Skip to main content Africa Oil Week Conference – Erin Energy Corp. Investor Presentation | Shale Experts
Loading...
Pm

Africa Oil Week Conference – Erin Energy Corp.

Erin Energy Corp. · Oct 29, 2015 · 16 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. Africa Oil Week Conference – Erin Energy Corp. – slide 1
    Segun Omidele Chief Operating Officer Africa Oil Week October 2015 ERINENERGY.COM
  2. Africa Oil Week Conference – Erin Energy Corp. – slide 2
    Global E&P Company with a Leading Sub-Saharan Africa Portfolio Well positioned to provide exceptional value for shareholders NIGERIA Offshore Acres Interest Partner Status OML 120 230,000 100% - Production OML 121 217,000 100% -…
  3. Africa Oil Week Conference – Erin Energy Corp. – slide 3
    Erin Energy Corporation YTD Highlights Operational Tied in Oyo-7 and Oyo-8 wells Summary Net production of approximately 1.4 million bbls Significant progress made on the technical evaluation of ESWT block in Ghana Extended…
  4. Africa Oil Week Conference – Erin Energy Corp. – slide 4
    Nigeria Overview Block History & Commitment Erin Equity Block awarded in 1995 to Allied as OPL 210 Converted to OML 120 and 121 in 2002 10 successful wells drilled Sole Risk license under the indigenisation program Current…
  5. Africa Oil Week Conference – Erin Energy Corp. – slide 5
    Nigeria Production Performance & Projection Oyo Central West Main Oyo-1, -4, -5, -7 & -8 Oyo-5 WI & Oyo-13 Oyo Central West Extension Oyo-9 & Oyo-10 Oyo Central East Oyo-8 Oyo-12 Oyo Central West Main Medium…
  6. Africa Oil Week Conference – Erin Energy Corp. – slide 6
    Maturing Drill-Ready Exploration Wells Nigeria OML 120/121 Prioritize high-value exploration portfolio Unlocking high-quality prospects OML 120 & 121 OML 120 & 121 High-grading the portfolio with the Portfolio of 22 prospects…
  7. Africa Oil Week Conference – Erin Energy Corp. – slide 7
    Ghana Update Block History & Commitment JOA signed Jan. 2015 Block with 3 discovered fields Initial work commitment Declare commerciality within 9 months Reprocess existing 3D seismic data Drill one well within 2 years Prospects…
  8. Africa Oil Week Conference – Erin Energy Corp. – slide 8
    Kenya Update Block History & Commitment 4 blocks awarded in 2012 Initial work commitment for L1B and L16 (2 years) Acquisition & interpretation of gravity & magnetic data Acquire, process and interpret 500 kilometres of 2D data…
  9. Africa Oil Week Conference – Erin Energy Corp. – slide 9
    Gambia Update Block History & Commitment Blocks awarded in 2012 for 4 years (Dec. 2016) Initial work commitment per block Regional geological survey Acquire, process, interpret 750 sq. km of 3D seismic data Drill one exploration…
  10. Africa Oil Week Conference – Erin Energy Corp. – slide 10
    Technical Know-How Top-Class Technical and Operational Capacity Experienced Majority of senior staff are from Major IOCs with great networks Staff Pool International experience spanning all the continents Top 10 technical staff have…
  11. Africa Oil Week Conference – Erin Energy Corp. – slide 11
    Nigeria Bean-up Strategy Optimizes Flow Rates Then: Now: AGGRESSIVE BEAN-UP GENTLE BEAN-UP OYO-5 (First 3 months) OYO-8 (First 3 months) Choke Size (/64th) GOR (scf/stb) Oil Rate (bopd) Choke size (/64th) Oil Rate (bopd) GOR…
  12. Africa Oil Week Conference – Erin Energy Corp. – slide 12
    Oyo Field Expansion Phase 1 Project Performance vs Original Oyo Development Average of 40% cost savings per well for D&C and SURF (excluding FPSO) over initial project cost Average of 50% drilling and completion time savings over…
  13. Africa Oil Week Conference – Erin Energy Corp. – slide 13
    Oyo Field Expansion Phase 1 Subsurface Interpretation vs Previous Interpretation ERINENERGY.COM 14
  14. Africa Oil Week Conference – Erin Energy Corp. – slide 14
    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…
  15. Africa Oil Week Conference – Erin Energy Corp. – slide 15
    Stock Price Performance ERN vs. Peers LTM Millions (unless Capital Structure noted) Share price (US) (as of October 16, 2015) 4.78/sh Shares Outstanding (as of June 30,2015) 211.5 Options 2.5 Warrants 4.5 Fully Diluted Shares…
  16. Africa Oil Week Conference – Erin Energy Corp. – slide 16
    Contact us For more information: www.erinenergy.com NYSE MKT: ERN I JSE: ERN Main: +1-713-797-2940 Investor Relations: US: +1-713-797-2960 / SA: +27-11-593-7303 Media: +1-713-797-2960 Erin Energy Corporation Corporate…

From the store

Browse maps, data & reports in the Shale Experts store