AI Terminal
Deutsche Rohstoff AG
Earnings Release • Dec 7, 2021
4514_rns_2021-12-07_a1fc8514-264e-4c90-8e14-83f1a61ee727.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Corporate | 7 December 2021 14:10
Deutsche Rohstoff AG: Bright Rock Announces Strong Results from its Buster Well in Wyoming
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
07.12.2021 / 14:10
The issuer is solely responsible for the content of this announcement.
**Deutsche Rohstoff AG: Bright Rock Announces Strong Results from its Buster Well in Wyoming
864 barrels of oil in first full month of production/Declining drilling costs**
Mannheim/Denver . Bright Rock Energy today announced production results from its new oil and gas well in Converse County, Wyoming. The Buster well was drilled horizontally into the Niobrara formation. The well showed strong results in its first full month of production, averaging 864 barrels of oil (bopd) per day in November. This production result is higher than that of neighboring wells and meets expectations.
Results to date indicate that well production in Bright Rock’s core 20,000 acre land position is repeatable and therefore predictable. There were no significant technical issues during drilling and completion. Costs are expected to be within the estimate and are substantially less than the cost of drilling conducted on the land prior to Bright Rock’s acquisition.
Mannheim, 7 December 2021
Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten complete the portfolio. Further information can be found at www.rohstoff.de
Contact
Deutsche Rohstoff AG
Dr. Thomas Gutschlag, CEO
Phone +49 621 490 817 0
07.12.2021 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 |
| EQS News ID: | 1254828 |
| End of News | DGAP News Service |