Exillon Energy Plc March Production Report (7664J)
April 10 2015 - 2:00AM
UK Regulatory
TIDMEXI
RNS Number : 7664J
Exillon Energy Plc
10 April 2015
Exillon Energy plc
March Production Report
10 April 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
March 2015 ("the Period").
-- Our average daily production([1]) was 16,401 bbl/day during the period.
-- Average daily production for Exillon TP was 3,095 bbl/day,
and for Exillon WS it was 13,306 bbl/day during the period.
-- Our peak daily production([) (2]) was 17,577 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 52,856 tonnes for Exillon WS,
12,896 tonnes for Exillon TP and 65,752 tonnes for the Group during
the 31 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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