Shelton Petroleum AB

Shelton Petroleum provides an update on the extraordinary general meeting in Shelton Petroleum and Petrogrand and the operations in Ukraine Extraordinary general meeting in Petrogrand Shelton Petroleum (Shelton) holds approximately 25 per cent of the shares in Petrogrand. Shelton has in a letter, which was delivered to the board of …

The board of Shelton Petroleum AB (publ) (”Shelton”) notes that Petrogrand AB (publ) (“Petrogrand”) on 21 March 2014 at 16.05 announced a public offer to the holders of shares, convertible loans and warrants in Shelton to sell all their shares, convertible loans and warrants in Shelton to Petrogrand for a …

PetrograndAB hereby announces a public cash offer to acquire all shares of series-A (”A-share”) at a price of SEK 18.6 in cash per share, all shares of series-B (”B-share”) at a price of SEK 18.6 in cash per share (jointly referred to as the ”Shares”), all convertible bonds of series …

The Board of Petrogrand AB, as a shareholder with approximately 11,0 percent of the voting rights and approximately 12.3 percent of the capital in Shelton Petroleum AB, has decided to call for an Extraordinary General Meeting in Shelton. Petrogrand’s purpose with the request of Extraordinary General Meeting is for the …

The acceptance period of Shelton Petroleum AB to Petrogrand AB‘s shareholders expired on 12 March 2014. Only 12.4 % of the shareholders had at this point accepted the Offer. Shelton, who had stipulated in the Offer that at least 50 % of Petrogrand’s shareholders should accept the Offer, has nevertheless …

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 …

On 22 January 2014, Shelton Petroleum AB made a public offer to acquire all outstanding shares in Petrogrand AB, offering 0,30 B shares in Shelton for each share in Petrogrand. On 24 February 2014 commented the Board of Petrogrand on Shelton’s offer and recommended Petrogrand’s shareholders not to accept the …

Shelton Petroleum’s total oil production in February 2014 amounted to 26,480 barrels, equivalent to 946 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 …

Shelton Petroleum AB publishes a supplement to the prospectus published on 17 February 2014 in connection with Shelton’s public offer to the shareholders of Petrogrand AB.  The supplement to the prospectus has been approved and registered by the Swedish Financial Supervisory Authority. The Supplement has been prepared in connection with: …

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 …