Erin Energy Provides Update in Ghana
September 26 2017 - 8:00AM
Business Wire
Final Judgement issued by ITLOS on Maritime
Boundary Arbitration between Ghana and Côte d’Ivoire
Erin Energy Corporation (Erin Energy or the Company) (NYSE
American:ERN) (JSE:ERN) announced today that the Special Chamber of
the International Tribunal of the Law of the Sea (ITLOS) in Hamburg
issued its final judgement with regard to the maritime boundary
dispute between Ghana and Côte d’Ivoire.
The maritime boundary delimited by the Special Chamber’s
decision does not negatively impact any of the discovered fields on
the Company’s Expanded Shallow Water Tano (ESWT) block. The Company
is working with the Government of Ghana and its partners to
progress operational activities and planning of the 3D marine
seismic survey. The decision also has no negative impact or
otherwise on the company’s interests in Ghana. The Company has
337,000 acres in Ghana, and has three discovered fields with 2C
resources.
Further information on the Special Chamber’s decision and a map
of the maritime border may be found by following this link:
https://www.itlos.org/fileadmin/itlos/documents/press_releases_english/PR_264_EN.pdf
About Erin Energy
Erin Energy Corporation is an independent oil and gas
exploration and production company focused on energy resources in
sub-Saharan Africa. Its asset portfolio consists of 7 licenses
across 4 countries covering an area of 19,000 square kilometers (~5
million acres), including current production and other exploration
projects offshore Nigeria, as well as exploration licenses offshore
Ghana and The Gambia, and onshore Kenya. Erin Energy is
headquartered in Houston, Texas, and is listed on the New York and
Johannesburg Stock Exchanges under the ticker symbol ERN.
For more information about Erin Energy or to request a hard copy
of the Company’s most recent complete audited financial statements
free of charge, please call +1 713 797 2940 or visit
www.erinenergy.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170926005873/en/
Erin Energy CorporationLionel McBee, +1 713-797-2960Director,
Investor Relations and Corporate
Communicationslionel.mcbee@erinenergy.com
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