AI Terminal
Deutsche Rohstoff AG
Earnings Release • Oct 30, 2017
4514_rns_2017-10-30_3efba1e0-c06e-43c8-84e5-76aa4661a27a.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Corporate | 30 October 2017 08:00
Deutsche Rohstoff AG: Cub Creek Energy reports production results
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
30.10.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
Deutsche Rohstoff: Cub Creek Energy reports production results
Haley pad produces 2,404 barrels of oil equivalent from 7 wells
Mannheim/Denver. Cub Creek Energy (CCE) reported today, that the 7 combined wells drilled on the company’s Haley pad have produced an initial 30-day average rate of 2,404 barrels of oil equivalent per day (boepd). The initial 30-day average oil rates are 1,920 barrels of oil per day (bopd). CCE expects further increases in production rates over the coming weeks as production continues to stabilize. The company completed the 7 wells in the 3rd quarter of 2017 with an average working interest of 78 %.
In addition to the 7-wells drilled at the Haley pad, the company has also drilled 16 wells from its Litzenberger pad. Currently the company is preparing the Litzenberger pad for completion and CCE plans to initiate production for these wells during the first quarter of 2018.
Mannheim, 30 October 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
30.10.2017 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: | Entry Standard (Performance TOP 30) |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
| End of News | DGAP News Service |