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Erin Touts Oyo Well Completions in 4Q; Details Results
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Erin Energy Corporation reported financial and operational results for the year ended December 31, 2015.
2015 Highlights: Proved reserves up 32% Crude sales volumes of more than 1.4 million net barrels of oil, a 186% increase over 2014 $68.4 million in revenue, a 27% increase over 2014 Achieved peak gross production rate of 13,100 barrels oil per day (11,500 net) Completed seismic acquisitions in The Gambia and Kenya“During 2015, we produced approximately 1.6 million net barrels of oil and generated revenues of more than $68 million,” said Kase Lawal, Chairman and Chief Executive Officer. “Even with the huge decline in commodity prices, 2015 was a year of significant milestones for Erin Energy, in which we completed the phase one of the Oyo expansion campaign, increased our reserves…
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