Shelton Petroleum’s total oil production in November 2015 amounted to
21,550 barrels, equivalent to 718 barrels per day.
The table below summarizes the production broken down by oil field.
| | Nov 2015 | Nov 2014 | Jan-Nov 2015 | Jan-Nov 2014 | 2014 | 2013 |
2012 |
| | | | | | | | |
| Lelyaki | 9,510 | 10,110 | 108,720 | 114,731 | 125,141 | 126,565 | 119,950 |
| Rustamovskoye | 12,040 | 15,480 | 146,030 | 181,646 | 196,236 | 122,305 |
57,900 |
| Total barrels | 21,550 | 25,590 | 254,750 | 296,377 | 321,377 | 248,870 |
177,850 |
| | | | | | | | |
| Lelyaki | 317 | 337 | 326 | 344 | 343 | 347 | 328 |
| Rustamovskoye | 401 | 516 | 437 | 544 | 538 | 335 | 158 |
| Total barrels per day | 718 | 853 | 763 | 887 | 880 | 682 | 486 |
Shelton Petroleum holds 100% of the Rustamovskoye license in Russia.
Shelton Petroleum has a 45% working interest in Kashtan Petroleum
(holder of the license to the Lelyaki oil field) through its wholly
owned subsidiary Zhoda 2001 Corporation. Ukrnafta, Ukraine\'s largest
oil and gas company, owns the remaining 55%. The production data in the
table above represents Shelton Petroleum’s working interest. The
Ukrainian operations were distributed to the shareholders in December
2015.
For more information, please contact:
Robert Karlsson, CEO, Shelton Petroleum, +46 709 565 141
robert.karlsson@sheltonpetroleum.com
www.sheltonpetroleum.com
About Shelton Petroleum
Shelton Petroleum is a Swedish company focused on exploring and
developing concessions in Russia. Shelton Petroleum’s Ukrainian
operations have been distributed to its shareholders. The company holds
licenses in the Volga-Urals area in Bashkiria and has commenced
production on the Rustamovskoye field after a successful exploration
program. Shelton Petroleum’s oil and gas 2P reserves amount to 27
million barrels of oil equivalent. The company’s share is traded on
Nasdaq Stockholm under the symbol SHEL B.
This is an English translation of the Swedish original. In case of
discrepancies, the Swedish original shall prevail.
