Erin Energy presents at EnerCom’s The Oil & Gas Conference®
During Erin Energy’s breakout session, management was asked the following questions:
- Are you having troubles getting your oil to market?
- How do you envision getting from 7,000 to 20,000 BOEPD? What is the timeline for that?
- What are your current margins?
- Are you looking at hedging your prices?
- Do you exchange/communicate best practices with the bigger IOC’s surrounding you in Nigeria? Are you thinking about strategic alliances with them?
- Can you elaborate on your relationship with the Nigerian government? Have you run into any hurdles?
- Are there any government requirements to drill a certain number of exploration wells instead of just focusing on developmental drilling?
- What is the average cost of a deep-water well offshore Nigeria?
- Where does the oil go from the FPSO?
- Do you sell the oil in US Dollars? Are your costs in US Dollars?
- What about the debt you restructured?
- Will you need a partner to drill Prospect G?
- What would prevent you from drilling Prospect G?
- How much money do you need to drill Prospect G and evaluate its potential?
- How much money have you already raised to drill Prospect G?
You can listen to Erin Energy’s presentation by clicking here.
For the company’s second quarter results, click here.
Erin Energy (ticker: ERN) is an independent oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa. Their asset portfolio consists of nine licenses across four countries and covers an area of 40,000 square kilometers (~10 million acres). The company has current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya and 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.
