Erin Energy Corp.

Erin Energy Corporation and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division to pursue a plan of reorganization.

Erin Energy and its subsidiaries will continue to operate under the jurisdiction of the court and in accordance with the applicable provisions of the code and the orders of the court. To assure ordinary operations, Erin Energy is seeking approval from the Bankruptcy Court for a variety of motions, including authority to maintain bank accounts and other customary relief. Erin is in the process of looking for a source of debtor in possession financing to provide it with the necessary working capital to continue its operations and move towards a successful reorganization plan.