Deutsche Rohstoff AG

Regulatory Filings • Dec 16, 2016

News Details

Ad-hoc | 16 December 2016 12:31

Deutsche Rohstoff AG: Cub Creek publishes initial production data from new wells

Deutsche Rohstoff AG / Key word(s): Miscellaneous

16-Dec-2016 / 12:31 CET/CEST
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The issuer is solely responsible for the content of this announcement.

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Deutsche Rohstoff: Cub Creek publishes initial production data from new
wells
3.578 BoE/No full production yet

Mannheim. Cub Creek Energy (CCE), an 80% subsidiary of Deutsche Rohstoff
AG, has produced an average of 3,578 BOE per day from its nine wells on the
Vail pad since 28 November 2016, after initial well clean up was completed
on all wells. When considering this production stream, 3,077 BOE average
daily production come from oil with the remainder being natural gas and
condensates. Oil production is slightly above expectations.

Actual production capacities are expected to be higher than current levels.
Higher than anticipated line pressures are currently restricting production
to the realized levels. Individual well performance tests indicate that
higher production performance and corresponding reserve expectations can be
realized at lower line pressures. The current level of pad production is
expected to remain flat for the next few months if the current high line
pressure restriction persists.

Bob Gardner, CEO of Cub Creek Energy, said: "We are pleased with the
initial production of the Vail wells. Despite high line pressure
restrictions, these wells are producing according to our expectations.
These wells at the Vail pad can exceed our investment goals."

Mannheim, 16 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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