Leading Sub-Saharan Africa Portfolio 9 Assets 4 Countries 10.6 MM Gross (10.3 MM Net) Acres Full Operatorship THE GAMBIA Offshore Acres Interest Partner Operator Block A2 320,000 100% Block A5 343,000 100% GHANA Offshore Acres…
Established History In The African Energy Sector 1986 Cameroon-American Company (CAMAC) founded as a privately-held agricultural commodities trading company 1990 CAMAC creates Allied Energy Plc (Allied) to focus on upstream…
Established History In The African Energy Sector 2012 Allied re-acquires 40% interest in OMLs 120 and 121 from Eni; Allied becomes 100% owner Awarded 4 Blocks in Kenya, and 2 Blocks in The Gambia 2013 Oyo-7 development well…
Recent Events Transformation to Full Operatorship and Meaningful Production 270mm Equity Investment Provided acquisition funding and development drilling capital Allied Energy Plc Acquisition Operatorship and 100% interest in our…
Offshore Nigeria Current Production and Large Exploration Portfolio 46 mi. (75 km.) offshore 120/121 440,000 acres water depths of 330-3,300 ft (100-1,000 meters) Oyo Field Current production of 14,200 boe/d (94% oil) 397…
Offshore Nigeria Delivering Significant Production Growth and Exploration Upside Oyo Field Daily Production Oyo Field Reserves 20,000 43.7 14,200 BOEPD (94% oil), MMBBLs, net + Oyo-9 7,200 net after before…
Offshore Nigeria Niger Delta Deepwater Seafloor Topography Bosi Field Sonam Field 120 Erha Field 121 Bonga Field ERINENERGY.COM 9
Offshore Nigeria OMLs 120/121: Prolific Oil Producing Region Bosi Field Sonam Field EWO DEEP OYO 321 MMBBLS G 14,200 BOE/D 94% OIL 226 MMBBLS ERENG Erha Field 1,585 MMBBLS P 245 MMBBLS Bonga Field…
Offshore Nigeria High-Grading the Exploration Portfolio with the Application of Geoscience Technology Prospect G 226 MMBO Ereng 1,585 MMBO Ewo Deep 321 MMBO Prospect P 245 MMBO Source: DeGolyer and MacNaughton. Unrisked…
Offshore Nigeria Oyo Field: Pioneer Deepwater Nigeria Exploration IP Rates 6,300-9,500 boepd EUR/Well 4.5 MMbbls Quality Light, Sweet, Low Sulphur, 34 API Economics 1-2 Premium to Brent Far East Area Oyo-4 Oyo-7 Gas…
Offshore Nigeria Demonstrable and Repeated Production Growth FPSO Secured for seven years commencing January 1, 2014 Oyo: 40,000 BOPD FPSO 1.1 Million Barrels Storage Capacity Armada Perdana FPSO ERINENERGY.COM 14
Ghana Near-Term Development, Reserves and Exploration Upside in the Tano Basin 9-21 mi. (14-33 km.) offshore Expanded Shallow Water Tano Block 373,000 acres in water depths of 180-380 feet South Tano Field Discovered in 1978 by…
The Gambia Prime Deepwater Acreage in a New and Emerging Atlantic Margin Basin A2/A5 28 mi. (45 km.) offshore 663,000 acres in water depths of 160-3,900 feet Oil discovered offshore Senegal in Oct. 2014 GNPC Option to participate…
Kenya Frontier Discoveries and Proven Basins Lamu Basin onshore and 9 million acres in the largest sedimentary basin in Kenya 105 mi. (170 km.) offshore Government Option to participate up to 20% upon development Work Program…
Drilling Program is Focused on Near-Term Cash Flow The Oyo Field is Producing 14,200 boe/d (Erin Energy 100%, operator) Q3 Q4 Country Asset Well 2016 2017 2018 2015 2015 appraisal or If deemed to be economic, Ghana ESWT (1)…
Value Creation Model Production and Long-Term Frontier Revenue Growth Exploration Reserves and Sub-Saharan Africa Resources Growth Asset Expansion Near-Term High-Impact Opportunistic Exploration Acquisitions…
Our Team Experienced, Diverse International Management Team Kase Lawal Segun Omidele Nick Evanoff Heidi Wong Chris Hearne Chairman and Senior Vice President, General Counsel and Senior Vice President & Senior Vice President & Chief…
Our Board Distinguished Board of Directors Kase Lawal Lee Brown Bill Campbell John Hofmeister Chairman and Independent Director Independent Director Independent Director Chief Executive Officer Former Mayor, City of Houston Managing…
NYSE: ERN Erin Energy Corporation 1330 Post Oak Blvd., Suite 2250 Houston, Texas 77056 713-797-2940 ERINENERGY.COM
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