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Deutsche Rohstoff AG
Regulatory Filings • Oct 11, 2016
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Corporate | 11 October 2016 08:56
Deutsche Rohstoff AG: Cub Creek drills two additional wells
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
2016-10-11 / 08:56
The issuer is solely responsible for the content of this announcement.
Deutsche Rohstoff AG: Cub Creek drills two additional wells
Wells from Vail-pad will commence flow back soon
Mannheim . Cub Creek Energy (CCE) has started drilling two additional horizontal wells from its Markham pad. Management of Cub Creek and Deutsche Rohstoff decided last week to drill the two wells after they had been permitted at the end of September. CCE has already drilled 10 wells from this pad between end of July and early October.
Preparations for start of flow back from the Vail pad has well advanced in the meantime. All nine wells are completed and already connected to a gas pipeline. In addition, the wells are currently connected to an oil pipeline that runs directly alongside the pad. CCE will save significant amounts longterm by doing so because no costly truck transport will be necessary. CCE’s working interest in these wells is close to 100%. Production will start during October, 2016 as stated before.
Mannheim, 11 October 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
2016-10-11 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.
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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: | [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, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |