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Exillon Energy Interim Results For the First Six Months of 2014

Source: www.gulfoilandgas.com 9/4/2014, Location: Asia

Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, issues its interim results for the first six months to 30 June 2014.

Highlights

Production up 14%, equivalent to average production for H1 2014 of 17,801 bpd

EBITDA up 77% to US$50.7million (up from US$28.6 million in H1 2013)

EBITDA per barrel up 53% to US$15.6 per barrel (up from US$10.2 per barrel in H1 2013)

Net profit up 200% to US$23.8million (up from a net profit of US$7.9 million in H1 2013)

Production

Our oil production increased 14% from 2.83 million to 3.22 million barrels equivalent to an increase from 15,621 bpd to 17,801 bpd compared to H1 2013, and 2% from 3.16 million to 3.22 million barrels equivalent to an increase from 17,164 bpd to 17,801 bpd compared to H2 2013.

We publish monthly production data, and therefore have already announced details of our production for the period. For reference we summarise below the monthly data published during the six month period.

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