LONDON (Alliance News) - Exillon Energy PLC said Friday that production fell from its two Russian assets to the lowest level since June 2013, following a rise in February.
The company achieved an average daily production rate of 16,401 barrels of oil per day in March, compared to 17,459 barrels of oil per day in February, which followed two months of declines in January and December. March's average production rate is the company's lowest average production rate since June 2013, when it posted an average production rate of 16,176 barrels of oil per day.
Average production from Timan-Pechora average 3,095 barrels of oil per day, down from 3,409 barrels of oil per day in February, and production from West Siberia fell to 13,306 barrels of oil per day, compared to 14,050 barrels per day in February.
Peak daily production was 17,577 barrels of oil per day during March, compared to 18,088 barrels per day in February.
Shares in Exillon are trading up 1.6% at 125.00 pence Friday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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