Exillon Energy Plc February Production Report (4136H)
March 16 2015 - 3:00AM
UK Regulatory
TIDMEXI
RNS Number : 4136H
Exillon Energy Plc
16 March 2015
Exillon Energy plc
February Production Report
16 March 2015 - Exillon Energy plc ("Exillon Energy", the
"Company" or the "Group") (EXI.LN), a London Premium listed oil
producer with assets in two oil-rich regions of Russia,
Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is
pleased to announce unaudited production data for the month of
February 2015 ("the Period").
-- Our average daily production([1]) was 17,459 bbl/day during the period.
-- Average daily production for Exillon TP was 3,409 bbl/day,
and for Exillon WS it was 14,050 bbl/day during the period.
-- Our peak daily production([) (2]) was 18,088 bbl/day during the period.
Source: Average production data is based on monthly production
reports submitted to tax authorities for MET payment purposes. Peak
production is based on internal operations reports.
([1] The Company records production in metric tonnes.
Barrelization ratios are used for illustrative purposes only and
are calculated based on the Company's estimate of the typical API
of oil produced from specific fields. The barrelization ratios used
are 7.8037 bbl / tonne for Exillon WS and 7.44 bbl / tonne for
Exillon TP. Total production was 50,412 tonnes for Exillon WS,
12,829 tonnes for Exillon TP and 63,241 tonnes for the Group during
the 28 days period.)
([2] "Peak daily production" represents the Company's estimate
of aggregate production on the day on which aggregate production
reached its maximum during the period. It does not represent the
combined peak production of each separate field on different days,
which may be higher.)
Media contacts:
Tom Blackwell, EM
Blackwell@em-comms.com
+7 919 102 9064
This information is provided by RNS
The company news service from the London Stock Exchange
END
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