Shelton Petroleum's total oil production in September 2014 amounted to 24,890 barrels, equivalent to 830 barrels per day.

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

Sep

2014

Sep

2013

Jan-Sep

2014

Jan-Sep

2013

Jan-Dec

2013

Jan-Dec

2012

Lelyaki

9,270

  10,940

95,041

93,005

  126,565

119,950

Rustamovskoye

  15,620

11,340

150,496

63,805

 122,305

  57,900

Total barrels

24,890

22,280

245,537

156,810

248,870

177,850

Lelyaki

309

     365

348

341

       347

328

Rustamovskoye

521

378

551

234

 335

158

Total barrels per day

830

    743

899

574

       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 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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