CAMAC Energy to Present Its Strategic Plan to Grow Production at Rodman & Renshaw Energy Conference in London

May 17, 2010 at Grosvenor House Hotel, London

HARTSDALE, New York--(Business Wire)--
CAMAC Energy Inc. (NYSE Amex: CAK), a U.S.-based energy company engaged in the
exploration, development, production and distribution of oil and gas globally,
today announced that the Company`s President and CEO, Frank C. Ingriselli, will
be presenting at Rodman & Renshaw's 6th Annual Energy Investment Conference on
May 17, 2010 during the opening morning session at the Grosvenor House Hotel in
London, UK.

CAMAC Energy recently announced a successful acquisition of an interest in the
Oyo Oilfield, an offshore Nigerian oil asset that commenced production in
December 2009, and new appointments to its Board of Directors. In his speech at
the upcoming Rodman & Renshaw Conference, Mr. Ingriselli will outline the
Company`s new vision and strategy for further expansion and accelerated growth
in West Africa and China. Central to his discussion will be the 2010 strategic
plan for the Company`s current operations, including the Oyo Oilfield in
Nigeria; its EORP (Enhanced Oil Recovery and Production) business, in which the
Company plans to conduct operations on several hundred wells over the next few
years; and the Company`s Zijinshan coal bed methane (CBM) and natural gas asset
in China, where the Company plans to conduct a several well appraisal program
this year in order to commence commercial gas production at the earliest
possible time.

To listen to the webcast or an archived copy of the Company`s presentation,
please visit CAMAC Energy`s website at www.camacenergy.com. An audio and slide
webcast of the presentation will be available under the "Events and
Presentations" page in the "Investor" section.

To attend the Rodman & Renshaw 6th Annual Energy Investment Conference and
request a one-on-one meeting with Mr. Ingriselli at the conference, please visit
the Rodman & Renshaw website at www.rodmanandrenshaw.com/conferences?id=46

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, through its Pacific Asia Petroleum
subsidiaries, in 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 CBM 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 and was formerly known as
Pacific Asia Petroleum, Inc. CAMAC Energy Inc. is headquartered in Hartsdale,
New York and has an office in Beijing, China.

Cautionary Statement Relevant To Forward-Looking Information

This press release may contain certain "forward-looking statements" relating to
the business of CAMAC Energy Inc. (formerly Pacific Asia Petroleum, 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 the Company to achieve its
commercial objectives; the business strategy, plans and objectives of the
Company 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 the Company`s control and are difficult
to predict, including those discussed in the Company's periodic reports that are
filed with the SEC and available on its website (http://www.sec.gov). 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.

CAMAC Energy Inc.
Bonnie Tang, 914-472-6070 (Media)
PR@camacenergy.com
www.camacenergy.com
or
Liviakis Financial Communications, Inc
John Liviakis, 415-389-4670 (Investor Relations)
John@Liviakis.com
www.liviakis.com

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