Shelton Petroleum: Rustamovskoye Produces 12,560 Barrels in January
Shelton Petroleum’s total oil production in January 2015 amounted to 22,870 barrels, equivalent to 738 barrels per day.
The table below summarizes the production broken down by oil field.
| Jan
2015 |
Jan
2014 |
Jan-Dec
2014 |
Jan-Dec
2013 |
Jan-Dec
2012 |
|
| Lelyaki | 10,310 | 11,520 | 125,141 | 126,565 | 119,950 |
| Rustamovskoye | 12,560 | 17,800 | 196,236 | 122,305 | 57,900 |
| Total barrels | 22,870 | 29,320 | 321,377 | 248,870 | 177,850 |
| Lelyaki | 333 | 372 | 343 | 347 | 328 |
| Rustamovskoye | 405 | 574 | 538 | 335 | 158 |
| Total barrels per day | 738 | 946 | 880 | 682 | 486 |
During the second half of January, the wells in Russia were not in full operation, which led to fewer production days and lower production at the Rustamovskoye field. Average daily production at Rustamovskoye so far in February 2015 amounts to 508 barrels per day.
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.