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September 2015 Investor Presentation – Erin Energy Corp.

Erin Energy Corp. · Sep 16, 2015 · 18 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. September 2015 Investor Presentation – Erin Energy Corp. – slide 1
    Investor Presentation September 2015
  2. September 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. September 2015 Investor Presentation – Erin Energy Corp. – slide 3
    Established History In The African Energy Sector 1992 OPL 210 awarded to Allied, the first indigenous Nigerian oil company to be awarded and named operator of a deepwater license 1995 Allied (60%)/Statoil (20%)/BP (20%)…
  4. September 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. September 2015 Investor Presentation – Erin Energy Corp. – slide 5
    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…
  6. September 2015 Investor Presentation – Erin Energy Corp. – slide 6
    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 Production 11,500 BOPD, net of royalties 321 mmbbls…
  7. September 2015 Investor Presentation – Erin Energy Corp. – slide 7
    Offshore Nigeria Delivering Significant Production Growth and Exploration Upside Average Daily Production, Oyo Field 2P Reserves, Oyo Field 17.4 Erin becomes operator 11,500 BOPD, MMbbls, 6,725 net of net of royalties…
  8. September 2015 Investor Presentation – Erin Energy Corp. – slide 8
    Offshore Nigeria OMLs 120/121: Prolific Oil Producing Region Bosi Field Sonam Field 120 Erha Field 121 Bonga Field ERINENERGY.COM 9
  9. September 2015 Investor Presentation – Erin Energy Corp. – slide 9
    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…
  10. September 2015 Investor Presentation – Erin Energy Corp. – slide 10
    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 Legend Location Map OMLs 120 and 121 440,000 net…
  11. September 2015 Investor Presentation – Erin Energy Corp. – slide 11
    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-7 Jun. 2015 IP…
  12. September 2015 Investor Presentation – Erin Energy Corp. – slide 12
    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…
  13. September 2015 Investor Presentation – Erin Energy Corp. – slide 13
    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…
  14. September 2015 Investor Presentation – Erin Energy Corp. – slide 14
    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…
  15. September 2015 Investor Presentation – Erin Energy Corp. – slide 15
    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…
  16. September 2015 Investor Presentation – Erin Energy Corp. – slide 16
    Drilling Program is Focused on Near-Term Cash Flow The Oyo Field is Producing 11,500 bopd, net (Erin Energy 100%, operator) Q3 Q4 Country Asset Well 2016 2017 2018 2015 2015 appraisal or If deemed to be economic, Ghana ESWT (1)…
  17. September 2015 Investor Presentation – Erin Energy Corp. – slide 17
    Investment Highlights Our value creation model Production and Long-Term Frontier Revenue Growth Exploration Reserves and Sub-Saharan Resources Growth Africa Assets Near-Term High Opportunistic Impact Exploration…
  18. September 2015 Investor Presentation – Erin Energy Corp. – slide 18
    Appendix Management Team Board of Directors ERINENERGY.COM 19

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