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EXI Exillon Energy Plc

41.20
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Exillon Energy Plc LSE:EXI London Ordinary Share IM00B58FMW76 ORD USD0.0000125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 41.20 40.40 42.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Exillon Energy Plc July Production Report (8971N)

15/08/2017 7:00am

UK Regulatory


Exillon Energy (LSE:EXI)
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TIDMEXI

RNS Number : 8971N

Exillon Energy Plc

15 August 2017

Exillon Energy plc

July Production Report

15 August 2017 - 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 July 2017 ("the Period").

   --     Our average daily production([1]) was 10,353 bbl/day during the period. 

-- Average daily production for Exillon TP was 2,353 bbl/day, and for Exillon WS it was 8,000 bbl/day during the period.

   --     Our peak daily production([) (2]) was 10,690 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. Starting from September 2016, the barrelization ratios used are 7.58 bbl / tonne for Exillon WS and 7.43 bbl / tonne for Exillon TP, as compared to previously used ratios of 7.8037 bbl / tonne for Exillon WS and 7.44 bbl / tonne for Exillon TP. The ratios' adjustment relates to the change in estimates of the typical API based on the latest report on proved and probable reserves of the Group prepared by Miller and Lents Ltd, independent engineering consultants. Total production was 32,717 tonnes for Exillon WS, 9,817 tonnes for Exillon TP and 42,534 tonnes for the Group during the 31 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

Blackwell@em-comms.com

+7 919 102 9064

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLPIMPTMBIBMAR

(END) Dow Jones Newswires

August 15, 2017 02:00 ET (06:00 GMT)

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