3rd Sep 2012 07:00
Exillon Energy plc
August Production Report
3 September 2012
3 September 2012 - Exillon Energy plc, a London Premium listed independent 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 August 2012 ("the Period").
·; Our average daily production[1] was 13,264 bbl/day during the period.
·; Average daily production for Exillon TP was 3,248 bbl/day, and for Exillon WS it was 10,015 bbl/day during the period.
·; Our peak daily production[2] was 14,054 bbl/day during the period.
We expect to make the September production announcement by 5 October 2012.
Media details:
Tom Blackwell +44 207 920 2330
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 7.67 bbl / tonne for Exillon WS and 7.44 bbl / tonne for Exillon TP. Total production was 40,476 tonnes for Exillon WS, 13,535 tonnes for Exillon TP and 54,011 tonnes for the Group during the 31 day 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.
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