Erin Energy Corporation reported unaudited consolidated earnings and production results for the fourth quarter and year ended December 31, 2016. For the quarter, revenues were $21.1 million compared to $39.8 million for the same period in 2015.

For the year, crude oil sales, net of royalties were $77,815,000 against $68,429,000 a year ago. Operating loss was $136,992,000 against $416,433,000 a year ago. Loss before income taxes was $143,242,000 against $431,899,000 a year ago. Net loss attributable to Erin Energy Corporation was $142,401,000 or $0.67 per basic and diluted share against $430,937,000 or $2.04 per basic and diluted share a year ago. Net cash provided by operating activities was $6,355,000 against $2,145,000 a year ago. Capital expenditures were $19,293,000 against $84,039,000 a year ago.

For the quarter, net daily production was approximately 5,800 bopd compared with 2,500 for the comparative period in 2015.

For the year, average net daily production was approximately 4,800 bopd compared to approximately 4,300 bopd for 2015. Production volumes for the year were approximately 1.8 million net barrels of oil compared to approximately 1.6 million net barrels in 2015.