Shelton Petroleum AB (publ) reported consolidated and parent earnings results for the third quarter and nine months ended September 30, 2015 and consolidated production results for the third quarter and nine months ended September 30, 2015. For the quarter, on consolidated basis, the company reported net revenue of SEK 7,226,000 compared to SEK 12,006,000 a year ago. Operating result was SEK 647,000 compared to SEK 2,399,000 a year ago. Loss before tax was SEK 48,061,000 compared to profit before tax of SEK 2,156,000 a year ago. Loss for the period was SEK 48,055,000 or SEK 2.58 per diluted share compared to profit for the period of SEK 2,166,000 or SEK 0.12 per diluted share a year ago. Cash outflow from operating activities was SEK 2,230,000 compared to net cash flow from operating activities of SEK 1,405,000 a year ago.

For the nine months, on consolidated basis, the company reported net revenue of SEK 22,517,000 compared to SEK 35,812,000 a year ago. Operating result was SEK 527,000 compared to SEK 2,220,000 a year ago. Loss before tax was SEK 48,131,000 compared to profit before tax of SEK 1,933,000 a year ago. Loss for the period was SEK 48,113,000 or SEK 2.58 per diluted share compared to profit for the period of SEK 1,768,000 or SEK 0.11 per diluted share a year ago. Cash outflow from operating activities was SEK 3,812,000 compared to cash flow from operating activities of SEK 7,808,000 a year ago.

For the quarter, on parent basis, the company reported net revenue of SEK 49,000 compared to SEK 193,000 a year ago. Operating loss was SEK 1,815,000 compared to SEK 2,387,000 a year ago. Loss before tax was SEK 79,098,000 compared to SEK 3,119,000 a year ago. Loss for the period was SEK 79,098,000 compared to SEK 3,119,000 a year ago.

For the nine months, on parent basis, the company reported net revenue of SEK 319,000 compared to SEK 501,000 a year ago. Operating loss was SEK 5,876,000 compared to SEK 13,411,000 a year ago. Loss before tax was SEK 78,108,000 compared to SEK 26,931,000 a year ago. Loss for the period was SEK 78,108,000 compared to SEK 26,872,000 a year ago.

For the quarter, the company reported oil production of 69,780 barrels or 758 barrels per day against 79,100 barrels or 860 barrels per day a year ago.

For the nine months, the company reported oil production of 210,410 barrels or 771 barrels per day against 245,537 barrels or 899 barrels per day a year ago.

The company reported impairment charges of SEK 42,635,000 for the third quarter of 2015 against SEK 6,993,000 a year ago.