#block l1b

[oilnewskenya]

New U.S. Securities and Exchange Commission (SEC) Rules To Improve Transparency, Accountability - KCSPOG

New U.S. Securities and Exchange Commission (SEC) Rules To Improve Transparency, Accountability – KCSPOG

The Kenya Civil Society Platform on Oil and Gas (KCSPOG) has welcomed the adoption of the new rules for resource extraction companies by the U.S. Securities and Exchange Commission (SEC) saying they shall in turn improve transparency and accountability of the Government of Kenya to its citizens.

The new rules, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, require oil,…

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[oilnewskenya]

3D seismic in Kenya’s offshore Blocks L27&28 Unlikely without farm-out

3D seismic in Kenya’s offshore Blocks L27&28 Unlikely without farm-out

Houston based offshore Block L27&28 operator Erin Energy has said it is unlikely to meet its requirements unless a farm-in partner comes on board.

“3D acquisition in L27 & L28 subject to completing a farm-out,” Erin Energy told investors in its last presentation in early December.

The blocks located offshore Kenya at water depths of 7200 to 14700 feet have already seen the acquisition of 2D…

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[oilnewskenya]

Erin Energy Makes Management Changes

Erin Energy Makes Management Changes

Erin Energy Corporation has announced changes within its management structure in response to recent drilling and production successes, and to support the Company’s growth strategy.

“Segun’s leadership and knowledge of the business and region have proved exceptionally valuable to our company and I am very pleased he will now serve us as Chief Operating Officer,” the company said in a statement.

Se…

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[oilnewskenya]

Erin Energy Enters Next Phase Of Exploration In Kenya's Block L1B And L16

Erin Energy Enters Next Phase Of Exploration In Kenya’s Block L1B And L16

The Kenyan Government has granted Erin Energy approval to enter the First Additional Exploration Period (FAEP) on its onshore blocks, L1B and L16.

This follows Erin Energy completion of the required work program for the Initial Exploration Period of the blocks earlier this year where it announced it had exercised its right, in accordance with the provisions of the Production Sharing Contracts, to…

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[oilnewskenya]

Erin Energy seeks term extension on four blocks in Kenya

Erin Energy seeks term extension on four blocks in Kenya

Erin Energy formerly CAMAC Energy has said it has met with the Kenyan government and submitted the required applications to enter the First Additional Exploration Period (FAEP) of both onshore blocks L1B and L16 after licenses on both blocks expired on June 8th 2015 .

The company is also awaiting the decision of the Kenyan government after it applied for a two-year extension of the Initial…

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[oilnewskenya]

Erin Energy Seeks First Exploration Extension Period on Kenya’s Block L1B and L16

Erin Energy Seeks First Exploration Extension Period on Kenya’s Block L1B and L16

Erin Energy formerly CAMAC Energy has said met with the government of Kenya and has requested approval to move into the first exploration extension period on blocks L1b and L16 having completed preliminary interpretation of the seismic acquisition.

In May 2012 the company was awarded 4 Production Sharing Contracts in the Lamu Basin of Kenya for a combined acreage of 36,913 km2 among them being…

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[oilnewskenya]

Erin Energy appoints Christopher J. Hearne Senior VP and CFO

Erin Energy appoints Christopher J. Hearne Senior VP and CFO

Sub-Sahara Africa focused oil and gas exploration company Erin Energy Corporation  has appointed Christopher J. Hearne as Senior Vice President and CFO beginning June 1, 2015. Earl McNiel , the Company’s current CFO, will resign to pursue other interests effective May 31, 2015.

Mr. Hearne, 49, will join the Company from Serica Energy Plc, a publicly traded independent exploration and production…

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[oilnewskenya]

CAMAC Energy rebrands to Erin Energy Corporation

CAMAC Energy rebrands to Erin Energy Corporation

Sub-Sahara focused oil and gas exploration company CAMAC Energy has announced that it  has changed its name to Erin Energy Corporation and will trade under the new ticker symbol “ERN” on both the NYSE MKT and the Johannesburg Stock Exchange .

The company whose asset portfolio consists of nine licenses across four countries covering an area of 43,000 square kilometers, including current production…

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