Zhoda Investments: Operational update on the oil operations / March 17, 2022
“During the past three weeks, our top priority has been the health and safety of our colleagues in Kyiv and at the oil field. We will continue to follow the recommendations of the Ukrainian government to contribute to the stability of the country as well as our own operations”, says …
Shelton Petroleum: Distributes Ukrainian Operations Through Zhoda Petroleum Ukraine AB
As part of the transaction between Shelton Petroleum and Petrogrand, Shelton Petroleum today distributes its Ukrainian operations to its shareholders in the form of a dividend. Zhoda Petroleum Ukraine AB (“Zhoda”) is the Swedish parent company in the group that has been distributed. Pareto Securities has set up an OTC …
Shelton Petroleum: 9M Results – Petrogrand Merger Plus Margins Running at 22%
January – September 2015 Continuing Operations* – Total revenue: SEK 23 (36) million – Operating result: SEK 1 (2) million – Operating margin: 2% (6%) – Basic and diluted earnings per share: SEK -2.58 (0.11) January – September 2015 Russian and Ukrainian Operations** – Revenue: SEK 62 (93) million – …
Shelton Petroleum AB: Interim report January-June 2015
Increased operating margin compared to the first quarter January – June 2015 – Total revenue for the period: SEK 42 (63) million – Operating result for the period: SEK 5 (15) million – Operating margin: 12% (23%) – Basic and diluted earnings per share: SEK 0.19 (0.70) April – June …
Shelton Petroleum AB: Interim Report January-June 2015
Increased operating margin compared to the first quarter January – June 2015 Total revenue for the period: SEK 42 (63) million Operating result for the period: SEK 5 (15) million Operating margin: 12% (23%) Basic and diluted earnings per share: SEK 0.19 (0.70) Statement from the CEO Robert Karlsson During …
Shelton Petroleum: Q1 Results – Turnover and Profit Down, Margin Steady at 7%
Operating margin 7% despite significantly lower oil prices Total revenue for the period: SEK 19 (32) million Operating result for the period: SEK 1 (9) million Operating margin: 7% (29%) Basic earnings per share: SEK 0.04 (0.55) Diluted earnings per share: SEK 0.04 (0.53) Oil production Q1 2015 Q1 2014 …
Shelton Petroleum AB: Agreement to dissolve the cross-ownership with Petrogrand
Shelton Petroleum and Petrogrand have entered into an agreement to dissolve the cross-ownership between the companies through a share swap. The exchange ratio is 0.40 shares in Shelton Petroleum for each share in Petrogrand. The agreement is subject to shareholder resolution at general meetings in both companies. Dissolving the cross-ownership …
Shelton Petroleum: Significantly Strengthened Reserves Base in Russia
January – September 2014 Total revenue for the period: SEK 93 (72) million Write-down of exploration assets affects the operating result by SEK -7 (0) million Operating result for the period: SEK 16 (19) million Operating result and margin excluding write-down: SEK 23 (19) million, 24% (26%) Basic and diluted …
Shelton Petroleum: AGR-TRACS Audit Review Sees 7 Fold Increase in Reserves
On behalf of Shelton Petroleum, AGR-TRACS has carried out an independent Western reserve update related to two of the company’s oil fields in Russia. The oil reserves on the producing field are estimated to amount to approximately 41 million barrels, which corresponds to an increase by seven times compared to …
Shelton Petroleum: Suyanovskoye Seismic Program Reveals “Promising Structures with Significant Resources”
Shelton Petroleum has collected and analysed 95 kilometers of seismic data on the Suyanovskoye oil field. Three promising structures with estimated recoverable resources of approximately 47 million barrels of oil have been identified. Shelton Petroleum is also conducting a Western independent reserves audit on the producing Rustamovskoye oil field and …