- Erin Energy (NYSEMKT:ERN +14.7%) is surging following news that its 100%-owned Oyo-8 well offshore Nigeria has exceeded expectations and is producing at a stabilized rate of 7,080 bbl/day of oil, and is engaged in drilling and completion operations on the Oyo-7 development well with first oil production expected in a few weeks.
- Also, ERN says it has completed site survey of three of its top Miocene exploration prospects offshore Nigeria; its top four prospects there have a combined 2.4B barrels of recoverable P50 prospective resources.