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RNS Number : 2797D
Exillon Energy Plc
26 October 2015
 

Exillon Energy plc

September Production Report

 

26 October 2015 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a London Premium listed 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 September 2015 ("the Period").

 

·     Our average daily production[1] was 15,660  bbl/day during the period.

·     Average daily production for Exillon TP was 3,592 bbl/day, and for Exillon WS it was 12,068 bbl/day during the period.

·     Our peak daily production[2] was 16,311 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 46,395 tonnes for Exillon WS, 14,483 tonnes for Exillon TP and 60,878 tonnes for the Group during the 30 days 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

Blackwell@em-comms.com

+7 919 102 9064

 


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