Leading Sub-Saharan Africa Portfolio 9 Assets 4 Countries 10.6 MM Gross (10.3 MM Net) Acres Full Operatorship GAMBIA Offshore Acres Interest Partner Operator Block A2 320,000 100% Block A5 343,000 100% GHANA Offshore Acres…
A Transformative 2014 for Erin Energy 270mm Equity Investment Provided acquisition funding and development drilling capital Allied Energy Plc Acquisition Operatorship and 100% interest in our offshore Nigeria assets Ability to…
Offshore Nigeria: Delivering Growth and Value OYO FIELD PRODUCTION OYO FIELD RESERVES BOPD, net before royalties MMBBLs, net after royalties To Be Drilled Completing Completing CAPITAL EXPENDITURES 2.9 BILLION BOE P50…
OML 120/121: Prolific Oil Producing Region BOSI FIELD SONAM FIELD Discovery: 1996 Discovery: 1999 EWO NORTH Production: TBD Production: 2016 est. OYO FAR EAST ExxonMobil 56%, Shell 44% 1 Tcf Chevron 40%, NNPC 60% PROSPECT O 200…
Cross Section: Middle Miocene Regional Play 2,500m 4,500m ERINENERGY.COM 7
OML 120/121: Drill-Ready Exploration Prospects Prospect G: 226 mmbo Ereng: 1,585 mmbo Ewo Deep: 321 mmbo High-grading the exploration portfolio with the application of Prospect P: 245 mmbo geoscience technology Erin Energy…
Oyo Field: Pioneer Deepwater Nigeria Exploration IP Rates of 6,300 9,500 bopd 4.5+ MMbbls EUR/Well Brent+ Pricing: Light, Sweet, 33 to 34 API, Low Sulphur Favorable Economics: 1-2 premium to Brent crude oil pricing Far East…
Demonstrable and Repeated Production Growth DRILLING RIG FPSO Ability to drill development and exploration wells Secured for seven years commencing January 1, 2014 Maximum Drilling Depth: 35,000 ft Oyo: 40,000 BOPD FPSO Water…
Ghana: Three Discoveries in the Tano Basin EXPANDED SHALLOW WATER TANO BLOCK SIGNED APRIL 2014; EFFECTIVE JANUARY 2015 combined surface area of 373,000 acres in water depths of 180380 feet Erin Energy named operator Three field…
Gambia: Prime Deepwater Acreage in an Emerging Basin Oct. 7, 2014 oil discovery Nov. 10, 2014 oil discovery 30 km/18 mi offshore SIGNED MAY 2012; EFFECTIVE AUGUST 2012 WORK PROGRAM combined surface area of 663,000 acres…
9 MM Acres in the Largest Sedimentary Basin in Kenya 4 Blocks in the Lamu Basin awarded in May 2012; effective August 2012 Adamantine Bowleven AWARD DETAILS ETHIOPIA ERHC Oil Discovery Operator with 100% interest Tullow Government…
Drilling Program Focused on Near-Term Cash Flow % April Q2 Country Asset Well 2015 2016 2017 Interest 2015 2015 Oyo-8 First oil Nigeria 120 development well 100% Oyo-7 Nigeria 120 development well 100% First oil Miocene…
Erin Energys Value Creation Model Production and Revenue Growth Reserves and Resources Growth Near-Term High-Impact Exploration Long-Term Frontier Exploration Sub-Saharan Africa Asset Expansion Opportunistic…
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