Erin Energy Corporation announced that funding commitment has been obtained to drill high-impact Miocene exploration well. Site survey of drilling location has been completed and the well is planned to be spudded during this quarter. Following the commitment to fund the drilling of the Miocene exploration well, the first option well of the drilling contract has been exercised with the drilling contractor. The company also announced the successful completion of the drilling phase of the Oyo-9 well. The well results indicate presence of the target channel system and 85.3 feet of net oil sand. The results are in line with predictions and confirm field extension to the western part of the field. Both the engineering and manufacturing of the subsea equipment are at various stages of completion.