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Exillon Energy Production Levels Fall

Fri, 25th Jul 2014 11:42

LONDON (Alliance News) - Exillon Energy PLC Friday said production levels and peak daily production rates fell for the second consecutive month in June.

The oil producer with assets in Russia said its June average daily production was 17,532 barrels per day, down from 17,847 barrels in May and 18,211 barrels in April.

The company said its average daily production rates for June at its Timan-Pechora site was 3,803 barrels per day and from its West Siberia operations was 13,729 barrels.

Exillon Energy also said its peak daily production was 17,889 barrels per day during June, down from 18,263 barrels per day in May and 18,706 barrels in April.

The company did not comment on the reasons for its production decrease.

Exillon Energy shares were down 0.4% to 155.40 pence on Friday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1

Copyright 2014 Alliance News Limited. All Rights Reserved.

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