Erin Energy Corporation reported unaudited consolidated earnings and operating results for the second quarter and earnings for the six months ended June 30, 2016. For the quarter, the company reported operating loss of USD 27.199 million compared to USD 5.821 million a year ago. Loss before income taxes was USD 22.688 million compared to USD 9.490 million a year ago. Net loss attributable to the company was USD 22.572 million compared to USD 9.162 million a year ago. Net loss per share was USD 0.11 compared to USD 0.04 a year ago.

For the six months, the company reported operating loss of USD 55.492 million compared to USD 37.852 million a year ago. Loss before income taxes was USD 55.543 million compared to USD 42.696 million a year ago. Net loss attributable to the company was USD 54.983 million compared to USD 42.221 million a year ago. Net loss per share was USD 0.26 compared to USD 0.20 a year ago. Net cash used in operating activities was USD 1.174 million compared to USD 27.974 million a year ago. Capital expenditures were USD 9.667 million compared to USD 56.741 million a year ago.

For the quarter, average net daily production for the quarter was approximately 5,400 barrels of oil per day, compared to 4,400 barrels oil per day for the same period 2015; and 1,800 barrels of oil per day during the first-quarter 2016.