Exillon Energy plc announced unaudited consolidated earnings and production results for the six months ended June 30, 2016. For the period, the company reported revenue of USD 64,071,000 compared to USD 108,720,000 a year ago. Operating profit was USD 27,078,000 compared to USD 15,845,000 a year ago. Profit before income tax was USD 26,833,000 compared to USD 15,517,000 a year ago. Profit for the period attributable to owners of the parent of USD 22,328,000 compared to USD 13,197,000 a year ago. Total comprehensive income for the period attributable to owners of the parent was USD 63,483,000, compared to USD 17,624,000 a year ago. Earnings per basic and diluted share of USD 0.14 compared to USD 0.08 a year ago. Net cash generated from operating activities of USD 80,285,000 compared to USD 15,393,000 a year ago. Purchase of property, plant and equipment of USD 4,816,000 compared to USD 29,057,000 a year ago. EBITDA increased by 25% to USD 38.1 million compared to 30.4 million a year ago. EBITDA after allocation of central costs was equal to USD 14.2 per barrel compared to USD 10.2 per barrel in first half of 2015. Capital expenditure USD 4.8 million compared to USD 29.1 million a year ago. The decrease in revenue was primarily a consequence of lower average oil prices during first half of 2016 as compared to first half of 2015. A decrease in sales volumes, resulting from a decrease in production, has also contributed to the reduction in revenue.

For the six months, the company reported oil production decreased by 11% from 3.01 million to 2.69 million barrels equivalent to a decrease from 16,643 bpd to 14,807 bpd compared to same period a year ago. The decrease in production is reflecting the natural production decline curve due to the natural depletion.