Erin Energy Corporation reported unaudited consolidated earnings and production results for the fourth quarter and year ended December 31, 2017. For the quarter, revenues were $21.7 million compared to $21.1 million for the same period in 2016.

For the year, the company reported revenues were $101.2 million, up approximately 30% from $77.8 million in 2016. The company reported a Net loss attributable to Erin Energy Corporation of $151.9 million or a loss of $0.71 per basic and diluted share for full year 2017 compared with a net loss of $142.4 million or a loss of $0.67 per basic and diluted share for full year 2016. Operating loss was $130,535,000 against $136,992,000 a year ago. Loss before income taxes was $152,914,000 against $143,242,000 a year ago. Net cash provided by operating activities was $26,057,000 against $6,355,000 a year ago. Capital expenditures were $61,015,000 against $19,293,000 a year ago.

For the quarter, net daily production was approximately 4,000 bopd compared with 5,800 for the comparative period in 2016.

For the year, Average net daily production for 2017 was approximately 4,900 bopd compared to approximately 4,800 bopd for 2016. Net production volumes for the year were approximately 1.7 million net barrels of oil compared to approximately 1.8 million net barrels in 2016.