Erin Energy (Erin Energy) Reserve Replacement Ratio % : 0.00% (As of Sep. 2017)

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What is Erin Energy Reserve Replacement Ratio %?

Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.

The historical rank and industry rank for Erin Energy's Reserve Replacement Ratio % or its related term are showing as below:

ERINQ's Reserve Replacement Ratio % is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Reserve Replacement Ratio % only.

Erin Energy Reserve Replacement Ratio % Historical Data

The historical data trend for Erin Energy's Reserve Replacement Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Erin Energy Reserve Replacement Ratio % Chart

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Erin EnergyQuarterly Data

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Erin Energy (OTCPK:ERINQ) Reserve Replacement Ratio % Explanation

Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.

According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.

This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.

Erin Energy Reserve Replacement Ratio % Related Terms

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Erin Energy (Erin Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Erin Energy Corp (OTCPK:ERINQ) » Definitions » Reserve Replacement Ratio %

Comparable Companies

Traded in Other Exchanges

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Address

1330 Post Oak Boulevard, Suite 2250, Houston, TX, USA, 77056

Website

http://www.erinenergy.com

Erin Energy Corp is an independent oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa.

Executives

Frank C Ingriselli	director, other: Chairman	250 EAST HARTSDALE AVE, HARTSDALE NY 10530
William Jefferson Campbell	director	6011 CRAB ORCHARD, HOUSTON TX 77057
Byron A Dunn	other: Former officer director	C/O HARVEST NATURAL RESOURCES, INC., 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
William Dozier	director, officer: Interim CEO	3000 SAGE #1312, HOUSTON TX 77056
Jamie Tseng	officer: Executive VP	4125 BLACKHAWK PLAZA CIRCLE, SUITE 201A, DANVILLE CA 94506
Elizabeth P Smith	director	4125 BLACKHAWK PLAZA CIRCLE, SUITE 201, DANVILLE CA 94506
Laird Q Cagan	director, 10 percent owner	20400 STEVENS CREEK BLVD., STE 700, CUPERTINO CA 95014

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