Erin Energy Corp. (NYSE: ERN) has received executive approval to extend the initial exploration period for blocks A2 and A5 in The Gambia by 24 months to Dec. 31, 2018. The work program includes the requirement to drill one exploration well in either block during the exploration period.
The petroleum ministry also has approved and will issue the necessary permits to proceed with the company’s planned multiclient 3-D seismic data acquisition on blocks A2 and A5.
Erin Energy is operator of the A2 and A5 blocks with 100% interest. The A2 and A5 blocks are located about 48 km (30 miles) offshore and on-trend with the recent FAN-1 and SNE-1 oil discoveries offshore Senegal by Cairn, Conoco Phillips, Petrosen and FAR.
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