Shelton Petroleum's total oil production in August 2014 amounted to 26,500 barrels, equivalent to 855 barrels per day.

The table below summarizes the production broken down by oil field.

Aug

2014

Aug

2013

Jan-Aug

2014

Jan-Aug

2013

Jan-Dec

2013

Jan-Dec

2012

Lelyaki

10,070

  10,460

85,771

82,065

  126,565

119,950

Rustamovskoye

  16,430

5,730

134,876

52,465

 122,305

  57,900

Total barrels

26,500

16,190

220,647

134,530

248,870

177,850

Lelyaki

325

     337

353

338

       347

328

Rustamovskoye

530

185

555

216

 335

158

Total barrels per day

855

     522

908

554

       682

486

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 owned subsidiary Zhoda 2001 Corporation. Ukrnafta, Ukraine's largest oil and gas company, owns the remaining 55%. The production data in the table above represents Shelton Petroleum's working interest.

For more information, please contact:

Robert Karlsson, CEO, Shelton Petroleum, +46 709 565 141

robert.karlsson@sheltonpetroleum.com

www.sheltonpetroleum.com

About Shelton Petroleum

Shelton Petroleum is a Swedish company focused on exploring and developing concessions in Russia and Ukraine. In Russia, the company holds three licenses in the Volga-Urals area in Bashkiria and has commenced production on the Rustamovskoye field after a successful exploration program. In Ukraine, Shelton Petroleum's wholly owned subsidiary has a joint venture with Ukrnafta and Chornomornaftogaz, two leading Ukrainian oil and gas companies. The Shelton Petroleum share is traded on NASDAQ OMX Stockholm under the symbol SHEL B.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

distributed by