Erin Energy Corporation Who we are and what we do Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa…
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…
Near-Term Catalysts Production expected by year-end 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 2H 2017 Project 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…
Nigeria: Oyo-9 Current Operations Pacific Bora drilling rig arrived at the Oyo-9 field in deepwater offshore Nigeria on August, 1st 2017 Oyo-9 has been spud as of August, 11th 2017 Drilling and completion is estimated to last 62…
Drill-Ready Exploration Wells Nigeria OMLs 120 and 121 Overview Prolific Western Niger Delta ( 40 Billion Barrels Discovered) Oyo NW Flanked by the Giant Fields Bonga, Erha & Bosi Production Facilities on the Block Prioritized…
Oyo NW Prospect - Ikon Science: Quantitative Interpretation Geophysical Study Erin contracted Ikon to conduct a third party assessment of the prospect…
Strategic Corporate Goals Matrix of Erins strategic goals Nigeria Ghana Gambia M&A / Other Increase Production Await resolution of boundary Stabilise Cash Flow issue Negotiate AP Near Term Interpreting new 3D seismic Drill &…
Reserves with High-Impact Upside Potential Estimated 2P reserves and 2C resources add up Prospective resource base of up to 3.6 bboe to 101 mmboe at 2016 year-end contributed from the various prospects in OMLs 2P proved reserves of…
Our Team Experienced and diverse international management team 1 2 4 3 5 Femi Ayoade Carl Scharpf 1. Masters (Petroleum Engineering), University of Houston 3. MSc (Geology), University of Cincinnati Chief Executive Officer VP,…
Summary Asset portfolio consists of 5 licenses across 3 countries covering a gross position of 6,100km2 (1.5 million acres) Currently 1 producing well in Nigeria (Oyo 8), producing 5,100 BOPD Oyo-9 production expected end of Q417 -…
Appendix Company Presentation / August 2017 15
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 Ereng Prospect Targets Miocene mini-basin play; mean unrisked recoverable resources of 1.7bn bbl 715 m water depth Drill Depth: 4,200 m Mix structural-stratigraphic NW Proposed SE prospect with 4 amplitude Location…
Ghana Overview Block with 3 discovered fields Near term development opportunity In-place oil volumes of 500 million barrels Exploration Potential Prospects are arranged in corridor Identified four high quality prospects adjacent…
The Gambia Overview Fan Blocks A2 & A5 awarded in 2012 for 4 years to Discovery December 2018 SNE Farmed out 80% interest to FAR for 5.2MM and secured a carry on the first exploration well Discovery 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 (Expired L1B lease, with opportunity to renew)…
The Board Distinguished Board of Directors 1 2. 3 4 5 6 7 Frank Ingriselli 1 Chairman, Independent Director John Rudley 5 Independent Director Mr. Ingriselli serves as the President and Chief Executive Officer of Blackhawk…
Cap Structure ERN - Capital Structure as of Q117 (Mar-31-2017) Principal Coupon/ Repayment Description Type Due (M) Base Rate Floating Rate Maturity Seniority Secured Convertible Currency 1-Month LIBOR + Promissory Note Loan Term…
Contact us For more information: www.erinenergy.com NYSE MKT: ERN I JSE: ERN Main +1 713 797 2940 Investor Relations +1 713 797 2960 Media +1 713 797 2960 Erin Energy Corporation Corporate Headquarters 1330 Post Oak Blvd., Suite…
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