Erin Energy Corporation Who we are and what we do 9 Erin Energy Corporation is an independent oil and World-class assets in 4 gas exploration and production company focused on energy resources in sub-Saharan Africa African…
Why Invest in Erin Energy Value proposition Under-followed growth story Current production with development upside Large exploration upside Diversified world-class asset base Africa focused 9 licences in 4 countries Strategic…
Our Company at a Glance We are a global E&P company with a leading Sub-Saharan Africa portfolio that is well positioned to provide exceptional value for shareholders Asset Overview Corporate Offices Operations Production…
Key Performance Catalysts (2016-2017 Strategy) Production expected 2Q 2017(1) 7,000 BOPD tied back to existing infrastructure Oyo-9 No additional operating costs (tie-back to existing Armada Perdana FPSO) Significantly reduces…
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…
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…
Erin Equity Nigeria Overview 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 Status Near-term production…
Ghana Overview Block with 3 discovered fields Near term development opportunity In-place oil volumes of 500 million barrels Prospects are arranged in corridor Exploration Potential between West Tano and South Tano near field…
The Gambia Overview From: Cairn Energy 2016 Blocks A2 & A5 awarded in 2012 for 4 years to December 2018 Completed 3D Seismic acquisition and currently processing Actively seeking farm-in partners prior to drilling Exploration…
Kenya Overview 4 blocks awarded in 2012 18 months extension granted for L27 & L28 (February 2017) Hagarso L1B Completed 1800km 2D seismic acquired & processed Seeking farm-in partner for 3D seismic survey First extension period…
Technical Capability Top-Class technical capacity Competitive Advantages Experienced Staff Pool Majority of senior staff are from Major IOCs Top 10 technical staff have combined more than 300 years of industry experience. Staff have…
Operational Capability Demonstrated capability in both deepwater and shallow water Nigeria Operatorship Operator of deepwater OMLs 120 & 121 in Nigeria since 2012 with production from Oyo field Operator of four onshore and deepwater…
The Board Distinguished Board of Directors 1. 2. 3. 4. 5. 6. 7. John Hofmeister Wayne McConnell 1. Chairman 4. Independent Director Veteran of multiple industries for over 35 years; Former president, Shell Oil Company; Key…
Our Team Experienced and diverse international management team 1. 2. 3. 4. 5. 6. 7. 1. Segun Omidele Appointed Senior Vice President and Chief Administrative Officer, September 2013; joined MSc (Petroleum Engineering),…
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