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Shelton Petroleum: Maintenance Causes Minor Dip In YOY Monthly Figures for June

Shelton Petroleum’s total oil production in June 2014 amounted to 25,667 barrels, equivalent to 856 barrels per day.

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

Jun2014 Jun2013 Jan-Jun2014 Jan-Jun2013 Jan-Dec 2013 Jan-Dec 2012
Lelyaki 10,311   10,600 65,411 60,925   126,565 119,950
Rustamovskoye   15,356 8,260 101,026 38,185  122,305   57,900
Total barrels 25,667 18,860 106,437 99,110 248,870 177,850
Lelyaki 344      353 361 337        347 328
Rustamovskoye 512  275 558 211  335 158
Total barrels per day 856      629 920 548        682 486

 

Maintenance operations were conducted in Bashkiria in June 2014 and this resulted in fewer production hours during the 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.

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