Filing of Preliminary Base Shelf Prospectus in ...

Caracal Energy Inc. Filing of Preliminary Base Shelf Prospectus in Canada

CALGARY, Oct. 11, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the
"Company"), (LSE: CRCL), announces that it has filed a preliminary short form
base shelf prospectus ("Preliminary Base Shelf Prospectus") with the securities
regulatory authorities in each of the Provinces of Canada, other than the
Province of Quebec.

The Canadian regime of a base shelf prospectus allows the Company to offer
common shares, subscription receipts, warrants and debt securities
(collectively, the "Securities") or any combination thereof up to an aggregate
offering price of US$1,000,000,000 during a 25-month period that a base shelf
prospectus remains effective. Securities may be offered separately or together,
in amounts, at prices and on terms to be determined based on market conditions
at the time of sale and set forth in an accompanying supplement that would be
also provided with the base shelf prospectus to investors. Unless otherwise
specified in a supplement, the net proceeds from the sale of the Securities
under this regime would be used for general corporate purposes, to repay
indebtedness and to fund capital expenditures.

Caracal has filed this Preliminary Base Shelf Prospectus to maintain financial
flexibility and to have the ability to offer the Securities on an accelerated
basis, once a supplement is filed over the 25-month time frame. There is no
certainty that any offering of Securities will occur under this regime within
the 25-month period.

A copy of the Preliminary Base Shelf Prospectus will be available on SEDAR (
www.sedar.com).

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
entered into 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.

Cautionary Statement

Certain of the information contained in this press release constitutes
forward-looking statements under applicable securities law, such as estimates
and statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements are often identified
by terms such as "may," "should," "would," "anticipate," "expects," "seeks" and
similar expressions. Although Caracal believes that the expectations and
assumptions on which such forward-looking statements and information are
reasonable, undue reliance should not be placed on the forward-looking
statements and information because Caracal can give no assurance that such
statements and information will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature, they
involve inherent risks and uncertainties.

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]