Erin Energy Corporation announced earnings and operational results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues were $4.9 million, compared to nil for the same period 2015. The Company reported a net loss of $32.4 million or $0.15 per basic and diluted share, compared to a net loss of $33.1 million or $0.16 per basic and diluted share for the same period 2015.

For the quarter, the company's production was 10,380 boepd (~8,900 bopd). Oyo field production averaged 1,800 barrels per day, compared to no production during the first quarter 2015. During the first-quarter 2016, The Company lifted and sold 161,000 net barrels at an average price of $30.54 per barrel.