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8 Jul 2013 07:00
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Exillon Energy plc
Quarterly Production Statement
8 July 2013
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Exillon Energy plc (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"), today issues its Quarterly Production Statement for the three month period ending 30 June 2013.
Production UpdateProduction for Q2 2013 was as follows:
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Apr | May | Jun | |
Exillon WS Avg. Production (bbl/day) | 11,463 | 11,987 | 12,403 |
Exillon TP Avg. Production (bbl/day) | 3,588 | 3,990 | 3,773 |
Avg. Production1 Β (bbl/day) | 15,051 | 15,977 | 16,176 |
Peak Production2 (bbl/day) | 16,544 | 17,013 | 16,938 |
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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 7.80 bbl / tonne for Exillon WS and 7.44 bbl / tonne for Exillon TP.
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.Β
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Further information is available from:
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Tom Blackwell
Telephone:Β +44 7834 310 945Β / +7 919 102 9064
Email:Β blackwell@mcomgroup.com
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