Exillon Energy Plc June Production Report (3212D)

TIDMEXI

RNS Number : 3212D

Exillon Energy Plc

06 July 2016

Exillon Energy plc

June Production Report

06 July 2016 - 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 June 2016 ("the Period").

   --     Our average daily production([1]) was 14,364 bbl/day during the period. 

-- Average daily production for Exillon TP was 3,385 bbl/day, and for Exillon WS it was 10,979 bbl/day during the period.

   --     Our peak daily production([) (2]) was 14,812  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 42,206 tonnes for Exillon WS, 13,649 tonnes for Exillon TP and 55,855 tonnes for the Group during the 30 days 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

[e-mail]

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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July 06, 2016 02:00 ET (06:00 GMT)