Erin Energy Corporation Who we are and what we do 7 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…
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 NIGERIA Offshore Gross Interest Partner Status 2P / 2C Comment Acres…
Key Performance Catalysts for 2017 Production expected 3Q/4Q 2017 7,000 BOPD tied back to existing infrastructure Oyo-9 No additional operating costs (tie-back to existing Armada Perdana FPSO) Significantly reduces breakeven cost per…
2017 Development Drilling Oyo-9 Well Nigeria OML 120 Oyo NW Oyo-9 Oyo-9 Erin Energy Provide additional drainage point in the Oyo Central field T1A reservoir, by drilling and completing in the western extension area…
Oyo-9 Well Project Schedule Well Timeline Days 0 180 360 Pacific Bora - Sixth-Generation rig secured Long-lead items ordered including x-mas tree Necessary services and materials being arranged to meet projected 4Q 2017 first…
Drill-Ready Exploration Wells Nigeria OMLs 120 and 121 Prolific Western Niger Delta ( 40 Billion Barrels Discovered) OML 120 & 121 Flanked by the Giant Fields Bonga, Erha & Bosi Portfolio of 22 prospects and leads Production…
Nigeria: OML120 G Prospect Multiple objects in the upper / mid Miocene play 850 900 m water depth Drill Depth: 2,600 m Upper/Mid Miocene amplitude supported play Faulted rollover anticline on top of shale ridge Mean un-risked…
Nigeria: OML120 Oyo Northwest Prospect Massive NE-SW oriented, faulted, shale diapir influenced structure 9 km northwest of the Oyo field 500m water depth Drill Depth: 4,000 m Pliocene / Miocene stacked channel sequences…
Nigeria: OML120 Ereng Prospect Targets Miocene mini-basin play; mean unrisked recoverable resources of 1.7bn bbl 715 m water depth NW Proposed Location SE Drill Depth: 4,200 m Mix structural-stratigraphic 1 prospect with 4…
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 Fan Discovery Overview SNE Blocks A2 & A5 awarded in 2012 for 4 years to December 2018 Discovery Farmed out 80% interest to FAR for 5.2MM and secured a carry on the first exploration well Exploration Well Planned for…
Kenya Overview 4 blocks awarded in 2012 Allowed two ultra-deepwater blocks to expire in February 2017 to focus on the two onshore blocks First extension period for L1B and L16 (June 2017) Completed Gravity & Magnetics & 2D Seismic…
Strategic Corporate Goals Matrix of Erins strategic goals Nigeria Ghana Gambia Kenya / M&A / Other Increase Production Await resolution of boundary Explore portfolio options in Stabilise Cash Flow issue Kenya Near Term…
Reserves and Un-risked Resource Potential Estimated 2P reserves and 2C resources add up to 101 mmboe at 2016 year-end with a prospective resource base of up to 3.2 bn boe contributed from the various prospects in OMLs 120 and 121 2P…
Share Structure Strong Equity Support Top 20 Institutional Shareholders* Shareholding Split by Type %OS Position (000) BlackRock Fund Advisors 0.29 607 Public Investment Millennium Management LLC 0.14 289 Corp. SOC Ltd. The…
The Board Distinguished Board of Directors 1. 2. 3. 4. 5. 6. 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. Jean-Michel Malek Carl Scharpf 1. 4. MSc (Geology), University of Cincinnati BA and JD, University of Texas, Austin Interim CEO, General…
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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