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JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp.

Erin Energy Corp. · Jun 1, 2015 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 1
    Investor Presentation Spring 2015
  2. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 2
    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…
  3. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 3
    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…
  4. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 4
    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…
  5. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 5
    Recent Events Transformation to full operatorship 270mm Equity Investment Provided acquisition funding and development drilling capital Allied Energy Plc Acquisition Operatorship and 100% interest in our offshore Nigeria assets…
  6. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 6
    Offshore Nigeria Cornerstone of the African Oil Industry 46 miles offshore 120/121 440,000 acres in water depths of 330-3,300 feet Oyo Field Current production of 7,080 bbls/d OMLs Leases expire February 26, 2021 Erin…
  7. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 7
    Offshore Nigeria Delivering Growth and Value Oyo Field Daily Production Oyo Field Reserves 20000 43.7 14000 BOPD, net MMBBLs, before net after 7080 royalties 17.4 royalties 9.1 2000 1300 2013 2014 May…
  8. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 8
    Offshore Nigeria Niger Delta Deepwater Seafloor Topography Bosi Field Sonam Field 120 Erha Field 121 Bonga Field ERINENERGY.COM 9
  9. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 9
    Offshore Nigeria OML 120/121: Prolific Oil Producing Region Bosi Field Sonam Field EWO DEEP OYO 321 MMBBLS G 226 MMBBLS ERENG Erha Field 1,585 MMBBLS P 245 MMBBLS Bonga Field BONGA NORTH WEST 6.2…
  10. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 10
    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…
  11. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 11
    Offshore Nigeria Cross-Section: Middle Miocene Regional Play 2,500m Regional Seal: Middle Miocene Regional Shale Reservoir: Agbada Sands 4,500m Source Rock: Akata Shales OMLs 120 and 121 440,000 net acres 46 mi (75 km)…
  12. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 12
    Offshore Nigeria Oyo Field: Pioneer Deepwater Nigeria Exploration IP Rates 6,300-9,500 bopd EUR/Well 4.5 MMbbls Quality Light, Sweet, Low Sulphur, 34 API Economics 1-2 Premium to Brent Far East Area Oyo-4 Gas injection…
  13. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 13
    Offshore Nigeria 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…
  14. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 14
    Ghana Near-Term Development, Reserves and Exploration Upside in the Tano Basin 9-21 miles offshore Expanded Shallow Water Tano Block 373,000 acres in water depths of 180-380 feet South Tano Field Discovered in 1978 by Phillips…
  15. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 15
    The Gambia Prime Deepwater Acreage in a New and Emerging Atlantic Margin Basin A2/A5 18 miles offshore 663,000 acres in water depths of 160-3,900 feet Oil discovered offshore Senegal in Oct. 2014 GNPC Option to participate up to…
  16. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 16
    Kenya Frontier Discoveries and Proven Basins Lamu Basin 9 million acres in the largest sedimentary basin in Kenya Government Option to participate up to 20% upon development Work Program Onshore L1B/L16 Exploration period…
  17. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 17
    Drilling Program is Focused on Near-Term Cash Flow The Oyo Field is Currently Producing 7,080 bbls/d June Country Asset Well 2015 2016 2017 2018 2015 Oyo-7 Nigeria 120 development well 100% First oil Exploration well Nigeria…
  18. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 18
    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…
  19. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 19
    Our Team Experienced, Diverse International Management Team Kase Lawal Chris Hearne Segun Omidele Chairman and Senior Vice President & Senior Vice President, Chief Executive Officer Chief Financial Officer Exploration & Production…
  20. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 20
    Our Board Distinguished Board of Directors Kase Lawal Lee Brown Bill Campbell John Hofmeister Chairman & Independent Director Independent Director Independent Director Chief Executive Officer Dan Matjila Wayne McConnell Hazel…
  21. JUNE 2015 INVESTOR PRESENTATION – Erin Energy Corp. – slide 21
    NYSE: ERN Erin Energy Corporation 1330 Post Oak Blvd., Suite 2250 Houston, Texas 77056 713-797-2940 ERINENERGY.COM

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