Erin Energy Corporation - Announces Lwi Vessel En Route To Oyo FieldRelease Date: 29/03/2016 14:00:00 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
(?Erin Energy? or ?the Company?)
Erin Energy Announces LWI Vessel En Route to Oyo Field
HOUSTON, March 29, 2016 ? Erin Energy Corporation (?Erin Energy? or the ?Company?) (NYSE MKT:
ERN) (JSE: ERN) announced today the Island Constructor light well intervention (LWI) vessel (the
vessel) has departed Skalevic, Norway and is en route to the Oyo field, offshore Nigeria.
The vessel will be used for LWI service on the Oyo-8 well (Oyo-8), which has been necessitated by the
failure of the well?s sub-surface controlled sub-surface safety valve (SCSSV) to open following a
planned production curtailment in the Oyo field. The Company expects to complete the intervention and
re-opening of the SCSSV in April 2016.
The vessel is anticipated to arrive on the Oyo field mid-April and will immediately commence work on
Oyo-8. The Company expects the intervention to take a few days to complete and to subsequently re-
establish production from the well.
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 40,000 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.
For more information about Erin Energy visit www.erinenergy.com.
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
Lionel McBee, +1 713 797 2960
Director, Investor Relations and Corporate Communications
Chris du Toit, +27 11 593 7301
29 March 2016
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)
Date: 29/03/2016 02:00:00 Supplied by www.sharenet.co.za
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