Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Erin Energy Corp ERINQ

Erin Energy Corporation is an independent oil and gas exploration and production company. The Company is focused on energy resources in Africa. It is focused on exploration for and production of hydrocarbons where commercial reserves have been found and developed. As of December 31, 2016, the Company's asset portfolio consisted of seven licenses across four countries covering an area of approximately five million acres (approximately 19,000 square kilometers). The Company's geographical segments include Nigeria, Kenya, The Gambia and Ghana. The Company owns producing properties and conducts exploration activities offshore Nigeria, conducts exploration activities offshore Ghana and The Gambia, and onshore Kenya. The Company has 100% interest in Oil Mining Leases 120 and 121; four Production Sharing Contracts in the Lamu Basin of Kenya; two exploration licenses offshore The Gambia, and interest in Expanded Shallow Water Tano (ESWT) block offshore Ghana.


GREY:ERINQ - Post by User

Post by BlindBat_1on Nov 22, 2014 11:49am
169 Views
Post# 23154929

U.S. firm cancels plans for oil exploration in Arabuko fores

U.S. firm cancels plans for oil exploration in Arabuko fores

Kenya: U.S. firm cancels plans for oil exploration in Arabuko forest

Arabuko-Sokoke coastal forest, Kenya

22 November 2014, Nairobi -


CAMAC energy, a US based oil and gas exploration firm, has cancelled a planned seismic survey in Arabuko-Sokoke forest in Kilifi county.

The exercise which was to begin this month had met with protests from environmentalists who said that the survey might leave an irreparable damage to the forest.

Arabuko-Sokoke is the largest remaining fragment of the East African coastal forests, holding the last populations of some endangered birds and mammals.

In a statement, Camac energy’s managing director Augustin Nkuba said it has decided to cancel the exercise following concerns by stakeholders.

“We have made this decision in spite of the fact that we have complied with all recommendations and government requirements and also believe that the acquisition would not have had an adverse effect on the ecosystem in the forest. However, with the concerns raised we will not acquire the two seismic lines within the forest as previously planned. ” Nkuba said.

Nkuba further said that the firm recognises the fragility of the Arabuko-Sokoke forest ecosystem saying it will conduct all its work within an Environmental and Social Impact study carried out by Nema and the Forest and Wildlife services.

“We are committed to working with the National and County governments, the communities we are operating and all stakeholders” the firm’s MD stated.

Earlier this month several community groups in Kilifi petitioned Kilifi Governor Amason Kingi to stop the exercise saying Camac Kenya Limited did not contact them and they are therefore unsure if a proper Environment Impact Assessment was conducted.

Renown Kenyan naturalist Fleur Ng’weno says the fragile Arabuko-Sokoke forest is already under pressure and any further encroachment or disturbance will be disastrous.

Africa’s oldest environmental society, the East Africa Natural History Society — popularly known as Nature Kenya– is also opposed to exploration inside Arabuko Sokoke.

“The seismic surveys will do outright damage to the forest,” says Dr Paul Matiku, the executive director of Nature Kenya. “The transect lines cut through the forest.”
<< Previous
Bullboard Posts
Next >>