24 May 2016 07:00
Exillon Energy plc
April Production Report
24 May 2016 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce unaudited production data for the month of April 2016 ("the Period").
· Our average daily production[1] was 15,094 bbl/day during the period.
· Average daily production for Exillon TP was 3,414 bbl/day, and for Exillon WS it was 11,680 bbl/day during the period.
· Our peak daily production[2] was 15,686 bbl/day during the period.
Source: Average production data is based on monthly production reports submitted to tax authorities for MET payment purposes. Peak production is based on internal operations reports.
[1] The Company records production in metric tonnes. Barrelization ratios are used for illustrative purposes only and are calculated based on the Company's estimate of the typical API of oil produced from specific fields. The barrelization ratios used are 7.8037 bbl / tonne for Exillon WS and 7.44 bbl / tonne for Exillon TP. Total production was 44,902 tonnes for Exillon WS, 13,768 tonnes for Exillon TP and 58,670 tonnes for the Group during the 30 days period.
[2] "Peak daily production" represents the Company's estimate of aggregate production on the day on which aggregate production reached its maximum during the period. It does not represent the combined peak production of each separate field on different days, which may be higher.
Media contacts:
Tom Blackwell, EM
Blackwell@em-comms.com
+7 919 102 9064