25th Jul 2014 07:00
Exillon Energy plc
June Production Report
25 July 2014 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a London 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 June 2014 ("the Period").
· Our average daily production[1] was 17,532 bbl/day during the period.
· Average daily production for Exillon TP was 3,803 bbl/day, and for Exillon WS it was 13,729 bbl/day during the period.
· Our peak daily production[2] was 17,889 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 52,779 tonnes for Exillon WS, 15,336 tonnes for Exillon TP and 68,115 tonnes for the Group during the 30 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.
Media contacts:
Tom Blackwell, EM
+7 919 102 9064
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