Caracal Energy Inc. provide an operational update summarizing current development and exploration drilling activities in Chad, as well as facilities construction and progress toward first oil production.

Krim Exploration well spudded on August 4 2013, immediately southwest of Mangara development field. Badila-4 appraisal well spudded on August 8 2013, appraising southeast extension of the primary Badila Field. Rig will then move to spud the Bitanda exploration prospect. Development facilities and production

Badila production facilities completed and commissioned and Mangara production facilities scheduled for completion and commissioning Q4 2013.

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