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Exillon Energy Says Work On 2018 Results Statement Still Ongoing

Fri, 30th Aug 2019 10:34

(Alliance News) - Exillon Energy PLC on Friday said it is still cooperating with its external professional service providers to complete work on its 2018 financial statements.

The company delayed its annual results in April to look into transactions.

At that time, the company said this was "mainly due to the fact that certain transactions entered into by the group companies have been identified where the status of the counterparties and the nature of the transactions require further review and analysis by the board of directors and the management of the company and its auditors."

The Russia-focused oil company posted another update in June, saying it was still working to put out its figures, and this latest announcement follows the same vein.

Exillon has said it will make another announcement before the end of October.

Given that it has still not published its results, Exillon's shares remain suspended.

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Exillon Energy Increases Average Daily Production In Russia

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19 Sep 2013 09:35

Arip Says He Intends To Be Part Of Exillon Energy Auction

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18 Sep 2013 11:33

Exillon Energy hires Goldman Sachs to begin formal sale process

Having received several takeover approaches, Russian-focused oil explorer Exillon Energy has appointed Goldman Sachs to consult on a formal review of its options. Chairman David Herbert stressed that the company's assets were "materially undervalued" by the market. "The board has unanimously con

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18 Sep 2013 09:47

Exillon Starts Formal Sale Process After Further Approaches

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8 Mar 2013 07:42

Friday broker round-up UPDATE

Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re

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