30.04.2018
Deutsche Rohstoff AG DE000A0XYG76
DGAP-News: Deutsche Rohstoff AG: Elster releases results from initial production
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Elster releases results from initial production
30.04.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Deutsche Rohstoff: Elster releases results from initial production
Mannheim/Denver. Elster Oil & Gas (Elster) published today the production
results for new wells which were drilled from mulitiple pads and commenced
production in February and March. Elster's average working interest in these
wells are approximately 35%. During the first 30 days of stable production
Elster reached total net production of 7.493 barrels of oil equivalent per
day (6.055 barrels of oil per day). The production comes from 25 wells with
1,5, 2 and 2,5-mile lateral lengths. Elster's production has not been hedged
yet.
Cub Creek Energy (CCE), another US-subsidiary of Deutsche Rohstoff, had
reported a few days ago that it started with the production of 16 additional
horizontal wells. CCE owns an 86% working interest in these wells. The
results of the first 30 days of stable production will be published by
Deutsche Rohstoff in June.
Mannheim, 30 April 2017
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. +49 621 490 817 0
[email protected]
---------------------------------------------------------------------------
30.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Deutsche Rohstoff AG
Q7, 24
68161 Mannheim
Germany
Phone: 0621 490 817 0
Fax: 0621 490 817 22
E-mail: [email protected]
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
680659 30.04.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Deutsche Rohstoff AG ISIN: DE000A0XYG76 können Sie bei EQS abrufen
Rohstoffe , A0XYG7 , DR0 , XETR:DR0