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.
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The company has two sites, one in Timan-Pechora, north Russia, the other in West Siberia.
BS
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