Gambia grants Erin offshore exploration extension

Erin Energy Corp. (NYSE MKT:ERN) has received approval to extend the initial exploration period for blocks A2 and A5 in Gambia by 24 months to Dec. 31, 2018.

Offshore staff

HOUSTON –Erin Energy Corp. (NYSE MKT:ERN) has received approval to extend the initial exploration period for blocks A2 and A5 in Gambia by 24 months to Dec. 31, 2018. The work program includes the requirement to drill one exploration well in either block during the exploration period.

The Ministry of Petroleum has also approved permits to proceed with a multi-client 3D seismic data acquisition onblocks A2 and A5.

Erin Energy is operator of the A2 and A5 blocks with 100% interest. The A2 and A5 blocks are approximately 30 mi (48 km) offshore and on-trend with the recentFAN-1 and SNE-1 oil discoveries offshore Senegal by Cairn, Conoco, Petrosen, and FAR.

05/18/2015

More in Regional Reports