March 18 Oil producer Exillon Energy
reported a 59 percent jump in full-year core earnings helped by
higher oil prices and the weakening of the Russian ruble.
The London-listed company, which was a takeover target last
year, said production rose 27.5 percent to 5,985,459 barrels in
Core earnings or earnings before interest, tax,
depreciation and amortisation (EBITDA) rose to $73.3 million for
the year ended Dec. 31 from $46.1 million a year earlier.
The company, whose oilfields are located primarily in
Russia, said average commodity prices from domestic sales rose
to $47 per barrel from $44 in 2012.
Exillon's shares were up more than 10 percent at 165.25
pence at 0806 GMT on the London Stock Exchange on Tuesday.