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Deutsche Rohstoff AG
Regulatory Filings • Apr 30, 2018
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Corporate | 30 April 2018 07:30
Deutsche Rohstoff AG: Elster releases results from initial production
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
30.04.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
Deutsche Rohstoff: Elster releases results from initial production
Mannheim/Denver. Elster Oil & Gas (Elster) published today the production results for new wells which were drilled from mulitiple pads and commenced production in February and March. Elster’s average working interest in these wells are approximately 35%. During the first 30 days of stable production Elster reached total net production of 7.493 barrels of oil equivalent per day (6.055 barrels of oil per day). The production comes from 25 wells with 1,5, 2 and 2,5-mile lateral lengths. Elster’s production has not been hedged yet.
Cub Creek Energy (CCE), another US-subsidiary of Deutsche Rohstoff, had reported a few days ago that it started with the production of 16 additional horizontal wells. CCE owns an 86% working interest in these wells. The results of the first 30 days of stable production will be published by Deutsche Rohstoff in June.
Mannheim, 30 April 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
30.04.2018 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 |
| 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 |
| End of News | DGAP News Service |