Erin Energy Corporation - Announces Oyo-8 Well Resumes ProductionRelease Date: 03/05/2016 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 Oyo-8 Well Resumes Production
HOUSTON, May 3, 2016 ? Erin Energy Corporation (?Erin Energy? or the ?Company?) (NYSE MKT:
ERN) (JSE: ERN) announced today the Island Constructor light well intervention (LWI) vessel has
successfully completed work on the Oyo-8 well and the Company has resumed production from the
Erin Energy will now begin a ramp up of production from the well over the next few days to pre-shut in
levels of approximately 7,000 barrels of oil per day. The vessel performed LWI service on the Oyo-8
well, to open the sub-surface controlled sub-surface safety valve (SCSSV), which failed to re-open
following a planned production curtailment in the Oyo field.
?We are pleased to have Oyo-8 back on production with the work completed on time and within
budget,? said Segun Omidele, Chief Operating Officer. ?I thank the team and our service partners for
their quick and efficient work.?
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
Chris du Toit, +27 11 593 7301
3 May 2016
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 03/05/2016 02:00:00 Supplied by www.sharenet.co.za
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