Erin Energy Corp. (ERN) 10-K Annual Report March 2015

HOUSTON, March 12, 2015 - CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT: CAK) announced today financial and operational results for the year ended December 31, 2014.

2014 Highlights:

●	Successfully drilled the Oyo-8 well and encountered four new oil and gas reservoirs;

●	Acquired 100% economic interest in OMLs 120 and 121 offshore Nigeria;

●	Increased unrisked P50 recoverable resource estimates of four top-priority exploration prospects offshore Nigeria fivefold;

●	Completed a $270 million private placement with the Public Investment Corporation (SOC) Limited;

●	Secured a $100 million credit facility;

●	Signed a Petroleum Agreement with the Government of Ghana for the Expanded Shallow Water Tano Block;

●	Commenced a secondary listing on the Johannesburg Stock Exchange.

Nigeria

The Oyo field averaged 1,300 barrels of oil per day (bbls/d). Oyo-8 was successfully drilled to a total depth of 6,059 feet, and encountered four new oil and gas reservoirs with a total gross hydrocarbon thickness of 112 feet, based on results from the logging-while-drilling data, reservoir pressure measurement, and reservoir fluid sampling. The Company commenced and is near completion of the Oyo field facilities expansion, which will allow for increased production from the Oyo development program. Flowlines and other subsea equipment from Oyo-5 and Oyo-6 were installed and tested on the Oyo-7 and Oyo-8 wells to facilitate the tie-in of production from the two wells.

CAMAC high-graded four of the prospects in OMLs 120 and 121 to drill-ready status, which target a combined 2,377 million barrels of oil, P50 recoverable resources. Three of these prospects will target the highly-prolific Miocene formation confirmed in the exploration portion of the previously drilled Oyo-7 development well. The Company plans to drill the first of these Miocene prospects in 2015 and is in active discussions with potential farm-in partners.

In December 2014, the Company entered into a contract with a unit of Transocean Ltd. for the drilling rig Sedco Express and is currently using this rig to horizontally complete the Oyo-8 well. The rig will then move to the Oyo-7 location to commence completion operations on the Oyo-7 well.

The following information was filed by Erin Energy Corp. (ERN) on Friday, March 13, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1402281/000156459015001740/cak-10k_20141231.htm

View differences made from one year to another to evaluate Erin Energy Corp.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Erin Energy Corp..

Continue

Assess how Erin Energy Corp.'s management team is paid from their Annual Proxy

Erin Energy Corp.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Erin Energy Corp. provided additional information to their SEC Filing as exhibits

Exhibit 10.43: Material Contract

Exhibit 10.44: Material Contract

Exhibit 10.45: Material Contract

Exhibit 10.46: Material Contract

Exhibit 10.47: Material Contract

Exhibit 10.48: Material Contract

Exhibit 10.49: Material Contract

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 99.1: Additional Exhibits

Ticker: ERN
CIK: 1402281
Form Type: 10-K Annual Report
Accession Number: 0001564590-15-001740
Submitted to the SEC: Mon Mar 16 2015 4:53:11 PM EST
Accepted by the SEC: Mon Mar 16 2015
Period: Wednesday, December 31, 2014
Industry: Drilling Oil And Gas Wells