Erin Energy Corporation (ticker: ERN) announced unaudited financial and operational results for the year ended December 31, 2017. Full year 2017 revenues were $101.2 million, increasing by approximately 30% from $77.8 million in 2016. Fourth quarter 2017, revenues were $21.7 million compared to $21.1 million for the same period in 2016. Erin Energy reported a net loss of $151.9 million
Houston-based Erin Energy Corporation (ticker: ERN) completed the drilling of the Oyo-NW well, concluding it has discovered hydrocarbons in the Miocene formation. The well is located approximately 9.5 kilometers northwest of the Oyo Central field on the company’s offshore Nigeria block 120. The Miocene formation is where several of Erin Energy’s neighbors have discovered billions of barrels of hydrocarbons and from which several
Erin Energy: Oyo-9 to double company’s production by the end of 2017; subsequent exploration wells have potential to unlock a one billion barrel reserve opportunity At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Erin Energy (ticker: ERN) Chairman Frank Ingriselli. Erin Energy has acquired a strategic portfolio of
Erin Energy Breakout Notes Frank C. Ingriselli, chairman of the board of Erin Energy Corp., (ticker: ERN) presented today at EnerCom’s The Oil & Gas Conference® 22. Erin Energy Corp., which was initially known as CAMAC Energy Inc., is an oil and gas production company with assets in sub-Saharan Africa, in four countries. The company has operations in offshore Nigeria—where
Erin Energy Corp. (ticker: ERN), a Houston-headquartered international oil producer, has assets based entirely in sub-Saharan Africa. The company operates in Nigeria, Kenya, Ghana, and Gambia—from approximately 5 million acres. Erin Energy’s Nigeria operations are offshore with a 100% working interest. The offshore production is connected to the Armada Perdana FPSO, or floating production, storage, and offloading vessel. The Aramada
