Erin Energy Corporation announced unaudited consolidated earnings and operational results for the first quarter ended March 31, 2017. For the quarter, the company reported crude oil sales, net of royalties were $31,278,000 compared to $4,929,000 a year ago. Operating loss was $25,092,000 compared to $28,293,000 a year ago. Loss before income taxes was $26,923,000 compared to $32,855,000 a year ago. Net loss attributable to company was $26,506,000 or $0.12 basic and diluted per share compared to $32,411,000 or $0.15 basic and diluted per share a year ago. Net cash provided by operating activities was $672,000 compared to net cash used in operating activities of $10,153,000 a year ago. Capital expenditures were $3,092,000 compared to $3,554,000 a year ago.

For the first quarter 2017, net daily production was approximately 5,500 bopd, compared with 1,800 bopd for the comparative period in 2016.