Final Judgement issued by ITLOS on Maritime Boundary Arbitration between Ghana and Côte d’Ivoire
HOUSTON–(BUSINESS WIRE)–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.
Contacts
Erin Energy Corporation
Lionel McBee, +1 713-797-2960
Director, Investor Relations and Corporate Communications
lionel.mcbee@erinenergy.com