EXI26 Oct 2011 08:08
PRODUCTION AND RESERVES
· Average daily production reached 9,137 bbl/day in the period from 1 July 2011 to 30 September 2011, an increase of 53% from 5,985 bbl/day during the comparable period in 2010.
o During July 2011, the Group achieved average daily production of 8,668 bbl/day, with Exillon TP contributing 3,132 bbl/day, EWS I fields contributing 5,149 bbl/day and EWS II fields contributing 386 bbl/day. During the month the Group reached a peak daily production of 9,164 bbl/day.
o During August 2011, the Group achieved average daily production of 8,972 bbl/day, with Exillon TP contributing 3,348 bbl/day, EWS I contributing 5,322 bbl/day and EWS II contributing 302 bbl/day. During the month the Group reached a peak daily production of 9,853 bbl/day.
o During September 2011, the Group achieved average daily production of 9,792 bbl/day, with Exillon TP contributing 3,357 bbl/day, EWS I contributing 6,057 bbl/day and EWS II contributing 378 bbl/day. During the month the Group reached a peak daily production of 10,276 bbl/day.
· Exillon Energy expects to put Well 76 in Timan Pechora and Wells 18 and 40 in Western Siberia in production this year.
· The Group expects to publish a revised reserve report audited by Miller and Lents before the end of the year. Management does not currently expect the increase in this year's reserves audit to be as large as in previous years.