Shelton Petroleum: Rustamovskoye Production Up 260% YOY
Shelton Petroleum’s total oil production in May 2014 amounted to 28,180 barrels, equivalent to 909 barrels per day.
The table below summarizes the production broken down by oil field.
| May
2014 |
May
2013 |
Jan-May
2014 |
Jan-May
2013 |
Jan-Dec
2013 |
Jan-Dec
2012 |
||
| Lelyaki | 11,060 | 10,740 | 55,100 | 50,325 | 126,565 | 119,950 | |
| Rustamovskoye | 17,120 | 6,500 | 85,670 | 29,925 | 122,305 | 57,900 | |
| Total barrels | 28,180 | 17,240 | 140,770 | 80,250 | 248,870 | 177,850 | |
| Lelyaki | 357 | 346 | 365 | 333 | 347 | 328 | |
| Rustamovskoye | 552 | 210 | 567 | 198 | 335 | 158 | |
| Total barrels per day | 909 | 556 | 932 | 531 | 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.