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Annual Shareholders Meeting – Erin Energy Corp.

Erin Energy Corp. · May 25, 2016 · 10 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. Annual Shareholders Meeting – Erin Energy Corp. – slide 1
    Annual Meeting of Shareholders May 25, 2016
  2. Annual Shareholders Meeting – Erin Energy Corp. – slide 2
    Company at a Glance Diverse 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. Annual Shareholders Meeting – Erin Energy Corp. – slide 3
    2015 Overview Positive results despite challenging economic climate Operational Oyo-7 and Oyo-8 wells tied in 1.6mmbbls oil net production 6,400bbls per day average production, following Oyo-7 and Oyo-8 tie-ins Ghana: significant…
  4. Annual Shareholders Meeting – Erin Energy Corp. – slide 4
    Increasing Reserves Year-end 2015 proved reserves Increase due to better production performance from production wells Oyo-7 and Oyo-8 Transfer (net) due movement between P1 and P2 category Negative revision due to lower commodity…
  5. Annual Shareholders Meeting – Erin Energy Corp. – slide 5
    Share Performance Erins share price performance relative to peers and Brent Crude Source: FactSet, 19-May-16 Peers Index include: Tullow (-68%), Ophir (-78%), Kosmos (-52%), Seplat (-49%), Cobalt (-76%), Erin (-71%) Annual…
  6. Annual Shareholders Meeting – Erin Energy Corp. – slide 6
    Financial Performance Erins financial performance is expected to improve significantly with the introduction of its organic development plan Financial Snapshot 2014A 2015A 2016E 2017E 2018E 2019E Oil Price US/bbl 41.5 57.8 61.8…
  7. Annual Shareholders Meeting – Erin Energy Corp. – slide 7
    Key Performance Catalysts (2016 Focus) Production expected 1Q 2017 7,000 BOPD tied back to existing infrastructure Oyo-9 No fixed operating cost (attached to Armada Perdana FPSO) Significantly reduces breakeven cost per barrel…
  8. Annual Shareholders Meeting – Erin Energy Corp. – slide 8
    Value Creation Growth Strategy Significantly increase shareholder value by growing production and reserves Grow Existing Production Increase production from Oyo by drilling additional wells Explore near field opportunities and tie…
  9. Annual Shareholders Meeting – Erin Energy Corp. – slide 9
    Strategic Corporate Goals Matrix of Erins strategic goals Nigeria Ghana Gambia Kenya / M&A / Other Explore portfolio options in Increase Production (12,000 Await resolution of boundary Kenya 16,000 BOPD) issue Complete…
  10. Annual Shareholders Meeting – Erin Energy Corp. – slide 10
    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 Headquarters South…

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