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
125,141
126,565
119,950
Rustamovskoye
13,770
16,000
26,330
33,800
196,236
122,305
57,900
Total barrels
23,610
26,480
46,480
55,800
321,377
248,870
177,850
Lelyaki
351
374
342
373
343
347
328
Rustamovskoye
492
571
446
573
538
335
158
Total barrels per day
843
946
788
946
880
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. The Shelton Petroleum share is traded on Nasdaq Stockholm under the symbol SHEL B.

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

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