Deutsche Rohstoff AG

M&A Activity • Dec 30, 2016

News Details

Ad-hoc | 30 December 2016 22:09

Deutsche Rohstoff AG: Elster Oil & Gas reports asset sale

Deutsche Rohstoff AG / Key word(s): Disposal

30-Dec-2016 / 22:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Deutsche Rohstoff: Elster Oil & Gas reports asset sale

Mannheim. Elster Oil & Gas (EOG), a 93% subsidiary of Deutsche Rohstoff,
sold its royalties over different wells close to the township of Windsor
for $ 1.56 million. The royalties were originally part of the portfolio of
former Tekton Energy. In addition to the sales price, EOG received over $
400.000 in revenue from July to November production. As EOG has activated
no value for these royalties, the sales price will be fully booked as
profit.

Mannheim, 30 December 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
info@rohstoff.de

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 Language:    English
 Company:     Deutsche Rohstoff AG
              N1, 1 (Stadthaus), 3. Etage
              68161 Mannheim
              Germany
 Phone:       06221-87100-11
 Fax:         06221-87100-22
 E-mail:      gutschlag@rohstoff.de
 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



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