Notice for EGM in Shelton Petroleum on 13 May 2014 has been cancelled

On 29 April 2014, the Administrative Court of Appeal in Sundsvall (Sw.
kammarrätten) in case no. 1018-14 announced a suspension of the ruling of the
Administrative Court in Härnösand (Sw. förvaltningsdomstolen) on 17 April 2014
and that the Swedish Companies Registration Office’s (Sw. Bolagsverket) notice
to convene an extraordinary general meeting in Shelton Petroleum on 13 May 2014
has been cancelled until further notice. The Swedish Companies Registration
Office has informed Shelton Petroleum that it intends to publish in “Post- och
Inrikes Tidningar” and “Svenska Dagbladet” as soon as possible, but not later
than on 5 May 2014, that the previously issued notice for an extraordinary
general meeting in Shelton Petroleum on 13 May 2014 has been cancelled until
further notice. The notice to extraordinary general meeting that was issued by
the Companies Office and that now has been cancelled was originally made at the
request of Petrogrand.

 


For more information, please contact:

Robert Karlsson, CEO Shelton Petroleum, tel +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 and the resource-rich basins of Ukraine. In Russia, the
company holds three licenses in the Volga-Urals area in Bashkiria and has
commenced production on the Rustamovskoye field after a successful exploration
program. In Ukraine, Shelton Petroleum’s wholly owned subsidiary has a joint
venture with Ukrnafta and Chornomornaftogaz, two leading Ukrainian oil and gas
companies. The Shelton Petroleum share is traded on NASDAQ OMX Stockholm under
the symbol SHEL B.

The information provided herein is such that Shelton Petroleum AB is obligated
to disclose it pursuant to the Securities Markets Act and/or the Financial
Instruments Trading Act. The information was submitted for publication at 16:55
CET on 2 May 2014.