13
Mar 2015
Production report for February 2015

Shelton Petroleum’s total oil production in February 2015 amounted to 23,610 barrels, equivalent to 843 barrels per day.

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

Feb

2015

Feb

2014

Jan-Feb

2015

Jan-Feb

2014

2014

2013

2012

Lelyaki

9,840

10,480

20,150

22,000

125,141

126,565

119,950

Rustamovskoye

13,770

16,000

26,330

33,800

196,236

122,305

57,900

Total barrels

23,610

26,480

46,480

55,800

321,377

248,870

177,850

Lelyaki

351

374

342

373

343

347

328

Rustamovskoye

492

571

446

573

538

335

158

Total barrels per day

843

946

788

946

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 565141

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.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.