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  • Shelton Petroleum: November Production Dips, Pumps to Be Replaced in December

    Shelton Petroleum’s total oil production in November 2014 amounted to 25,590 barrels, equivalent to 853 barrels per day.

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

     

    Nov

    2014

    Nov

    2013

    Jan-Nov

    2014

    Jan-Nov

    2013

    Jan-Dec

    2013

    Jan-Dec

    2012

    Lelyaki10,110  11,020114,731115,085  126,565119,950
    Rustamovskoye  15,48019,040181,646103,985 122,305  57,900
    Total barrels25,59030,060296,377219,070248,870177,850
    Lelyaki337     367344345       347328
    Rustamovskoye516635544311 335158
    Total barrels per day853    1,002887656       682486

     

    Scheduled replacement of pumps will lead to fewer production days in Russia during December.

    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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