LONDON (Alliance News) - Exillon Energy PLC on Monday said average production from its two Russian assets was slightly higher in August, breaking three consecutive months of declines.
Exillion said its average daily production in the month was 15,926 barrels of oil per day, up from 15,732 in July and the first time the figure has increased for three months.
Average daily production for Timan-Pechora was 3,838 barrels per day, up from 3,622 barrels in July, whilst in West Siberia average daily production was marginally lower, down to 12,088 barrels per day from 12,110 barrels the previous month.
Peak daily production was 16,213 barrels per day, down from 16,331 barrels per day in July.
Exillon shares were down 2.4% to 113.00 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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