Production report for August 2014


Shelton Petroleum’s total oil production in August 2014 amounted to 26,500
barrels, equivalent to 855 barrels per day.


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

 

┌─────────────────────┬────────┬────────┬───────┬───────┬──────────┬────────┬─┐
│                     │Aug     │Aug     │Jan-Aug│Jan-Aug│Jan-Dec   │Jan-Dec │ │
│                     │        │        │       │       │          │        │ │
│                     │2014    │2013    │2014   │2013   │2013      │2012    │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Lelyaki              │10,070  │  10,460│85,771 │82,065 │  126,565 │119,950 │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Rustamovskoye        │  16,430│5,730   │134,876│52,465 │ 122,305  │  57,900│ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Total barrels        │26,500  │16,190  │220,647│134,530│248,870   │177,850 │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│                     │        │        │       │       │          │        │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Lelyaki              │325     │     337│353    │338    │       347│328     │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Rustamovskoye        │530     │185     │555    │216    │ 335      │158     │ │
├─────────────────────┼────────┼────────┼───────┼───────┼──────────┼────────┼─┤
│Total barrels per day│855     │     522│908    │554    │       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.

 

 

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 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

PR140912___Production_report_Aug_2014_ded23.pdf