About Shelton Petroleum

• Oil and gas exploration and production company with operations in Russia and Ukraine

• Producing oil in Russia following a successful exploration program

• Currently implementing a multi-well development drilling program in Russia

• Promising results from exploration activities

• Cost-effective production and large resource potential in Ukraine

• Significant management ownership

• Holds a substantial equity stake in Baltic Oil Terminals

• Listed on the regulated market NGM Stock Exchange

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Interim report for Q4 2011 - Interview with CEO Robert Karlsson
"Reduced tax on oil production" 

Interview with Robert Karlsson covering the financial progress in Q4 2011, the development program for the Rustamovskoye and Lelyaki oil fields, the recently implemented reductions of taxes on oil production in Russia and Ukraine, steps taken in the exploration program and milestones for the company in 2012

The interview with CEO Robert Karlsson was recorded on 27 February and is in Swedish