26th Feb 2015 11:00
LONDON (Alliance News) - Exillon Energy PLC Thursday said production fell from its two Russian assets for the second consecutive month in January.
The company achieved an average daily production from its operations in Timan-Pechora and West Siberia, both in Russia, of 16,945 barrels of oil per day in January, down from 17,558 barrels of oil per day in December.
It is the second consecutive month that production has fallen. Production increased month on month between August and November in 2014.
Daily production from Timan-Pechora averaged 3,536 barrels of oil per day in January, a rise from 3,472 barrels per day in December, offset by production from West Siberia falling to 13,409 barrels of oil per day from 14,086 barrels in December.
Combined peak daily production in the month reached 18,394 barrels of oil per day, down from 18,487 barrels in December, which also was down from 18,492 barrels per day in November.
Exillon shares were untraded on Thursday, last trading at 140.00 pence per share.
By Joshua Warner; [email protected]; @JoshAlliance
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