Shelton Petroleum's total oil production in March 2014 amounted to 28,960 barrels, equivalent to 934 barrels per day.

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

Mar

2014

Feb

2013

Jan-Mar

2014

Jan-Mar

2013

Jan-Dec

2013

Jan-Dec

2012

Lelyaki

11,260

  10,840

33,260

29,095

  126,565

119,950

Rustamovskoye

  17,700

6,040

51,500

17,655

 122,305

  57,900

Total barrels

28,960

16,880

84,760

46,750

248,870

177,850

Lelyaki

363

     350

370

323

       347

328

Rustamovskoye

571

 195

572

196

 335

158

Total barrels per day

934

     545

942

519

       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 the resource-rich basins of 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.

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