Case 18-32106 Document 186 Filed in TXSB on 06/07/18 Page 1 of 64 Fill in this information to identify the case: Debtor name Erin Petroleum Nigeria Limited United States Bankruptcy Court for the: SOUTHERN DISTRICT OF TEXAS Case number (if known) 18-32109 Check if this is an amended filing Official Form 206A/B Schedule A/B: Assets - Real and Personal Property 12/15 Disclose all property, real and personal, which the debtor owns or in which the debtor has any other legal, equitable, or future interest. Include all property in which the debtor holds rights and powers exercisable for the debtor's own benefit. Also include assets and properties which have no book value, such as fully depreciated assets or assets that were not capitalized. In Schedule A/B, list any executory contracts or unexpired leases. Also list them on Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G). Be as complete and accurate as possible. If more space is needed, attach a separate sheet to this form. At the top of any pages added, write the debtor’s name and case number (if known). Also identify the form and line number to which the additional information applies. If an additional sheet is attached, include the amounts from the attachment in the total for the pertinent part. For Part 1 through Part 11, list each asset under the appropriate category or attach separate supporting schedules, such as a fixed asset schedule or depreciation schedule, that gives the details for each asset in a particular category. List each asset only once. In valuing the debtor’s interest, do not deduct the value of secured claims. See the instructions to understand the terms used in this form. Part 1: Cash and cash equivalents 1. Does the debtor have any cash or cash equivalents? No. Go to Part 2. Yes Fill in the information below. All cash or cash equivalents owned or controlled by the debtor Current value of debtor's interest 2. Cash on hand $0.37 3. Checking, savings, money market, or financial brokerage accounts (Identify all) Name of institution (bank or brokerage firm) Type of account Last 4 digits of account number Bank of America, NA PO Box 831547 3.1. Dallas, TX 75283-1547 Operational 0246 $800.71 Stanbic Lagos - USD The IBTC Place Walter Carrington Crescent 3.2. Victoria Island, Lagos Operational 6737 $1,736.85 Stanbic Lagos - NGN The IBTC Place Walter Carrington Crescent 3.3. Victoria Island, Lagos Operational 7923 $10,531.81 Guaranty Trust Bank - USD 178 Awolowo Road, Ikoyi PO Box 75455 3.4. Victoria Island, Lagos Operational 8210 $412.81 Guaranty Trust Bank - NGN 178 Awolowo Road, Ikoyi PO Box 75455 3.5. Victoria Island, Lagos Operational 8110 $85,568.76 Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 1 Software Copyright (c) 1996-2017 Best Case, LLC - www.bestcase.com Best Case Bankruptcy Case 18-32106 Document 186 Filed in TXSB on 06/07/18 Page 2 of 64 Debtor Erin Petroleum Nigeria Limited Case number (If known) 18-32109 Name Zenith Bank PLC - USD Plot 84 Ajose Adeogun Street PO Box 75315 3.6. Victoria Island, Lagos Operational 8191 $0.00 Zenith Bank PLC - NGN Plot 84 Ajose Adeogun Street PO Box 75315 3.7. Victoria Island, Lagos Operational 1779 $30,638.43 Zenith Bank PLC - USD (Export) Plot 84 Ajose Adeogun Street PO Box 75315 3.8. Victoria Island, Lagos Operational 0111 $0.00 Zenith Bank PLC - USD Plot 84 Ajose Adeogun Street PO Box 75315 Debt Service Reserve 3.9. Victoria Island, Lagos Account 2646 $2,600,000.00 3.10 Debt Service Reserve . Mauritius Commerical Bank Account 6592 $10,024,825.66 3.11 . Mauritius Commercial Bank Operational 6568 $61.36 4. Other cash equivalents (Identify all) 5. Total of Part 1. $12,754,576.76 Add lines 2 through 4 (including amounts on any additional sheets). Copy the total to line 80. Part 2: Deposits and Prepayments 6. Does the debtor have any deposits or prepayments? No. Go to Part 3. Yes Fill in the information below. 7. Deposits, including security deposits and utility deposits Description, including name of holder of deposit 7.1. Security Deposit $700.22 7.2. Prepaid Rent Apartment - Bolu Tokun & Co $1,487.63 8. Prepayments, including prepayments on executory contracts, leases, insurance, taxes, and rent Description, including name of holder of prepayment 8.1. Production Insurance - YOA Insurance Brokers $55,143.33 Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 2 Software Copyright (c) 1996-2017 Best Case, LLC - www.bestcase.com Best Case Bankruptcy Case 18-32106 Document 186 Filed in TXSB on 06/07/18 Page 3 of 64 Debtor Erin Petroleum Nigeria Limited Case number (If known) 18-32109 Name 8.2. Auto Insurance - Mustard Insurance Brokers $3,081.68 8.3. Prepaid Rental Space (Warehouse) $205,781.76 8.4. Prepaid Rental Space (Apartments) - Ubosi Eleh $5,689.34 8.5. Retainers for Legal Professionals - Jackson & Walker, LLP $150,000.00 8.6. Prepaid Vendors - Hailburton -drill bit supply $1,251,064.23 8.7. Professional Retainer Depositsv-vLooper Godwine, PC $8,000.00 8.8. Professional Retainer Deposits - Berke Weiss Law, PLC $10,000.00 8.9. Prepaid drilling services - Pacifica Bora $1,228,048.19 9. Total of Part 2. $2,918,996.38 Add lines 7 through 8. Copy the total to line 81. Part 3: Accounts receivable 10. Does the debtor have any accounts receivable? No. Go to Part 4. Yes Fill in the information below. 11. Accounts receivable 11a. 90 days old or less: 21,933.00 - 0.00 = .... $21,933.00 face amount doubtful or uncollectible accounts Accounts Receivable - Other 11b. Over 90 days old: 624,482.70 - 0.00 =.... $624,482.70 face amount doubtful or uncollectible accounts A/R - Related Parties - Allied 11b. Over 90 days old: 499,671.14 - 0.00 =.... $499,671.14 face amount doubtful or uncollectible accounts A/R -Bumi Armada Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 3 Software Copyright (c) 1996-2017 Best Case, LLC - www.bestcase.com Best Case Bankruptcy Case 18-32106 Document 186 Filed in TXSB on 06/07/18 Page 4 of 64 Debtor Erin Petroleum Nigeria Limited Case number (If known) 18-32109 Name 12. Total of Part 3. $1,146,086.84 Current value on lines 11a + 11b = line 12. Copy the total to line 82. Part 4: Investments 13. Does the debtor own any investments? No. Go to Part 5. Yes Fill in the information below. Part 5: Inventory, excluding agriculture assets 18. Does the debtor own any inventory (excluding agriculture assets)? No. Go to Part 6. Yes Fill in the information below. General description Date of the last Net book value of Valuation method used Current value of physical inventory debtor's interest for current value debtor's interest (Where available) 19. Raw materials Well Parts & Materials 12/31/2017 $37,068,499.23 Recent cost $37,068,499.00 20. Work in progress 21. Finished goods, including goods held for resale Crude Oil Inventory 3/31/2018 $19,983,000.00 Comparable sale $24,937,500.00 replacememt parts inventory - EPNL Warehouse 3/31/2018 $27,173,054.71 Recent cost $27,173,054.71 Replacement parts - Weatherford 3/31/2018 $2,208,737.62 Recent cost $2,208,737.62 Replacement parts - Aker Base 3/31/2018 $4,697,438.00 Recent cost $4,697,438.00 Replacement parts - Intransit $2,281,779.56 Recent cost $2,281,779.56 Replacement parts - Oil Tools Africa/Titan Tubulars $41,314.00 Recent cost $41,314.00 22. Other inventory or supplies 23. Total of Part 5. $98,408,322.89 Add lines 19 through 22. Copy the total to line 84. 24. Is any of the property listed in Part 5 perishable? No Yes Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 4 Software Copyright (c) 1996-2017 Best Case, LLC - www.bestcase.com Best Case Bankruptcy Case 18-32106 Document 186 Filed in TXSB on 06/07/18 Page 5 of 64 Debtor Erin Petroleum Nigeria Limited Case number (If known) 18-32109 Name 25. Has any of the property listed in Part 5 been purchased within 20 days before the bankruptcy was filed? No Yes. Book value Valuation method Current Value 26. Has any of the property listed in Part 5 been appraised by a professional within the last year? No Yes Part 6: Farming and fishing-related assets (other than titled motor vehicles and land) 27. Does the debtor own or lease any farming and fishing-related assets (other than titled motor vehicles and land)? No. Go to Part 7. Yes Fill in the information below. Part 7: Office furniture, fixtures, and equipment; and collectibles 38. Does the debtor own or lease any office furniture, fixtures, equipment, or collectibles? No. Go to Part 8. Yes Fill in the information below. General description Net book value of Valuation method used Current value of debtor's interest for current value debtor's interest (Where available) 39. Office furniture Office Furniture & Fixtures $22,072.80 Replacement $15,000.00 40. Office fixtures 41. Office equipment, including all computer equipment and communication systems equipment and software Office Communication Equipment $8,197.68 Replacement $8,000.00 42. Collectibles Examples: Antiques and figurines; paintings, prints, or other artwork; books, pictures, or other art objects; china and crystal; stamp, coin, or baseball card collections; other collections, memorabilia, or collectibles 43.