Exillon Energy, the Russia-focused oil company, has reported average daily production of 13,264 barrels per day during August.
This compares to the 12,330 figure announced for July and suggests the firm is on track to reach its target of 17,000 barrels per day by the end of the year.
Exillon shares were up 5% by 11:05 but have still declined 43% since the start of the year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company has two sites, one in Timan-Pechora, north Russia, the other in West Siberia.
BS
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
