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Erin Energy Announces Audit Opinion

HOUSTON--(BUSINESS WIRE)--

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (ERN) today announced as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2016, which was filed on March 16, 2017 contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. This announcement does not represent any change or amendment to the Company’s consolidated financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2016.

This announcement is made pursuant to NYSE MKT Company Guide, Section 610(b), which requires separate disclosure of receipt of an audit opinion containing a going concern qualification.

A copy of the Annual Report on Form 10-K is available to be viewed or downloaded within the Investors section of the Company’s website at www.erinenergy.com. A hardcopy of its complete audited financial statements can also be obtained free of charge by contacting Erin Energy’s Investor Relations department.

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 kilometres (~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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