OREANDA-NEWS. Erin Energy Corporation responded to the allegations raised in an article posted on Seeking Alpha's website on June 4, 2015, authored by Cannell Capital LLC. The Company believes that the Cannell Capital article contains numerous factual errors, misleading speculation and unwarranted inferences and has been in contact with Seeking Alpha to correct these errors.

Cannell Capital discloses a short position in its article, and the Company believes the article was designed to undermine confidence in the Company's business, management and operations in order to adversely affect the prevailing market price of the Company's common stock. Erin Energy is continuing to evaluate its options in response to Cannell Capital's allegations and market conduct.

Kase Lawal, Chairman and Chief Executive Officer commented: "With approximately 3 billion barrels in combined P50 recoverable resources, imminent doubling of production and expected significant reserve additions, the board and management's confidence in the Company and its prospects for growth remain solid. We will continue to execute on our work program and deliver the results that will create long-term growth and shareholder value."