During the corresponding time, Erin Energy Corp. saw a revenue deteriorated by -63.85 % year on year, sequentially revenue fell by -77.31 %. While revenue at the Erin Energy Corp.'s corporate clients
Erin Energy's Comment on Sales, Marketing and Customers
We currently derive the totality of our revenue from the sale of crude oil
in Nigeria. As a result, our revenues and ultimate profitability, the value
of our reserves, our access to capital and our growth are substantially subject
to the prevailing prices of crude oil. Prevailing prices for such commodities
are subject to wide fluctuations for macro-economic reasons beyond our control.
Historically, prices received for crude oil sales have been volatile and unpredictable,
and such volatility and unpredictability is expected to continue.
