10 Jan 2014 07:00
Exillon Energy plc
Quarterly Production Statement
10 January 2014
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 announces unaudited production data for the three-month period ending 31 December 2013.
Highlights
· Our average daily production1 was 16,668 bbl/day in October, 17,652 bbl/day in November and 18,731 bbl/day in December.
Production update
Production for Q4 2013 was as follows:
Oct | Nov | Dec | |
Exillon WS Avg. Production (bbl/day) | 12,827 | 13,894 | 14,804 |
Exillon TP Avg. Production (bbl/day) | 3,841 | 3,758 | 3,927 |
Avg. Production1 (bbl/day) | 16,668 | 17,652 | 18,731 |
Peak Production2 (bbl/day) | 17,187 | 19,163 | 19,121 |
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 58,808 tonnes for Exillon WS, 16,364 tonnes for Exillon TP and 75,172 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.
Further information is available from:
Tom Blackwell
Telephone: +44 7432 680 606 / +7 919 102 9064
Email: blackwell@em-comms.com