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: Produces 23,300 Barrels in April
Shelton Petroleum’s total oil production in April 2015 amounted to 23,300 barrels, equivalent to 777 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: Analyzes New Suyanovskoye Seismic Data
Shelton Petroleum has recently collected an additional 142 kilometres of seismic data to further delineate the three promising structures on the Suyanovskoye oil field. The objective is to identify future drilling locations. Results from the study will be announced to the markets later this year. During 2014, Shelton Petroleum conducted …
Shelton Petroleum: February Production Report
Shelton Petroleum’s total oil production in February 2015 amounted to 23,610 barrels, equivalent to 843 barrels per day. The table below summarizes the production broken down by oil field. Feb 2015 Feb 2014 Jan-Feb 2015 Jan-Feb 2014 2014 2013 2012 Lelyaki 9,840 10,480 20,150 22,000 …
Shelton Petroleum: 2014 Year Review
Production during 2014 reached 880 barrels per day, which is an increase of 29 per cent compared to the previous year. The operating result in 2014, excluding one-off items in the second and third quarters, amounted to SEK 28 million, equivalent to an operating margin of 25 per cent. In …
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 …
Petrogrand and Shelton Petroleum Fail to Solve Cross Company Ownership
An Extraordinary General Meeting of the shareholders in Petrogrand was held earlier today. The EGM was convened by the Board of Directors of Petrogrand for purposes of resolving on a proposed agreement with Shelton Petroleum AB to dissolve the cross-ownership between the companies. Despite the news that an Extraordinary General Meeting …
Shelton Petroleum: Workovers Dip Rustamovskoye Production Numbers
Shelton Petroleum’s total oil production in December 2014 amounted to 25,000 barrels, equivalent to 806 barrels per day. The table below summarizes the production broken down by oil field. Dec 2014 Dec 2013 Jan-Dec 2014 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 10,410 11,480 125,141 126,565 119,950 Rustamovskoye 14,590 18,320 196,236 122,305 …
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 …