2 June 2017director interest notice● Neutral
Erin Energy Corp. director John Michael Stinson sold 15 shares at $1.85.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2017director interest notice● Neutral
Erin Energy Corp. director Dudu Hlatshwayo sold 15 shares at $1.85.
2 June 2017director interest notice● Neutral
Erin Energy Corp. director Lee Patrick Brown sold 15 shares at $1.85.
31 May 2017director interest notice● Neutral
Frank C Ingriselli became a Erin Energy Corp. director and company insider (initial ownership filing).
31 May 2017director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Sakiru Adefemi (femi) Ayoade received 29,166 shares as part of the equity award.
31 May 2017director interest notice● Neutral
John M Rudley became a Erin Energy Corp. director and company insider (initial ownership filing).
31 May 2017director interest notice● Neutral
Erin Energy Corp. SVP, Corporate Services Heidi Wong exercised stock options for 40,580 shares and disposed of 25,902 shares.
31 May 2017director interest notice● Neutral
Sakiru Adefemi (femi) Ayoade became a Erin Energy Corp. Chief Executive Officer and company insider (initial ownership filing).
31 May 2017director interest notice● Neutral
Erin Energy Corp. director Frank C Ingriselli received 124,444 shares as part of the equity award.
22 May 2017director interest notice● Neutral
Erin Energy Corp. director Lee Patrick Brown received 62,222 shares as part of the equity award.
22 May 2017director interest notice● Neutral
Erin Energy Corp. director Dudu Hlatshwayo received 62,222 shares as part of the equity award.
22 May 2017director interest notice● Neutral
Erin Energy Corp. director John Michael Stinson received 62,222 shares as part of the equity award.
10 May 2017quarterly activities report▼ Bad
Erin Energy Corp. reported a quarterly net loss of $26.5 million for the period ended 2017-03-31.
28 Apr 2017agm notice● Neutral
Erin Energy Corp. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
18 Apr 2017director interest notice● Neutral
Erin Energy Corp. Interim CEO,Gen Counsel,Sec Jean-michel Malek was credited 300,000 deferred share units under a company plan.
18 Apr 2017director interest notice● Neutral
Erin Energy Corp. SVP & CFO Daniel Ogbonna was credited 300,000 deferred share units under a company plan.
1 Mar 2017director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele acquired 35,897 shares and disposed of 51,924 in a set of related equity transactions.
1 Mar 2017director interest notice● Neutral
Erin Energy Corp. SVP, General Counsel&Secretary Jean-michel Malek acquired 10,731 shares and disposed of 23,735 in a set of related equity transactions.
1 Mar 2017director interest notice● Neutral
Erin Energy Corp. SVP, Corporate Services Heidi Wong acquired 13,218 shares and disposed of 44,451 in a set of related equity transactions.
1 Mar 2017director interest notice● Neutral
Erin Energy Corp. SVP & CFO Daniel Ogbonna acquired 14,744 shares and disposed of 29,238 in a set of related equity transactions.
21 Feb 2017director interest notice● Neutral
Erin Energy Corp. SVP, General Counsel&Secretary Jean-michel Malek received 93,270 shares as part of the equity award.
21 Feb 2017director interest notice● Neutral
Erin Energy Corp. SVP, Corporate Services Heidi Wong received 80,128 shares as part of the equity award.
21 Feb 2017director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele received 179,488 shares as part of the equity award.
21 Feb 2017director interest notice● Neutral
Erin Energy Corp. SVP & CFO Daniel Ogbonna received 113,462 shares as part of the equity award.
9 Feb 2017capital raising announcement● NeutralMajor
On Feb 6, 2017 Erin and its Nigerian subsidiary EPNL signed a $100.0M pre-export finance facility with The Mauritius Commercial Bank, guaranteed by Standard Bank of South Africa with PIC's backing (PIC, the second largest shareholder, has recourse to Erin). It is secured by an oil sales contract with Glencore for all oil from OML 120/121, bears interest at 3-month LIBOR plus 6%, and is repaid in instalments from June 2017 to December 2019. In return Erin pays PIC a 2.5% upfront fee and will issue it warrants worth 20% of the guarantee amount (priced at the share's closing price when funds arrive). Zenith, the existing lender, signed an override deed sharing sale proceeds and enforcement with MCB. This adds debt on top of the Zenith loan, and the warrants could dilute existing shareholders.
24 Jan 2017director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 113,624 shares and disposed of 195,407 shares.
18 Nov 2016director interest notice● Neutral
Erin Energy Corp. SVP, General Counsel&Secretary Jean-michel Malek had 6,175 shares withheld for taxes on vesting stock.
16 Nov 2016quarterly activities report▼ Bad
Erin Energy Corp. reported a quarterly net loss of $23.5 million for the period ended 2016-09-30.
14 Nov 2016quarterly activities report▼ Bad
Erin Energy Corp. reported a quarterly net loss of $23.5 million for the period ended 2016-09-30.
10 Nov 2016late filing notice▼ Bad
Erin Energy Corp. notified the SEC that its quarterly report would be filed late.