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 …
Shelton Petroleum: Interim Report January-June 2014
January – June 2014 Total revenue for the period: SEK 63 (46) million Operating result for the period: SEK 15 (11) million Operating margin: 23% (23%) Convertible bond of SEK 22 million fully converted into shares making the company debt-free Basic and diluted earnings per share: SEK 0.70 (-0.44) …
Shelton Petroleum: Ups Offer Significantly for Petrogrand and Becomes the Largest Shareholder
Shelton Petroleum completes the Offer and becomes the largest shareholder in Petrogrand. In order to make the offer attractive to even more shareholders we have increased and extended the Offer. We look forward to creating new value for the shareholders of both Shelton and Petrogrand, says Robert Karlsson, CEO of …
Shelton Petroleum AB: Comments on Petrogrand’s Fairness Opinon
Shelton Petroleum comments on Petrogrand’s fairness opinion. The valuation is based on information that contradicts Petrogrand’s previous assessment of Shelton Petroleum’s reserve base. On 22 January 2014, Shelton Petroleum announced a public offer to the shareholders of Petrogrand. Based on a fairness opinion from an investment bank, the board of …
Shelton Petroleum: #12 Well at Rustamovskoye is a Possible Game Changer
Shelton Petroleum today announces a geologic update on its Russian oil fields. The objective of the update is to present how the company’s view on the fields has changed after the positive drilling results of the most recent well. CEO Robert Karlsson will host a webcasted conference call today at …
Shelton Petroleum AB: Invitation to Shelton Petroleum’s Geologic Update
Shelton Petroleum will release a geologic update on its Russian oil fields on Thursday 13 February at approximately 10.30 CET. CEO Robert Karlsson will host a webcasted conference call the same morning at 11.00 CET. Shelton Petroleum has since 2007 successfully been pursuing oil exploration and production at the company’s …
Shelton Petroleum AB: Shelton Commences Seismic Program on Suyanovskoye Field in Russia
Shelton Petroleum has commenced fieldwork for the collection of 85 kilometers of seismic on the Suyanovskoye field in Bashkiria. Shelton Petroleum has previously carried out helium studies on Suyanovskoye that indicate the presence of hydrocarbons and an active petroleum system. Suyanovskoye is Shelton Petroleum’s largest license area and has significant …
Shelton Petroleum AB: Production report for December 2013
Shelton Petroleum’s total oil production in December 2013 amounted to 29,800 barrels, equivalent to 961 barrels per day. Production in the fourth quarter 2013 amounted to 92,060 barrels, equivalent to 1,001 barrels per day. “As a result of the successful drillings in Bashkiria, production has almost doubled in 2013. During …
Shelton Petroleum AB: Communiqué from Extraordinary General Meeting 9 January 2014
At the extraordinary general meeting held today, the shareholders resolved to give the Board of Directors an authorization to resolve on new issues of equity. The shareholders also resolved not to carry out a share split or a bonus issue. CEO Robert Karlsson presented the background for the extraordinary general …
Shelton Petroleum AB: Daily Production Exceeds 1,000 barrels per day For the First Time
Shelton Petroleum’s total oil production in October 2013 amounted to 32,200 barrels, equivalent to 1,039 barrels per day. “For the first time in the history of Shelton Petroleum we are able to announce a monthly report with a production exceeding 1,000 barrels per day. This extremely encouraging milestone is a …