shelton petroleum

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 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’s total oil production in January 2014 amounted to 29,320 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 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 (“Shelton”) today announces an offer to acquire all the outstanding shares in Petrogrand AB (“Petrogrand”), (“the Offer”). Shelton offers 0.30 B shares in Shelton for each share in Petrogrand which is corresponds to a premium of 38.9 % compared to the closing price of yesterday. Summary The …

Shelton Petroleum invests SEK 20 million in scalable oil facilities on the Rustamovskoye field in Russia in order to improve efficiency in the handling of current and expected future oil production. The infrastructure investments will enable a more efficient handling of produced oil from wellhead to point of sale. The …

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 …

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 …

The Board of Directors of Petrogrand and Shelton Petroleum have not been able to solve the dispute regarding the conditions that have to be fulfilled for the conversion of Convertible 2. Petrogrand has today issued a press release stating their continued intent to convert and to let a court of …

Shelton Petroleum has been informed that Petrogrand has requested conversion of Convertible 2. The parties are in disagreement regarding the right to convert. The board of directors of Shelton Petroleum and Petrogrand are now holding constructive talks and believe that a new solution that potentially could create significant value for …