Erin Energy Responds to Inaccurate Media Reports Regarding Oyo Field Operations

HOUSTON–(BUSINESS WIRE)–Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE
American:ERN) (JSE:ERN) today responded to recent media reports
regarding its Oyo field operations, calling the articles inaccurate.

Most of the articles’ content, which appeared in print and online,
contained nearly identical text, indicating it was likely sourced from
an unidentified third party. The articles erroneously contended that a
Nigerian court had ordered the “take over” of the Oyo oil field.

In fact, a party attempted to enforce a writ against certain Erin Energy
equipment. The writ in question was based on a court order pertaining to
parties unrelated to Erin Energy, and a Nigerian court has subsequently
ruled that actions taken to enforce the writ against Erin Energy were an
abuse of legal process.

“We take seriously these inaccuracies floating around, and caution
those behind these stories, and their agents, from misleading members of
the public in the future,” said Femi Ayoade, Chief Executive Officer.

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 5 licenses across 3 countries covering
an area of 6,100 square kilometers (~1.5 million acres), including
current production and other exploration projects offshore Nigeria, as
well as exploration licenses offshore Ghana and The Gambia. 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.

Forward-Looking Statements

This news release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, concerning activities, events or
developments that the Company expects, believes or anticipates will or
may occur in the future are forward-looking statements. Although the
Company believes the expectations reflected in these forward-looking
statements are reasonable, they involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.

The Company’s actual results could differ materially from those
anticipated or implied in these forward-looking statements due to a
variety of factors, including the Company’s ability to successfully
finance, drill, produce and/or develop the wells and prospects
identified in this release, and risks and other risk factors discussed
in the Company’s periodic reports filed with the Securities and Exchange
Commission. All forward-looking statements are expressly qualified in
their entirety by this cautionary statement. You should not place undue
reliance on forward-looking statements, which speak only as of their
respective dates. The Company undertakes no duty to update these
forward-looking statements.

Contacts

Erin Energy Corporation
Lionel McBee, +1 713-797-2960
Director,
Investor Relations
[email protected]