7th Feb 2012 07:00
RNS Number : 9258W
Exillon Energy Plc
07 February 2012
Exillon Energy plc
January Production Report
7 February 2012
7 February 2012 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a British 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 January 2012 ("the Period").
·; Average daily production[1] for the Group was 10,972 bbl/day during the period.
·; Average daily production for Exillon TP was 3,094 bbl/day, and for Exillon WS it was 7,877 bbl/day during the period.
·; Peak daily production[2] for the Group was 11,836 bbl/day during the period.
The Company expects to make the February production announcement by 15 March 2012.
Media details:
Tom Blackwell
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 31,836 tonnes for Exillon WS, 12,893 tonnes for Exillon TP and 44,729 tonnes for the Group during the 31 day period.
[2]“Peak daily production” represents the Company’s estimate of aggregate production on the day onwhich 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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Related Shares:
EXI.L
