Deutsche Rohstoff AG: Update on US oil & gas activities Daily production of ca. 14.800 BOEPD in first half 2024 Strong initial production of new wells in Oxy development partnership Three wells at Bright Rock start production Overall very positive results from wells in Wyoming The oil and gas business of the Deutsche Rohstoff Group continued to [...]
Deutsche Rohstoff AG: First quarter revenue up 30% to EUR 55.6 million EUR 41.7 million EBITDA in the first 3 months EUR 15.0 million consolidated net profit Equity exceeds EUR 200 million for the first time Equity ratio rises to 41.2% 14,911 BOEPD daily production underlines strong operating performance Revenue and EBITDA guidance for 2024 [...]
Invitation to the Conference Call on the 2023 Annual Report for investors, analysts and media Deutsche Rohstoff AG will release its Annual Report for the year ending 31 December 2023 on Tuesday, 23 April 23 2024. We invite investors, analysts, and other interested parties to join our Conference Call on Wednesday, 24 April 2024, from 10:00 a.m. to [...]
Sales in 2023 at EUR 196.6 million, 19% above previous year EBITDA 2023 at EUR 158.2 million, 14% above previous year Consolidated net profit after minority interests rises to EUR 65.1 million Earnings per share increase by 7% to EUR 13.01 Q4 2023: strongest quarter in the Group's history to date with sales of EUR 64.0 million and EBITDA of EUR [...]
Operational update: Record production in 2023 and promising start in 2024 Production in 2023 above the forecast range at around 12,700 BOEPD Q4 marks the strongest quarter in history with 15,300 BOEPD Production in the first 2 months of the year around 20% above plan at approx. 15,500 BOEPD Revenues and EBITDA still expected to be in line with [...]
Reserve report 2024: Value of oil and gas reserves increases despite record production in the previous year and sale of Utah assets • Producing reserves increase by 28% • USD 386 million present value of proved reserves • USD 687 million future net cash flow from proved reserves Deutsche Rohstoff AG today published the results of its [...]
Deutsche Rohstoff AG announced the successful closing of the divestment of all Utah assets by its 100% subsidiary Salt Creek Oil & Gas. The sale has led to a cash inflow of approximately EUR 44 million. Salt Creek Oil & Gas was advised by Ten Oaks Energy Advisors. The assets in Utah were acquired by Deutsche Rohstoff's portfolio company Bright Rock [...]
Deutsche Rohstoff contributes Australian lithium exploration projects to listed entity Deutsche Rohstoff holds 70% in joint venture with SensOre Australia listed SensOre is rebranded as Premier1 Lithium 70% stake in joint venture to be acquired by Premier1 Lithium Deutsche Rohstoff to receive 19.9% and 26 million options in Premier1 Lithium [...]
Deutsche Rohstoff AG announces significant progress in Prime Lithium AG's recent developments. Prime Lithium is a 88% subsidiary of Deutsche Rohstoff. Deutsche Rohstoff founded Prime Lithium AG in 2021 to position itself in the rapidly growing battery value chain in Germany. During the past two years, a Deutsche Rohstoff team has been working with [...]
Deutsche Rohstoff AG provides an update on the development in Wyoming. With the acquisition of approximately 70,000 acres of leases in 2020 and 2021 and the joint venture with Oxy, the operational focus has shifted from the fully developed acreage in Colorado to Wyoming since early 2022. In the last 14 months, 28 wells have started production, 23 [...]
Deutsche Rohstoff AG together with its Australian partner SensOre and the joint subsidiary Exploration Ventures AI Pty Ltd, has secured four additional licenses in the state of Western Australia. The portfolio now comprises a total of seven projects. SensOre and Deutsche Rohstoff AG founded the joint venture on a 30:70 basis in the beginning of [...]