Shelton Petroleum's total oil production in May 2015 amounted to 23,320 barrels, equivalent to 752 barrels per day.

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

May

2015

May

2014

Jan-May

2015

Jan-May

2014

2014

2013

2012

Lelyaki

9,290

11,060

49,470

55,100

125,141

126,565

119,950

Rustamovskoye

14,030

17,120

68,910

85,670

196,236

122,305

57,900

Total barrels

23,320

28,180

118,380

140,770

321,377

248,870

177,850

Lelyaki

300

357

328

365

343

347

328

Rustamovskoye

453

552

456

567

538

335

158

Total barrels per day

752

909

784

932

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 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. Shelton Petroleum oil and gas 2P reserves amount to 34 million barrels. The company's 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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