Erin Energy Corporation (Erin Energy or the Company) announced it has successfully completed acquisition of a new 3D seismic survey off the coast of The Gambia. Polarcus Ltd. was contracted by the Company to carry out the survey using the Polarcus Alima, an ultra-modern 12 streamer 3D/4D seismic vessel. The survey covered approximately 1,613 square kilometres on Erin Energy’s A2 and A5 blocks.
The Company will now commence processing and interpretation of the data, with results expected to be available during the second quarter of 2016.
Segun Omidele, Chief Operating Officer of Erin Energy, commented: “We are pleased to report that the acquisition has been completed on time and within budget. We look forward to receiving the processed seismic data, which will allow us to build upon our understanding of the prolific plays in this emerging basin, and will assist our team in determining exploration activities on the blocks. We would like to thank Polarcus and our contractors for their professional and efficient work.”
Erin Energy is operator of the A2 and A5 blocks with 100% interest. The A2 and A5 blocks are located approximately 28 miles (45 kilometres) offshore The Gambia and are on-trend with the recent FAN-1 and SNE-1 hydrocarbon discoveries offshore Senegal by Cairn (LSE:CNE), Conoco (NYSE:COP), and FAR (ASX:FAR).
About Erin Energy
Erin Energy Corporation (NYSE MKT:ERN) (JSE:ERN) is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 9 licenses across 4 countries covering an area of 43,000 square kilometres (10 million acres), including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya 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.
About Polarcus
Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 500 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates.










