Shelton Petroleum’s total oil production in May amounted to 17,240 barrels, equivalent to 556 barrels per day.
The table below summarizes the production broken down by oil field.
|
|
May 2013 |
May 2012 |
Jan-May 2013 |
Jan-May 2012 |
Jan-Dec 2012 |
|
|
|
|
|
|
|
|
Lelyaki |
10,740 |
10,100 |
50,325 |
48,300 |
119,950 |
|
Rustamovskoye |
6,500 |
4,100 |
29,925 |
20,400 |
57,900 |
|
Total barrels |
17,240 |
14,200 |
80,250 |
68,700 |
177,850 |
|
|
|
|
|
|
|
|
Lelyaki |
346 |
326 |
333 |
318 |
328 |
|
Rustamovskoye |
210 |
132 |
198 |
134 |
158 |
|
Total barrels per day |
556 |
458 |
531 |
452 |
486 |
The new well RS #11 on the Rustamovskoye field in Bashkiria is currently being production tested and has flowed at approximately 130 barrels per day. The production volumes for May in the table above include production from the new well for a few days only.
Well #310 at Lelyaki is currently being tested.
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%. Shelton Petroleum holds 100% of the Rustamovskoye license in Russia. 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 the resource-rich basins of Ukraine. The company holds three licenses in the Volga-Urals area 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, two leading Ukrainian oil and gas companies. The Shelton Petroleum share is traded on NASDAQ OMX Stockholm under the under the symbol SHEL B.