Licenses in Russia
Shelton Petroleum's wholly-owned subsidiary Ingeo Holding is the holder of three licenses in the Russian republic of Bashkiria.
The three adjacent licenses form a continuous block of approximately 500 square kilometers. The block is surrounded by several producing oil fields. There is a pipeline that crosses the license area, with a connection point 10 kilometers from the license block border.
The company has conducted a successful exploration program at Rustamovskoye and has begun a development program of the field, which includes drilling production wells and setting infrastructure for oil processing, storing and transportation. Shelton Petroleum has also started exploration works at Aysky and Suyanovskoye with promising results.
Select a subsection on the left-hand side of this page to read more about the licenses.