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  • Shelton Petroleum: Produces 16,430 Barrels at the Rustamovskoye in August

    Shelton Petroleum’s total oil production in August 2014 amounted to 26,500 barrels, equivalent to 855 barrels per day.

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

    Aug2014 Aug2013 Jan-Aug2014 Jan-Aug2013 Jan-Dec 2013 Jan-Dec 2012
    Lelyaki 10,070   10,460 85,771 82,065   126,565 119,950
    Rustamovskoye  16,430 5,730 134,876 52,465  122,305   57,900
    Total barrels 26,500 16,190 220,647 134,530 248,870 177,850
    Lelyaki 325      337 353 338        347 328
    Rustamovskoye 530 185 555 216  335 158
    Total barrels per day 855      522 908 554        682 486

     

    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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