Exillon Energy Plc June Production Report (3212D)
July 06 2016 - 2:00AM
UK Regulatory
TIDMEXI
RNS Number : 3212D
Exillon Energy Plc
06 July 2016
Exillon Energy plc
June Production Report
06 July 2016 - 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 June
2016 ("the Period").
-- Our average daily production([1]) was 14,364 bbl/day during the period.
-- Average daily production for Exillon TP was 3,385 bbl/day,
and for Exillon WS it was 10,979 bbl/day during the period.
-- Our peak daily production([) (2]) was 14,812 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 42,206 tonnes for Exillon WS,
13,649 tonnes for Exillon TP and 55,855 tonnes for the Group during
the 30 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
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