Erin Energy Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported crude oil sales, net of royalties were $33,643,000 compared to $28,619,000 a year ago. Operating loss was $10,030,000 compared to $21,817,000 a year ago. Loss before income taxes was $14,473,000 compared to $23,573,000 a year ago. Net loss attributable to company was $14,070,000 or $0.07 basic and diluted per share compared to $23,471,000 or $0.11 basic and diluted per share a year ago. Adjusted net loss was $1,011,000 or $0.01 basic and diluted per share compared to $4,546,000 or $0.02 basic and diluted per share a year ago.

For the nine months, the company reported crude oil sales, net of royalties were $79,509,000 compared to $56,699,000 a year ago. Operating loss was $124,255,000 compared to $77,309,000 a year ago. Loss before income taxes was $140,050,000 compared to $79,116,000 a year ago. Net loss attributable to company was $139,142,000 or $0.65 basic and diluted per share compared to $78,454,000 or $0.37 basic and diluted per share a year ago. Net cash provided by operating activities was $14,553,000 compared to $10,845,000 a year ago. Capital expenditures were $41,656,000 compared to $16,475,000 a year ago. Adjusted net loss was $10,202,000 or $0.05 basic and diluted per share compared to $39,861,000 or $0.19 basic and diluted per share a year ago.

The company reported production results for the third quarter ended September 30, 2017. Production volumes for the quarter were approximately 5,000 net barrels of oil compared to approximately 6,100 net barrels in the comparative period 2016.