ERIN ENERGY CORPORATION - Erin Energy Announces the Spud of Oyo-9 WellRelease Date: 14/08/2017 15:00:00 Code(s): ERN
Erin Energy Corporation
(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 the Spud of Oyo-9 Well
HOUSTON, August 14, 2017 - 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 6,000 to 7,000 barrels of
oil per day to the field?s current production.
About Erin Energy
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 kilometers
(~5 million acres), including current production and other exploration projects offshore
Nigeria, as well as exploration licenses offshore Ghana 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 or to request a hard copy of the Company?s
most recent complete audited financial statements free of charge, please call +1 713
797 2940 or visit www.erinenergy.com.
Source: Erin Energy Corporation
Lionel McBee, +1 713 797 2960
Director, Investor Relations and Corporate Communications
14 August 2017
Sponsor: Sasfin Capital (a member of the Sasfin Group)
Date: 14/08/2017 03:00:00 Supplied by www.sharenet.co.za
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