Shelton Petroleum: Produces 743 Barrels Per Day in September

Shelton Petroleum’s total oil production in September 2013 amounted to 22,280 barrels, equivalent to 743 barrels per day.

The company recently announced the results from the fracking of well #1 and #11 as well as the test of the new well #12 on the Rustamovskoye field. The work on these wells was performed during September and consequently the wells have not been producing during all days this 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%.