ERIN ENERGY CORP

ERIN ENERGY CORP

OOTC:ERINQ
0.00
USD
0.00
(0.00%)
-0.72EPS
591.51MMarket Cap
2007 Y
2008 Y
2009 Y
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
TTM
Revenue per Share
- -
- -
- -
0.43
0.6
1.74
0.44
0.28
0.32
0.37
0.47
0.47
Basic EPS, GAAP
-0.19
-0.34
-0.68
-4.82
-0.4
-0.69
-0.3
-0.49
-2.04
-0.67
-0.71
-0.71
Free Cash Flow per Basic Share
-0.17
-0.22
-0.43
-0.64
-0.23
0.22
-0.25
-0.17
0.01
0.03
0.12
0.12
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.04
0.8
0.33
3.33
2.94
2.86
6.09
1.59
-0.41
-1.06
-1.69
-1.69
Tangible Book Value per Share
1.04
0.8
0.33
3.33
2.94
2.86
6.09
1.59
-0.41
-1.06
-1.69
-1.69
Basic Weighted Avg Shares
13
16
17
48
63
43
146
195
212
212
214
214
Sales/Revenue/Turnover
- -
- -
- -
21
38
75
64
54
68
78
101
101
Operating Margin (%)
- -
- -
-16,968.66
-213.78
-54.49
-43.02
-68.29
-173.32
-226.84
-175.22
-53.4
-53.4
Depreciation Expense
- -
- -
- -
4
14
50
15
22
97
58
55
55
Net Income, GAAP
-2
-5
-11
-230
-25
-30
-44
-96
-431
-142
-152
-152
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
-17,147.76
-1,116.01
-65.7
-39.55
-68.29
-178.41
-629.76
-183
-150.13
-150.13
Working Capital
13
11
4
2
-5
-7
-40
-105
-315
-264
-347
-347
LT Debt
- -
- -
- -
- -
6
1
- -
154
120
204
191
191
Total Equity
17
13
5
207
185
181
388
334
-85
-225
-363
-363
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-36.38
-122.51
-216.05
-12.68
-16.12
-15.29
-26.64
- -
- -
- -
- -

Capital Structure

USD

•

in mil. unless spec.
Jun'17
Sep'17
Dec'17
ST Debt
42
69
78
LT Borrowings
192
199
191
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
214
215
215
Market Capitalization
310
591
592

Working Capital

USD

•

in mil. unless spec.
Jun'17
Sep'17
Dec'17
Total Current Assets
44
55
51
Cash, Cash Equivalents & STI
11
18
22
Accounts Receivable, Net
5
15
7
Inventories
9
1
4
Total Current Liabilities
325
366
398
Payables & Accruals
281
294
318
ST Debt
42
69
78
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
383.86%
39.91%
61.51%
Free Cash Flow
17.63%
-19.34%
310.02%
Net Income, GAAP
253.12%
91.28%
6.66%
Sales/Revenue/Turnover
- -
8.13%
30.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2015
- -
- -
29
40
68
2016
5
23
29
21
78
2017
31
15
34
22
101

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2015
-0.16
-0.04
-0.28
-1.66
-2.04
2016
-0.15
-0.11
-0.11
-0.3
-0.67
2017
-0.12
-0.46
-0.07
-0.06
-0.71

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2015
- -
- -
- -
- -
- -
2016
- -
- -
- -
- -
- -
2017
- -
- -
- -
- -
- -

Company Description

CEO
Lionel C. McBee
Full Time Employees
61
Sector
Energy minerals
Industry
Integrated oil
Address
1330 Post Oak Boulevard Houston TX United States 77056
IPO Date
Feb 8, 1995
Business
Erin Energy Corporation (ERINQ) is an independent oil and gas exploration, development, and production company focused on energy resources in Africa; it engages in the acquisition, exploration, and development of hydrocarbon assets including producing properties and exploratory licenses. The company holds principal assets comprising nine licenses across four countries—Nigeria, Ghana, Kenya, and Gambia—covering approximately 10 million acres, with current production and development projects offshore Nigeria such as the Oyo field wells (Oyo-7 and Oyo-8, which discovered multiple oil and gas reservoirs in 2013-2014); exploration activities occur offshore Ghana and Gambia, offshore and onshore Kenya in the Lamu Basin under four Production Sharing Contracts, and 100% interests in Nigeria's Oil Mining Leases 120 and 121 as well as the Expanded Shallow Water Tano block offshore Ghana; through its Pacific Asia Petroleum subsidiaries, it maintains operations in China. Founded in 1986 as CAMAC Energy (renamed Erin Energy Corporation in April 2015), the company is headquartered in Houston, Texas, with additional offices in Lagos, Nigeria, and Beijing, China; it operates primarily in sub-Saharan Africa targeting commercial hydrocarbon reserves for independent producers. Erin Energy delisted from NYSE American in 2018 to trade over-the-counter; it filed for Chapter 11 bankruptcy reorganization on April 25, 2018, which converted to Chapter 7 liquidation proceedings in July 2018, marking its cessation of active operations.