2, 3 & 4 Gas shows at several intervals in wells ZJS#’s 2,3 & 4 • Three more wells to be drilled 2011-2013 o Well ZJS#5 scheduled for late 2011 • The Company estimates recoverable gas resource of 300 Bcf for the entire block based on volumetric calculations using regional data assumptions and preliminary Zijinshan field-specific data Zijinshan Exploration Block 17 |
![]() LX0001 + + + + + + + — + + + + + + ZJS1 The block is structurally divided into 3 parts: Western folded belt, Central depression, and Eastern faulted folds Structure Map of Shanxi Formation 18 |
![]() Work with partner to fast track development and exploration program on OML 120/121 Execute opportunistic and accretive acquisitions of marginal producing fields with development upside o Leverage 5 year ROFR with affiliated Nigerian Oil & Gas Co. Allied Energy, PLC Form strategic partnerships to participate in the Majors’ asset divestiture programs Use existing integrated local organization to manage opportunities Operate acquired fields to leverage and build upon technical capabilities Identify promising assets in West, Central & East Africa Execute accretive acquisitions of producing fields with development upside Leverage relationships and indigenous status for positions in prime exploration acreage China De-risk Chinese gas asset through low cost exploration program for near term monetization and reinvest proceeds in core African opportunities Growth Strategy 19 Nigeria Frontier African Opportunities |
![]() Ticker (NYSE Amex): CAK Market Capitalization (8/31/11) $128 million 52 Week Price Range: $0.74 - $3.95 Average Daily Volume (last 90 days) 568,503 Shares Outstanding 154.2 million Management, Directors & Affiliates 58% Company Profile 20 |
![]() Dr. Kase Lawal Chairman & Chief Executive Officer Over 25 years as CEO & Chairman of CAMAC International,, a private African-focused diversified energy co. Commissioner on the Port of Houston Authority Vice Chairman of Houston Airport Development System Corp. Member of President Obama’s White House Advisory Committee for Trade Policy and Negotiation Member of Presidential Trade Advisory Committee on Africa during both President Bush’s and Clinton’s Administrations Member of Nigerian President Jonathan’s 26 Member Presidential Advisory Council Ed Caminos Senior Vice President & Chief Financial Officer Former Chief Financial Officer of BPZ Resources, a publicly traded independent oil & gas company focused on South America Over 15 years of international energy industry related experience with Schlumberger, Reliant Energy & Duke Energy Began career with international public accounting firm KPMG Peat Marwick Certified Public Accountant Alan Halsey Senior Vice President of Exploration & Production Former Vice President and COO of Transmeridian Exploration, an independent oil and gas co. in Houston, TX Over 21 years at Texaco; most recently as Chairman and Managing Director of Texaco Upstream Companies in Nigeria Former General Manager of Texaco’s Angola oil and gas operations Former President of Texaco’s affiliate in Colombia, South America Degree in Oil Technology from Imperial College of Science and Technology, London University Management 21 |
![]() Board of Directors Dr. Kase Lawal Chairman and CEO of CAMAC Energy Inc. Commissioner on the Port of Houston Authority Vice Chairman of Houston Airport Development System Corp. Member of President Obama’s White House Advisory Committee for Trade Policy and Negotiation Member of Presidential Trade Advisory Committee on Africa during both President Bush’s and Clinton’s Administrations Member of Nigerian President Jonathan’s 26 Member Presidential Advisory Council Dr. Lee Patrick Brown Chairman of the Board of Unity National Bank Former Mayor of Houston Former Commissioner of the New York, Atlanta, and Houston Police departments Former Director of the White House Office of National Drug Control Policy under President Clinton William Campbell Principal and Managing Director of PPPCo-CB Energy, LLC; private oil and gas exploration co. Nearly thirty years of diverse management in finance, legal, land and marketing J. Kent Friedman Partner in Public Law Group in Houston Office of Haynes and Boone, LLP Vice Chairman of the Board and General Counsel of MAXXAM Inc.; a diversified public holding company John Hofmeister Head of Citizens for Affordable Energy Former President of Shell Oil Company Hazel O’Leary President of Fisk University Former Secretary of Energy under President Clinton Ira Wayne McConnell Managing Partner and Founder of McConnell & Jones LLP; Certified Public Accountants Former Chairman of the Audit Committee of the American Heart Association 22 |
![]() Houston Office 1330 Post Oak Boulevard, Suite 2575, Houston, Texas USA 77056 Tel: 832-209-1404 Fax: 832-201-1786 Nigeria Office Plot 1649, Olosa Street, Victoria Island Lagos, Nigeria Tel: +234-1-4603340-2 Fax: +234-1-2704271 Beijing Office Suite 508-510, Nexus Centre, 19A Dong San Huan Bei Lu, Chaoyang District, Beijing, 100020, People’s Republic of China Tel: +86 10 5967 0444 Fax: +86 10 5967 0488 CAMAC Energy Corporate Website www.camacenergy.com Email: IR@camacenergy.com Contact Information 23 |
![]() THANK YOU 24 |