As announced earlier an extraordinary general meeting on 2 May 2014 resolved that a minority auditor should be appointed in Shelton Petroleum. The extraordinary general meeting had been convened upon the request of Petrogrand AB. On 2 June 2014 the Swedish Companies Registration Office (Sw. Bolagsverket) appointed authorized public accountant Cronie Wallquist, KPMG AB, to participate in the audit together with the other auditors in Shelton Petroleum.
The resolution regarding minority auditor is in force until the end of the next annual shareholders meeting in Shelton Petroleum.
For more information, please contact:
Robert Karlsson, CEO, Shelton Petroleum, tel +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 symbol SHEL B.
This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.