Exillon Energy Plc Announcement of Exillon Energy plc (2751X)
April 26 2019 - 7:47AM
UK Regulatory
TIDMEXI
RNS Number : 2751X
Exillon Energy Plc
26 April 2019
Announcement of Exillon Energy plc
26 April 2019 - Exillon Energy plc ("Exillon Energy" or the
"Company") (EXI.LN), a London Premium listed oil producer with
assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon
TP") and West Siberia ("Exillon WS"), announces that there shall be
a delay in the publication of the consolidated financial statements
of the Company and its subsidiaries (the "Group") for the year
ended 31 December 2018 and the publication of the Group's annual
report which is due for publication on or before 30 April 2019.
The delay is mainly due to the fact that certain transactions
entered into by the Group companies have been identified where the
status of the counterparties and the nature of the transactions
require further review and analysis by the board of directors and
the management of the Company and its auditors.
The delay is to allow more time for additional and necessary
information and evidence to be gathered in order for the board of
directors of the Company to finalise the Group's consolidated
financial statements and to allow the auditors to arrive at their
opinion on those financial statements.
The directors of the Company have initiated a detailed review to
be carried out by the Company's external professional service
providers with the aim of ensuring that the consolidated financial
statements and the Group's annual report are published as soon as
possible.
A further announcement will be made by not later than 30 June
2019.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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