New shareholder appoints a member to the nomination committee


Appointed Board Ltd has elected a member to Shelton Petroleum’s
nomination committee and issued a statement to the company regarding its
shareholding.


Appointed Board Ltd announced through a flagging notification on 26
January 2015 that it has acquired 593 750 A shares, representing three
per cent of the capital and twenty-three per cent of the votes in
Shelton Petroleum.  Appointed Board Ltd has, in accordance with the
procedures defined by the annual general meeting in June 2015, elected
Mr Cheddi Liljeström as representative in Shelton Petroleum’s nomination
committee. Mr Liljeström is Senior Counsel at Delphi, one of the leading
commercial law firms in Sweden. Mr Jan Hallgren has resigned from the
committee following Rosenqvist Gruppen’s divestment of its shareholding
in Shelton Petroleum.

Appointed Board Ltd has issued the following statement to Shelton
Petroleum.

“We have acquired shares in Shelton Petroleum as we have identified a
very interesting investment case in the company. Shelton Petroleum holds
a license portfolio with proven reserves and a stable and profitable
production that we believe is materially undervalued. We fully support
the existing board and management and look forward to contributing to
the continued development of the company. We have a solid track record
in making investments in several sectors, including the oil and gas
sector in Ukraine.”

 

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.

Attachments

PR_150130___New_shareholder_appoints_a_member_to_the_nomination_committee_5c775.pdf