Communiqué from Extraordinary General Meeting


Shelton Petroleum earlier today held an extraordinary general meeting.
The meeting resolved to not dissolve the cross-ownership with Petrogrand
as proposed to the shareholders.


Minutes from the extra general meeting will be available at the
company’s website www.sheltonpetroleum.com.

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 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 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 11:15 CET on 26 January 2015.

Attachments

PR150126___Communiqu__from_EGM_e21b9.pdf