Shelton Petroleum AB: Comment to Petrogrand’s request to convert Convertible 2
Petrogrand AB has requested the conversion of Convertible Debenture 2 of 185,249,280 SEK to 9,262,464 new B-shares in Shelton Petroleum. Since the conditions agreed by the parties in July 2013 have not been fulfilled, Petrogrand’s request for conversion is a breach of contract. As both Shelton Petroleum and Petrogrand have …
Shelton Petroleum AB: Change in Number of Shares and Votes
Convertibles amounting to SEK 360 thousand in the program KV 2012/2013 have been converted at a price of SEK 16. As previously announced holders of the remaining convertibles in this program, SEK 22,410 thousand, have chosen to exchange their convertibles to a new convertible with unchanged conditions and maturity 30 …
Shelton Petroleum AB: Interim report January-September 2013
Successful drillings and record production increase operating margin to 32% July – September 2013 ° Revenue during the quarter: SEK 26 (24) million ° Operating result during the quarter: SEK 8 (5) million ° Operating margin 32% (22%) ° Basic earnings per share: SEK 0.53 (0.32) ° Diluted earnings per …
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 …
Shelton Petroleum AB: Change in Number of Shares and Votes
In October 2013 the number of B shares in Shelton Petroleum AB changed. At the request of Petrogrand AB, Convertible 1 in the amount of SEK 30,000,000 has been converted into B-shares. The conversion price was SEK 20 per share. A total amount of 1,500,000 B shares has been issued …
Shelton Petroleum AB: Outcome of Exchange of Convertible Bond 2012/2013
As previously announced the Extraordinary General Meeting of Shelton Petroleum on 22 August 2013 has resolved to offer the holders of convertible bond 2012/2013, originally issued in 2009 and maturing on 31 December 2013, to exchange the bond in the amount of SEK 22,770 thousand with a new bond by …
Shelton Petroleum: Produces 743 Barrels Per Day in September
Shelton Petroleum’s total oil production in September 2013 amounted to 22,280 barrels, equivalent to 743 barrels per day. The company recently announced the results from the fracking of well #1 and #11 as well as the test of the new well #12 on the Rustamovskoye field. The work on these …
Shelton Petroleum: Record Flow Rate From New Well in Russia
The fourth well on the Rustamovskoye oil field in Russia has been taken into production with an initial flow rate exceeding 300 barrels per day, which is significantly higher than the field’s previous wells. Shelton Petroleum’s Russian and Ukrainian operations have now jointly reached a total production of approximately 1,000 …
Shelton Petroleum AB: Successful Fracing Program Increases Well Productivity in Russia
Shelton Petroleum has recently completed a series of activities designed to increase oil production at the Rustamovskoye oil field in Russia. A two well fracking program has substantially increased well productivity. In addition, the drilling of the field’s fourth well has been completed and oil was encountered at target depth. …
Shelton Petroleum: Numbers Dip Due to Frac Program
Shelton Petroleum’s total oil production in August 2013 amounted to 16,190 barrels, equivalent to 522 barrels per day. The previously announced fracking program of well RS#1 and the new well #11 on the Rustamovskoye oil field in Russia was commenced in August. During fracking, the wells are taken out of …