Shelton Petroleum’s total oil production in September 2013 amounted to 22,280 barrels, equivalent to 743 barrels per day.
The table below summarizes the production broken down by oil field.
|
|
Sep 2013 |
Sep 2012 |
Jan-Sep 2013 |
Jan-Sep 2012 |
Jan-Dec 2012 |
|
|
|
|
|
|
|
|
Lelyaki |
10,940 |
10,550 |
93,005 |
90,650 |
119,950 |
|
Rustamovskoye |
11,340 |
6,750 |
63,805 |
38,050 |
57,900 |
|
Total barrels |
22 280 |
17,300 |
156,810 |
128,700 |
177,850 |
|
|
|
|
|
|
|
|
Lelyaki |
365 |
352 |
341 |
331 |
328 |
|
Rustamovskoye |
378 |
225 |
234 |
139 |
158 |
|
Total barrels per day |
743 |
577 |
574 |
470 |
486 |
The company recently announced the results from the fracking of well #1 and #11 as well as the test of the new well #12 on the Rustamovskoye field. The work on these wells was performed during September and consequently the wells have not been producing during all days this month.
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 the resource-rich basins of 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, two leading Ukrainian oil and gas companies. The Shelton Petroleum share is traded on NASDAQ OMX Stockholm under the under the symbol SHEL B.