Deutsche Rohstoff AG / Key word(s): Miscellaneous 31.08.2016 10:08 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche Rohstoff: Elster Oil & Gas publishes production data from six additional horizontal wells 2.700 Barrel Oil Equivalent per day during first month of production Heidelberg/Denver. Elster Oil & Gas, a 93% subsidiary of Deutsche Rohstoff, announced the production rates from 6 new horizontal wells that commenced production end of July. All wells combined produced an average of 2.700 barrel oil equivalent (boe) per day during the first 30 days of production (IP 30). Elster's working interest averages at 50%, equivalent to 1.350 net BOE per day. Production rates of the new wells are generally in line with expectations with oil production being above expectations. The new wells are all Niobrara wells whereas four of the first five wells drilled in 2015 were Codell wells. Typically, wells from both formations roughly produce the same amount of oil and gas over the lifetime of the well. However, Codell wells in this part of the field tend to produce very strong rates at the beginning with steeper declines after the first months of production. Thomas Gutschlag, CEO of Deutsche Rohstoff, said:"The initial production results are very positive. The wells deliver constant rates in line with expectations or better. The second set of wells drilled since 2015 do again confirm the excellent predictability of the development in Colorado." Elster will receive income from mineral rights (royalties) for the first time over the coming months. These royalties belong to Elster's 100% subsidiary Diamond Valley LLC, where the lease owner has recently drilled nine horizontal wells. These wells commenced production in July. As a mineral owner, Elster did not have to finance the drilling nor does it have to fund the ongoing operations. Heidelberg, 31 August 2016 Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de. Contact: Deutsche Rohstoff AG Thomas Gutschlag Tel. +49 6221 871 000 [email protected] 31.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Rohstoff AG Friedrich-Ebert-Anlage 24 69117 Heidelberg Germany Phone: 06221-87100-11 Fax: 06221-87100-22 E-mail: [email protected] Internet: www.rohstoff.de ISIN: DE000A0XYG76, DE000A1R07G4, WKN: A0XYG7, A1R07G Indices: Entry Standard (Performance TOP 30) Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------