Go Back Email this Link to a friend


Erin Energy Corporation - Erin Commences 3d Sesmic Acquisition

Release Date: 20/07/2015 14:14:00      Code(s): ERN     
Erin Energy Corporation
(Formerly CAMAC Energy Inc)
(Incorporated and registered in Delaware, United States of America)
Share code on the NYSE MKT: ERN
Share code on the JSE: ERN
ISIN: US1317452001
(?Erin Energy? or ?the Company?)

Erin Energy Commences 3D Seismic Acquisition
Offshore - The Gambia
HOUSTON, July 20, 2015 ? Erin Energy Corporation (?Erin Energy? or the ?Company?) (NYSE
MKT:ERN) (JSE:ERN) through its subsidiary Camac Energy Gambia Limited, has commenced
the shooting of a 3D seismic survey off the coast of The Gambia. Polarcus Ltd. has been
contracted by the Company to carry out the survey using the Polarcus Alima, an ultra-modern
12 streamer 3D/4D seismic vessel. The survey is expected to take approximately 50 days to
complete and will cover approximately 1,500 square kilometres on Erin Energy?s A2 and A5
blocks.

Kase Lawal, Chairman and CEO of Erin Energy commented: ?The acquisition of 3D seismic
data in this emerging West Africa margin basin will provide valuable pre-drill information that is
key to evaluating the exploration potential of these blocks, which are in close proximity to recent
offshore Senegal oil discoveries. Polarcus has a reputation for high-quality data acquisition and
a commitment to the highest environmental standards, and we are pleased to be working with
them.?

Erin Energy is operator of the A2 and A5 blocks with 100% interest. The A2 and A5 blocks are
located approximately 28 miles (45 kilometers) offshore The Gambia and are on-trend with the
recent FAN-1 and SNE-1 hydrocarbon discoveries offshore Senegal by Cairn (LSE: CNE),
Conoco (NYSE: COP), Petrosen and FAR (ASX: FAR).

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 9 licenses
across 4 countries covering an area of 43,000 square kilometres (10 million acres), including
current production and other exploration projects offshore Nigeria, as well as exploration
licenses offshore Ghana, Kenya and The 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.

Source: Erin Energy Corporation

Contact:
Lionel McBee, +1 713 797 2960
lionel.mcbee@erinenergy.com

Chris du Toit, +27 11 593 7301
chris.dutoit@erinenergy.com

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

20 July 2015

Date: 20/07/2015 02:14:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.