Shelton Petroleum AB will Change its Name to Petrosibir AB

Petrosibir AB is a Sweden-based company with focus on exploration and production of oil in Russia. Petrosibir AB is a parent and holding Company for the group’s operational subsidiaries. The parent Company is responsible for joint Group functions, such as operations and finance.The Company has a diversified portfolio that combines low-cost and low risk production with exploration potential. In addition, the Company holds licenses in the Russian republics of Bashkiria and Komi which are: Rustamovskoye, Aysky, Suyanovskoye, Dinyu-Savinoborskoye, Sosnovskoye and Yuzhno-Tebukskoye license areas. Petrosibir's 2P oil and gas reserves amount to 35 million barrels of oil equivalent.