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Shelton Petroleum AB: Information regarding shareholdingIf you can stomach the risk of Russian and Ukrainian reserves, Shelton is one of the cheapest plays on the planet in terms of reserve value and little to no debt. This dude apparently agrees with me. Wiggling Shelton Petroleum AB: Information regarding shareholding(SHEL B)Shelton Petroleum is pleased to be able to announce the identity of a major shareholder following a statement by Mr Alexander Ulanovsky. As the sole beneficial owner, he controls Appointed Board LTD, which holds 593,750 A shares, corresponding to 3.2% of the capital and 23.3% of the votes in Shelton Petroleum. Mr Ulanovsky is a businessman with interests in Russia and Germany. He has a background in investing in, managing and operating assets mainly within oil field services and the transportation sector. Mr Ulanovsky has stated that neither Appointed Board LTD nor himself has any formal or informal interests in Petrogrand. Mr Ulanovsky views his shareholding in Shelton Petroleum as a promising investment with significant potential. He is supportive of Shelton Petroleum's strategy of value creation through further consolidation and portfolio optimization.
For more information, please contact: Robert Karlsson, CEO, Shelton Petroleum, tel +46 709 565 141 robert.karlsson@sheltonpetroleum.com www.sheltonpetroleum.com |
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