Production report for June 2014


Shelton Petroleum’s total oil production in June 2014 amounted to 25,667
barrels, equivalent to 856 barrels per day.


The table below summarizes the production broken down by oil field.

┌─────────────────────┬────────┬────────┬───────┬───────┬──────────┬────────┬─┐
│                     │Jun     │Jun     │Jan-Jun│Jan-Jun│Jan-Dec   │Jan-Dec │ │
│                     │        │        │       │       │          │        │ │
│                     │2014    │2013    │2014   │2013   │2013      │2012    │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Lelyaki              │10,311  │  10,600│65,411 │60,925 │  126,565 │119,950 │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Rustamovskoye        │  15,356│8,260   │101,026│38,185 │ 122,305  │  57,900│ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Total barrels        │25,667  │18,860  │106,437│99,110 │248,870   │177,850 │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│                     │        │        │       │       │          │        │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Lelyaki              │344     │     353│361    │337    │       347│328     │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Rustamovskoye        │512     │ 275    │558    │211    │ 335      │158     │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Total barrels per day│856     │     629│920    │548    │       682│486     │ │
└─────────────────────┴────────┴────────┴───────┴───────┴──────────┴────────┴─┘

 

Maintenance operations were conducted in Bashkiria in June 2014 and this
resulted in fewer production hours during the month.

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.

 

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 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.

This is an English translation of the Swedish original. In case of
discrepancies, the Swedish original shall prevail.

Attachments

PR140714___Production_report_June_2014_1295a.pdf