Caracal Listed as a Supporting Company of the EITI

Caracal Energy Officially Listed as a Supporting Company of the Extractive
Industries Transparency Initiative

CALGARY, Aug. 29, 2013 /CNW/ - Caracal Energy Inc. ("Caracal Energy" or the
"Company") is pleased to announce that the Company has been officially listed
as a Supporting Company of the Extractive Industries Transparency Initiative
(EITI) with immediate effect.

Gary Guidry, President & CEO of Caracal Energy, said, "We are proud as a
Company to be part of the EITI. The objectives of EITI align well with our
business ethos of ensuring our conduct and practices benefits all constituents
in the countries and regions in which we operate."

The EITI is a global standard that promotes revenue transparency. It provides a
robust methodology for monitoring and reconciling company payments and
government revenues at the country level. Each implementing country creates its
own EITI process, which is overseen by participants from the government,
companies and national civil society. The international EITI Board and the
International Secretariat are the guardians of the EITI methodology
internationally. More information can be found on the website: http://eiti.org.

About Caracal Energy Inc.

Based in Canada, Caracal Energy Inc. is an international exploration and
development company focused on oil and gas exploration, development and
production activities in the Republic of Chad, Africa. In 2011, the Company
acquired three production sharing contracts ("PSCs") from the government of the
Republic of Chad. These PSCs provide exclusive rights to explore and develop
reserves and resources over a combined area of 26,103 km2 in southern Chad. The
PSCs cover two world-class oil basins with development opportunity, oil
discoveries, and numerous exploration prospects.

 

SOURCE: Caracal Energy Inc.

For further information:

Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
403-724-7200

Longview Communications - Canadian Media Enquiries
Alan Bayless 604-694-6035
Joel Shaffer 416-649-8006

FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113
[e-mail]

 
(CRCL)