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December 2015 Investor – Erin Energy Corp.

Erin Energy Corp. · Dec 7, 2015 · 17 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. December 2015 Investor – Erin Energy Corp. – slide 1
    Presentation December 2015 ERINENERGY.COM
  2. December 2015 Investor – Erin Energy Corp. – slide 2
    Erin Energy Corporation Who we are and what we do 9 Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa World-class assets in 4 African…
  3. December 2015 Investor – Erin Energy Corp. – slide 3
    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% -…
  4. December 2015 Investor – Erin Energy Corp. – slide 4
    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…
  5. December 2015 Investor – Erin Energy Corp. – slide 5
    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…
  6. December 2015 Investor – 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. December 2015 Investor – Erin Energy Corp. – slide 7
    Offshore Nigeria OMLs 120/121: Prolific Oil Producing Region Bosi Field Sonam Field 120 Erha Field 121 Bonga Field ERINENERGY.COM 8
  8. December 2015 Investor – Erin Energy Corp. – slide 8
    Nigeria Oyo Field Future Development Opportunities Oyo Central West Main Oyo Phase II Expansion Q1 2016 Oyo-1, -4, -5, -7 & -8 Oyo-5 WI & Oyo-13 Oyo-5 water injection well (Oyo Central West Main) Oyo-9 producing well (Oyo Central…
  9. December 2015 Investor – Erin Energy Corp. – slide 9
    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…
  10. December 2015 Investor – Erin Energy Corp. – slide 10
    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…
  11. December 2015 Investor – Erin Energy Corp. – slide 11
    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…
  12. December 2015 Investor – Erin Energy Corp. – slide 12
    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…
  13. December 2015 Investor – Erin Energy Corp. – slide 13
    Nigeria Production Performance Current Oyo Field Production Oyo-8 & Oyo-7 Net 10,200 bopd and 10 MMscf/d gas Short Term (24 month) Production Targets Short term plan of increasing production to 20,000 bopd by drilling…
  14. December 2015 Investor – Erin Energy Corp. – slide 14
    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…
  15. December 2015 Investor – Erin Energy Corp. – slide 15
    Oyo Field Expansion Phase 1 Project Performance vs Original Oyo Development Average of 40% cost savings per well for D&C and SURF (i.e excluding FPSO) over initial project cost Average of 50% drilling and completion time savings over…
  16. December 2015 Investor – Erin Energy Corp. – slide 16
    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…
  17. December 2015 Investor – Erin Energy Corp. – slide 17
    Further Information Glossary and Reserve Classification bbl barrel(s) Boe Barrels oil equivalent Bopd Barrels oil per day MMBBL Million Barrels Oil US United States Dollar 2P Proved & Probable Reserves 3P Proved, Probable…

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