Erin Energy Provides Update in Ghana

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
[email protected]