14th Nov 2011 07:00
Exillon Energy plc
October Production Report
14 November 2011
14 November 2011 - 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 October 2011 ("the Period").
·; Average daily production[1] for the Group reached 9,935 bbl/day during the period.
·; Average daily production for Exillon TP was 3,072 bbl/day, and for Exillon WS it was 6,863 bbl/day during the period.
·; Peak daily production[2] for the Group reached 11,146 bbl/day during the period.
The Company expects to make the November production announcement by December 12, 2011.
Contact 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 27,735 tonnes for Exillon WS, 12,802 tonnes for Exillon TP and 40,537 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.
Related Shares:
EXI.L