Shelton Petroleum has collected and analysed 95 kilometers of seismic data on the Suyanovskoye oil field. Three promising structures with estimated recoverable resources of approximately 47 million barrels of oil have been identified. Shelton Petroleum is also conducting a Western independent reserves audit on the producing Rustamovskoye oil field and the results will be published shortly. Shelton Petroleum has commenced an independent reserves audit for the Rustamovskoye oil field in Bashkiria, Russia, from which the company is producing oil following a successful drilling program. As previously announced, the company believes that as a result of the positive drillings, a new assessment will lead to a substantial increase in reserves compared to the last report from 2009. In addition, Shelton Petroleum has conducted a seismic survey on the adjacent Suyanovskoye field. Although the first stage of the seismic program covers only a third of the license area of 300 square kilometers, three promising structures have been identified. In the opinion of the seismic company responsible for the interpretation, the Russian C3 recoverable resources may amount to approximately 47 million barrels of oil on the three structures. In order to confirm these amounts, the company has commenced preparations for additional seismic to tighten the grid in order to delineate the structures and identify future drilling locations. “These positive results open up new opportunities for Shelton Petroleum in Bashkiria. Previous exploration has indicated the presence of hydrocarbons and an active petroleum system and the seismic program now takes us several steps forward as promising structures with significant resources have been identified. Given further success in our exploration efforts, Suyanovskoye may become equally if not more important for Shelton Petroleum than the already producing Rustamovskoye field,” says Robert Karlsson, CEO of Shelton Petroleum. The seismic survey shows multi-layer potential from the Carboniferous and Devonian sandstones, that both could be drilled with a single well. Bashkiria’s leading oil company Bashneft produces from the Carboniferous layers due north of Suyanovskoye and west of Suyanovskoye Shelton Petroleum produces from the Devonian layers on the Rustamovskoye field. 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 OMX Stockholm under the symbol SHEL B. This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.
Successful seismic survey and upcoming reserves update
Top 10 Most Recent News Articles
New CEO at Simpli.fi: Sean McCaffrey Takes Charge
A New Captain at Simpli.fi's Helm In the fast-paced world of digital advertising, Simpli.fi isn't just sitting on the sidelines. They've gone and snagged Sean McCaffrey as their new CEO. Now, for those who remember GSTV's rise to 30,000 locations under McCaffrey, this appointment carries some serious weight. McCaffrey's Track Record: Setting the Pace McCaffrey's no...
Continue Reading
Florida Leaders Set Sights on Top 10 Economy by 2030
Florida's Ambitious Economic Goals When someone floats the idea of a state's economy cracking the top 10 globally by the year 2030, you've got to wonder if it's all sunshine and rainbows, or if there's some serious groundwork being laid. The Florida Chamber Foundation seems to think it's achievable. As the end of October rolls around, they're throwing the 2026 Future of...
Continue Reading
FMC's Holiday Classics Marathon Returns October 25th
Classic Films Ring in the Holidays Again FMC is prepping the screens with something that has folks nostalgic for the golden era of film. This year, starting October 25th, their famous "Silver Bells & Silver Screens" is set to light up the nightly schedule with holiday classics that never fail to remind you of cozy winters by the fire. These aren't just movies—they're...
Continue Reading
Brown Plus Ranks #8 Best Workplace for Women 2026
Cracking the Top Ten: A Noteworthy Feat When it comes to hustling and bustling in the corporate world, Brown Plus managed to snag the spotlight by landing the #8 spot in the 'Best Place to Work for Women 2026.' It's a title they didn't just stumble upon. This recognition in the medium category by the Best Companies Group underscores the fact that Brown Plus is running its...
Continue Reading
STEM Grant Boosts Outdoor Learning in Shelbyville
Supporting Future Leaders in STEM Some news is like finding a hidden gem in your backyard. This one comes from the hushed fields of Shelbyville, Indiana, where Girls Inc. of Shelbyville is making waves with a $25,000 grant from the American Water Charitable Foundation. It's no surprise that Indiana American Water is celebrating this landmark move, given that they're...
Continue Reading
Anita Eno: 2027's Top Trailblazing Businesswoman
Anita Eno's Well-Deserved Recognition You've got to respect a story where someone claws their way up from humble beginnings to a position of serious influence. Anita Eno, Founder and CEO of Prayers Are Answered Inc., is one of those impressive figures, recently bagging the 2027 American Business Woman of the Year title. This accolade, dished out by the American Business...
Continue Reading
NCD Debuts Tool for Medicare Advantage Dental Plans
NCD Takes a Stab at Simplifying Medicare Advantage Dental Plans Alright, let's cut through the clutter and get to what's what. NCD has rolled out a new tool for Medicare Advantage plans, specifically targeting the dental benefits part. This isn't just a fancy gadget, but a real tool built from CMS data to provide some clarity in the chaotic world of health plans. We've...
Continue Reading
Triller's Tangle: Investors Face Massive Stock Drop
A Descent into Legal Quagmire Investor action notices usually scream trouble, and this time it’s Triller Group Inc. (NASDAQ: ILLR) taking the brunt. If you haven’t been under a rock, you’ve heard they’re in a spot of bother, courtesy of a gnarly combination of financial mishaps and misleading statements. It’s a classic case of a company shooting itself in the...
Continue Reading
Saddleback's Bold Doula Program: A Game Changer
Revolutionizing Maternity Support at Saddleback Saddleback Medical Center in Laguna Hills, California, is stirring the waters with its groundbreaking expansion in maternity services. For the first time, an Orange County hospital—The Women’s Hospital at MemorialCare Saddleback Medical Center—is offering complimentary, around-the-clock in-house doulas. Not a luxury,...
Continue Reading
Tripo AI's EdenLive Sparks Major Leap in Real-Time Rendering
Pushing Limits with EdenLive Tripo AI isn't just throwing a new gadget into the sea of tech; they're putting up a lighthouse. EdenLive, their blazing new real-time generative renderer, makes you re-think what on-the-fly animation can do. This ain't your average pixel pusher—it's a shot of adrenaline straight into the heart of interactive experiences. Let's chat Project...
Continue ReadingTop 5 Most Recently Viewed Articles
Uber's Q2 Results Showcase Growth Potential and Analyst Insights
Uber's Strong Second Quarter Performance Uber Technologies Inc. (NYSE: UBER) has made headlines recently as its shares saw a modest rise following the announcement of impressive second-quarter results. This upbeat financial performance indicates that the company is well-positioned for future growth. Analyst Ratings and Insights Several analysts have provided valuable...
Continue Reading
Turkish Market Gains Momentum: BIST 100 Surges Higher
Turkish Stock Market Shows Positive Trend The Turkish stock market recently experienced a notable surge, indicating a positive sentiment among investors. The closing session saw a significant rise in the BIST 100 index, which advanced by 1.11%. This uptick was primarily driven by impressive performances across several key sectors. Key Sectors Driving Growth Gains in...
Continue Reading
Insights on Canada's Insurance Future: AM Best Briefing Overview
AM Best Analyzes Canada's Insurance Market AM Best is set to conduct a vital insurance market briefing focused on the state of Canada's insurance industry at the Sheraton Centre Toronto Hotel. This complimentary half-day event promises informative insights and discussions on crucial trends affecting the insurance landscape. Event Highlights and Market Insights During the...
Continue Reading
Rodeo Dental Gears Up for National Growth Surge
Rodeo Dental's Leadership Shuffle When you're talking about upping the ante in the dental world, you can't ignore the recent shake-up at Rodeo Dental & Orthodontics. They've decided to retool their corner office lineup, and this is where the folks in suits meet the folks with the steady hands in teeth. Co-Founder Dr. Saam Zarrabi is stepping into an Executive Chairman...
Continue Reading
Greater Bay Area Strengthens Trade Ties with Colombia
Enhancing Economic Connections between Two Regions An event focused on bridging two regions across the Pacific Ocean — Colombia and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) — was held in Bogotá. This gathering was primarily aimed at strengthening economic and trade ties between business leaders and government officials from both areas, highlighting the...
Continue Reading