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March Production Report

5th Apr 2012 07:00

RNS Number : 8961A
Exillon Energy Plc
05 April 2012
 



Exillon Energy plc

March Production Report

5 April 2012

5 April 2012 - 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 March 2012 ("the Period").

·; Average daily production[1] for the Group was 11,785 bbl/day during the period.

·; Average daily production for Exillon TP was 3,261 bbl/day, and for Exillon WS it was 8,525 bbl/day during the period.

·; Peak daily production[2] for the Group was 12,177 bbl/day during the period.

The Company expects to make the April production announcement by 15 May 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 34,453 tonnes for Exillon WS, 13,586 tonnes for Exillon TP and 48,039 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.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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