Cameroon-American Company (“CAMAC”) was founded as a privately held agricultural commodities trading company.

1991 Partners with CONOCO on four licenses offshore Nigeria.
1993 Partners with BP and Statoil on OPL 210.
1995 Makes oil discovery in OPL 210, and the Oyo field becomes the first deepwater Nigeria discovery.
2005 Partners with ENI (40%) to develop the Oyo field.
2009 Oyo field achieves first oil production with Oyo-5 and Oyo-6 and peak production reaches over 25,000 bbls/d.
2010 Begins trading on the New York Stock Exchange (NYSE).
2012 Awarded 4 Blocks in Kenya, and 2 Blocks in Gambia.
2013 Successfully confirms the presence of hydrocarbons in the Miocene formation.
2014 Begins trading on the Johannesburg Stock Exchange (JSE).
2014 Acquires remaining interest in OMLs 120 & 121 resulting in 100% interest and operatorship.
2014 Awarded the Expanded Shallow Water Tano Block by the Government of Ghana and named operator.
2014 Drills the Oyo-8 development well offshore Nigeria and commences re-development of the Oyo field.
2015 CAMAC Energy Inc. is renamed Erin Energy Corporation.
Prospective and Contingent Resource Disclaimer

This Competent Person’s Report contains estimates of "prospective resources" and "contingent resources." The Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only “reserves,” as that term is defined under SEC rules.

Prospective resources are those quantities of petroleum estimated, as at a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Contingent resources are those quantities of petroleum estimated, at a given date, to be potentially recoverable from known accumulations, but the applied projects are not yet considered mature enough for commercial development due to one or more contingencies.

Prospective resources have both an associated chance of discovery and a chance of development, while contingent resources have an associated chance of development. Investors should not assume there will be any discovery associated with prospective resources, or that any discovery or any contingent resources will be economically drillable or ever be upgraded into reserves.

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