3 Dec 2012 07:00
Exillon Energy plc
November Production Report
3 December 2012
3 December 2012 - Exillon Energy plc (EXI.LN), a London Premium listed independent 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 November 2012 ("the Period").
·; Our average daily production[1] was 15,427 bbl/day during the period.
·; Average daily production for Exillon TP was 3,854 bbl/day, and for Exillon WS it was 11,573 bbl/day during the period.
·; Our peak daily production[2] was 16,196 bbl/day during the period.
We expect to make the December production announcement by 5 January 2013.
Media details:
Tom Blackwell +44 207 920 2330
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 7.67 bbl / tonne for Exillon WS and 7.44 bbl / tonne for Exillon TP. Total production was 45,266 tonnes for Exillon WS, 15,542 tonnes for Exillon TP and 60,808 tonnes for the Group during the 30 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.