Hydrocarb Energy Corporation (OTCQB:HECC) today reported 2014 year-end proved reserves of 1,021,790 net barrels oil and 12,031MMCF net gas, an oil increase of 55.69 percent over year-end 2013. "This level represents a significant increase of our proved reserves due to a re-evaluation of Proved Undeveloped (PUD) well stock," stated Chuck Dommer, President and Chief Operating Officer.

The table below reconciles the components driving the 2014 reserve increase.

  Proved Reserves Reconciliation net to Hydrocarb     Balance at July 31, 2013 Barrels Oil (thousands) 659.7 MMCF Gas 12,730.4  

Balance at July 31, 2014

Barrels Oil (thousands) 1,021.8 MMCF Gas 12,031.4  

Hydrocarb's Galveston Bay assets now comprise 100 percent of the Company's total proved reserves and contributed 100 percent of Hydrocarb's 2013-reported production. "For the year, we grew our PV-10 value by over 100 percent, moving from $24.5 million to $51.5 million, driven by these re-evaluations and price improvements," said Dommer.

In 2014-2015, Hydrocarb will continue to increase production and improve revenues through infrastructure improvements and pursue further select testing of the Frio formation reservoirs.

About Hydrocarb Energy

Hydrocarb Energy Corporation is a publicly-traded Domestic and International Energy Exploration and Production Company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world. With exploration concessions in Africa, production in Galveston Bay, and Oil Field Services in the United Arab Emirates, we maintain offices in Houston, Texas, Abu Dhabi, UAE and Windhoek, Namibia.

For further information: www.hydrocarb.com.

Forward-looking Statements

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Hydrocarb Energy Corp.Kathi Brogdon, +1 713-970-1590info@hydrocarb.com