Shelton Petroleum AB: Production report for December 2013
Shelton Petroleum’s total oil production in December 2013 amounted to 29,800 barrels, equivalent to 961 barrels per day. Production in the fourth quarter 2013 amounted to 92,060 barrels, equivalent to 1,001 barrels per day.
“As a result of the successful drillings in Bashkiria, production has almost doubled in 2013. During the fourth quarter, production amounted to just over 1,000 barrels per day, which marks an important milestone for Shelton Petroleum”, says Robert Karlsson, CEO of Shelton Petroleum.
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.
