(Alliance News) - Exillon Energy PLC on Tuesday reported higher daily oil production in December compared to November.
The Russia-focused oil company achieved average production of 12,314 barrels per day in December, up 1.6% from the 12,126 barrels produced in November.
Exillon West Siberia production rose by 1.7% to 9,621 barrels per day in December from 9,457 produced a month prior, while Exillon Timan-Pechora output slipped to 2,234 barrels from 2,246 barrels a day a month ago.
Exillon said total peak daily production grew by 4.0% to 12,804 barrels a day from 12,306 barrels the prior month.
Shares in Exillon Energy are currently suspended, as it is yet to release its annual results for 2018.
At the end of October, the company had proposed the cancellation of its shares from Main Market trading in London. It needs the approval of at least 75% of shareholders at an upcoming extraordinary general meeting vote.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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