Shelton Petroleum : Production report for May 2015
June 12, 2015 at 01:48 pm
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Shelton Petroleum's total oil production in May 2015 amounted to 23,320 barrels, equivalent to 752 barrels per day.
The table below summarizes the production broken down by oil field.
May
2015
May
2014
Jan-May
2015
Jan-May
2014
2014
2013
2012
Lelyaki
9,290
11,060
49,470
55,100
125,141
126,565
119,950
Rustamovskoye
14,030
17,120
68,910
85,670
196,236
122,305
57,900
Total barrels
23,320
28,180
118,380
140,770
321,377
248,870
177,850
Lelyaki
300
357
328
365
343
347
328
Rustamovskoye
453
552
456
567
538
335
158
Total barrels per day
752
909
784
932
880
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 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. Shelton Petroleum oil and gas 2P reserves amount to 34 million barrels. The company's share is traded on Nasdaq Stockholm under the symbol SHEL B.
This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.
Petrosibir AB is a Sweden-based company with focus on exploration and production of oil in Russia. Petrosibir AB is a parent and holding Company for the groupâs operational subsidiaries. The parent Company is responsible for joint Group functions, such as operations and finance.The Company has a diversified portfolio that combines low-cost and low risk production with exploration potential. In addition, the Company holds licenses in the Russian republics of Bashkiria and Komi which are: Rustamovskoye, Aysky, Suyanovskoye, Dinyu-Savinoborskoye, Sosnovskoye and Yuzhno-Tebukskoye license areas. Petrosibir's 2P oil and gas reserves amount to 35 million barrels of oil equivalent.