20 Aug 2014 07:00
Exillon Energy plc
July Production Report
20 August 2014 - 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 July 2014 ("the Period").
· Our average daily production[1] was 16,678 bbl/day during the period.
· Average daily production for Exillon TP was 3,752 bbl/day, and for Exillon WS it was 12,926 bbl/day during the period.
· Our peak daily production[2] was 17,440 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 51,350 tonnes for Exillon WS, 15,632 tonnes for Exillon TP and 66,982 tonnes for the Group during the 31 day 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