ERINQ Erin Energy

Erin Energy Announces the Arrival of Rig to Oyo Field

Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced today the arrival of the Pacific Bora drilling rig to the Oyo field offshore Nigeria. Erin Energy plans to use Pacific Bora to drill the Oyo-9 well (Oyo-9) on the Oyo field in deepwater offshore Nigeria. The Company expects to commence drilling of Oyo-9 in approximately 10 days and the well to add an additional 6,000 to 7,000 barrels per day.

The Pacific Bora is a highly efficient sixth generation double-hulled drillship, which the Company has the option to drill up to two additional wells. If exercised, the rig will be used to drill two of its offshore Nigeria exploration prospects in the prolific Miocene geological zone, which has been proven highly prolific in neighboring blocks.

Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 7 licenses across 4 countries covering an area of 19,000 square kilometres (5 million acres), including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya and Gambia, and onshore Kenya. Erin Energy is headquartered in Houston, Texas, and is listed on the New York and Johannesburg Stock Exchanges under the ticker symbol ERN. More information about Erin Energy can be found at www.erinenergy.com.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, concerning activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Although the Company believes the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect.

The Company’s actual results could differ materially from those anticipated or implied in these forward-looking statements due to a variety of factors, including the Company’s ability to successfully finance, drill, produce and/or develop the wells and prospects identified in this release, and risks and other risk factors discussed in the Company’s periodic reports filed with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. You should not place undue reliance on forward-looking statements, which speak only as of their respective dates. The Company undertakes no duty to update these forward-looking statements.

EN
01/08/2017

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Reports on Erin Energy

 PRESS RELEASE

Erin Energy Announces the Spud of Oyo-9 Well

HOUSTON--(BUSINESS WIRE)-- Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) today announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria. The well is expected to take approximately 62 days to drill and complete. The tie-in of the well to the FPSO for production commencement is expected in the later part of the fourth-quarter 2017. The well is expected to add an additional...

 PRESS RELEASE

Erin Energy to Present at EnerCom’s The Oil & Gas Conference

HOUSTON--(BUSINESS WIRE)-- Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) announced today that Frank Ingriselli, Chairman of the Company’s board of directors, will present at EnerCom’s The Oil and Gas Conference in Denver on Wednesday, August 16th at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). To listen to a live audio webcast and view the presentation materials, visit the Events and Presentations page in the Investors section of the Company’s website at www.erinenergy.com. A r...

 PRESS RELEASE

Erin Energy Announces Second Quarter 2017 Results

HOUSTON--(BUSINESS WIRE)-- Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced today financial and operational results for the quarter ended June 30, 2017. Second Quarter Highlights: Crude sales volumes of more than 309,000 net barrels of oil; $14.6 million in revenue; Average daily production of 5,100 net barrels of oil. “During the second quarter, we produced more than 420,000 net barrels of oil and generated revenues ...

 PRESS RELEASE

Erin Energy Announces the Arrival of Rig to Oyo Field

HOUSTON--(BUSINESS WIRE)-- Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced today the arrival of the Pacific Bora drilling rig to the Oyo field offshore Nigeria. Erin Energy plans to use Pacific Bora to drill the Oyo-9 well (Oyo-9) on the Oyo field in deepwater offshore Nigeria. The Company expects to commence drilling of Oyo-9 in approximately 10 days and the well to add an additional 6,000 to 7,000 barrels per day. The Pacific Bora is a highly efficient sixth generation double-h...

 PRESS RELEASE

Erin Energy Drilling and Production Update

HOUSTON--(BUSINESS WIRE)-- Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) provided an update today on its drilling operations that are expected to double production for the Company and also updated its plans for drilling one of its prime exploration prospects. Erin Energy has finalized its plan to spud Oyo-9 by end of July and has sent a notification to the rig contractor, Pacific Drilling, to this effect. The rig contractor has in turn assured Erin of their readiness to mobilize their sixth...

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