From Bloomberg Exxon Mobil Corp. resumed talks with Ghana Oil Co. as the oil supermajor nears a deadline to find a local partner for the exploration of crude at an offshore field, according to people familiar with the matter. Talks between Exxon and the Accra-based gas station operator, known as Goil, for a 5 percent stake in the Deepwater Cape Three
Erin Energy Corporation (ticker: ERN) announced unaudited financial and operational results for the year ended December 31, 2017. Full year 2017 revenues were $101.2 million, increasing by approximately 30% from $77.8 million in 2016. Fourth quarter 2017, revenues were $21.7 million compared to $21.1 million for the same period in 2016. Erin Energy reported a net loss of $151.9 million
Erin Energy Corp. (ticker: ERN), a Houston-headquartered international oil producer, has assets based entirely in sub-Saharan Africa. The company operates in Nigeria, Kenya, Ghana, and Gambia—from approximately 5 million acres. Erin Energy’s Nigeria operations are offshore with a 100% working interest. The offshore production is connected to the Armada Perdana FPSO, or floating production, storage, and offloading vessel. The Aramada
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
1.45 Tcf gas, 5MMBO project is 12% of 2015’s Foreign Direct Investment in Africa: Ghana President The government of Ghana, ENI (ticker: E) and Vitol yesterday signed an agreement to start work on the Offshore Cape Three Points (OCTP) oil and gas project offshore of Ghana. The new project, set approximately 60 km (37 miles) from the Ghanaian Western Region’s
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