Exploration Update (3319J)
June 29 2011 - 2:00AM
UK Regulatory
TIDMEXI
RNS Number : 3319J
Exillon Energy Plc
29 June 2011
Exillon Energy
29 June 2011
Exploration Update
Exillon Energy plc (EXI.LN), a UK-listed FTSE 250 independent
oil producer with assets in two oil-rich regions of northern
Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon
WS"), is pleased to announce preliminary results from Exploration
Well 4 (EWS-10274).
Exploration Well 4 was designed to test an area between the EWS
I and EWS II fields. Preliminary results of wire line logging
confirmed the presence of 6.7 meters of effective net oil pay in an
area that has not been previously studied. These results have
expanded the management's understanding of the outline of the EWS
fields in a manner which may support further reserve growth.
The well encountered the Jurassic reservoir at 1,883 meters, and
is currently being drilled deeper to assess the potential for
further oil pay within the Pre Jurassic. Testing of the well is
expected to be completed by the end of Q1 2012.
Media Contact
Tom Blackwell +44 207 920 2330
This information is provided by RNS
The company news service from the London Stock Exchange
END
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