Production report for November 2014


Shelton Petroleum’s total oil production in November 2014 amounted to 25,590
barrels, equivalent to 853 barrels per day.

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

 

┌────────────────────┬────────┬─────────┬───────┬───────┬──────────┬────────┬─┐
│                    │Nov     │Nov      │Jan-Nov│Jan-Nov│Jan-Dec   │Jan-Dec │ │
│                    │        │         │       │       │          │        │ │
│                    │2014    │2013     │2014   │2013   │2013      │2012    │ │
├────────────────────┼────────┼─────────┼───────┼───────┼──────────┼────────┼─┤
│Lelyaki             │10,110  │  11,020 │114,731│115,085│  126,565 │119,950 │ │
├────────────────────┼────────┼─────────┼───────┼───────┼──────────┼────────┼─┤
│Rustamovskoye       │  15,480│19,040   │181,646│103,985│ 122,305  │  57,900│ │
├────────────────────┼────────┼─────────┼───────┼───────┼──────────┼────────┼─┤
│Total barrels       │25,590  │30,060   │296,377│219,070│248,870   │177,850 │ │
├────────────────────┼────────┼─────────┼───────┼───────┼──────────┼────────┼─┤
│                    │        │         │       │       │          │        │ │
├────────────────────┼────────┼─────────┼───────┼───────┼──────────┼────────┼─┤
│Lelyaki             │337     │     367 │344    │345    │       347│328     │ │
├────────────────────┼────────┼─────────┼───────┼───────┼──────────┼────────┼─┤
│Rustamovskoye       │516     │635      │544    │311    │ 335      │158     │ │
├────────────────────┼────────┼─────────┼───────┼───────┼──────────┼────────┼─┤
│Total barrels per   │853     │    1,002│887    │656    │       682│486     │ │
│day                 │        │         │       │       │          │        │ │
└────────────────────┴────────┴─────────┴───────┴───────┴──────────┴────────┴─┘

 

Scheduled replacement of pumps will lead to fewer production days in Russia
during December.

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. 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

PR141211___Production_report_Nov_2014_96489.pdf