Alliance Oil: Oil Production Up 12% and EBITDA Up 57%
In 2011, the improved macro environment supported our operations and financial performance. The price of Urals increased by almost 40% year-on-year and the Russian Rouble strengthened against the US Dollar by 3.2%. New tax initiatives aimed at stimulating Russian upstream production and enforcing refinery modernizations were adopted last year. Alliance Oil Company’s oil production …
Exillon Energy’s Total Proved Reserves Up 12%
Exillon Energy plc, a British independent oil producer with assets in two oil-rich regions in northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce that total proved (“1P”) recoverable reserves increased by 12% to 125 million barrels and total proved plus probable (“2P”) reserves increased …
Exillon Energy plc: January Production Report
Exillon Energy plc, a British 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 January 2012 “the Period”. · Average daily production for the Group was 10,972 bbl/day during the …
Exillon Energy: Refinances $50m USD and loans an additional $50m USD
Exillon Energy plc, an independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce the signing of a new term loan by its wholly owned subsidiary Exillon Finance Limited (“Exillon Finance”) with Credit Suisse on 3rd …
Exillon Energy Acquires Sinatiyskoye Licence
Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce the acquisition of the Sinatiyskoye Licence. On 30 December 2011, Exillon acquired the Sinatiyskoye exploration and production licence in a …
Alliance Oil increases production by 38%
Alliance Oil Company’s total upstream volumes for 2011 increased by 12% to 17.9 mbbl (49,100 bopd) from 16.0 mbbl (43,800 bopd) in 2010. The full year development and exploration program resulted in 56 new wells. The preliminary refining volumes in 2011 increased by 13% to 26.9 mbbl (73,700 bopd) from 23.7 mbbl (64,900 bopd). …
Exillon Energy: Unaudited Production up to 12,000 Barrels
Exillon Energy plc, a British 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 December 2011 (“the Period”). · Average daily production1 for the Group reached 11,055 bbl/day …
Exillon Energy Appoints Head of Production Operations
Exillon Energy plc, a British 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 that it has appointed Henry Wolski as Senior Vice President, Production Operations. Henry is a 30 year veteran of the oil …
Exillon Energy Hits Oil
Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce that well EWS I – 44 successfully found oil on the south-eastern part of the East EWS I field. EWS …
Exillon Energy Interim Results for the First Six Months of 2011 and Recent Drilling Update
Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today issues its interim results for the first six months to 30 June 2011, and an update on recent drilling results. The financial and production data are for …