4 Jul 2012 07:00
Exillon Energy plc
June Production Report
4 July 2012 - Exillon Energy plc, 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 June 2012 ("the Period").
·; Our average daily production[1] was 12,131 bbl/day during the period, an increase of 7% over the equivalent figure for May.
·; Average daily production for Exillon TP was 3,069 bbl/day, and for Exillon WS it was 9,062 bbl/day during the period.
·; Our peak daily production[2] was 12,528 bbl/day during the period.
We expect to make the July production announcement by 5 August 2012.
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 35,443 tonnes for Exillon WS, 12,375 tonnes for Exillon TP and 47,818 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.
EXI.L (EXI)