Exillon pushes back production target

Northern Russia-focused oil producer Exillon Energy has delayed its short-term output target whilst reporting that losses widened significantly in 2011 due to higher operating costs and selling expenses.

Northern Russia-focused oil producer Exillon Energy has delayed its short-term output target whilst reporting that losses widened significantly in 2011 due to higher operating costs and selling expenses.

Shares edged lower (-0.04%) in early trading on Monday morning.

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