Deutsche Rohstoff AG: Ceritech's Rare Earth Gypsum Project receives governmental funding in the amount of EUR 1.2 million Mannheim/Leipzig. A project consortium led by Ceritech AG received a funding in the amount of EUR 1.2 million from the German Federal Ministry of Education and Research within the governmental funding measure "CLIENT II [...]
Deutsche Rohstoff: Group benefits from US tax reform New production data for Cub Creek Energy's pads Mannheim/Denver. The US corporate tax reform will have a positive impact on Deutsche Rohstoff and its subsidiaries in the US. The reduction of the tax rate from 35% to 21% will result in an additional earnings related to the reduction of deferred [...]
Deutsche Rohstoff: Salt Creek boosts production in October by 61% Net production jumps over 1,000 barrels of oil equivalent per day Mannheim/Denver. Salt Creek Oil & Gas, a 90% subsidiary of Deutsche Rohstoff AG, increased its net production during October 2017 to 1,053 barrels of oil equivalent per day . Average production in the first nine months [...]
The Joint Venture of Tin International AG and Lithium Australia has commenced a diamond drilling program at the Sadisdorf project. Lithium Australia, a Perth-based company, has the right to earn up to 50% of the project by spending a total of EUR 2 million on exploration. The 460 m program consists of two holes and aims to provide additional [...]
The Joint Venture of Tin International AG and Lithium Australia reports today, that a maiden lithium Mineral Resource estimate has been completed for the Sadisdorf tin-lithium project, located in Saxony, Germany. The project is managed through Lithium Australia, a Perth-based lithium explorer and processing technology developer, who can earn up to [...]
Deutsche Rohstoffhas placed further bonds with a total volume of approximately EUR 8 million to institutional investors. A total of EUR 67 million out of EUR 75 million that were initially projected are now issued. ICF BANK AG supported Deutsche Rohstoff with the placement. The company intends to use the proceeds for further oil and gas wells in [...]
Cub Creek Energy (CCE) reported today, that the 7 combined wells drilled on the company's Haley pad have produced an initial 30-day average rate of 2,404 barrels of oil equivalent per day (boepd). The initial 30-day average oil rates are 1,920 barrels of oil per day (bopd). CCE expects further increases in production rates over the coming weeks as [...]
Deutsche Rohstoff AG: Half Year results meet expectations Half-year report online/Strong increase in producing wells Mannheim. In the first half of the year, Deutsche Rohstoff Group generated group sales in the amount of EUR 32.1 million and earnings before depreciation, interest and taxes (EBITDA) of EUR 23.5 million (all figures according to [...]
Cub Creek Energy has started producing oil and gas from its Haley Pad. Seven horizontal wells were drilled in April and May and completed from July to September. Cub Creek's working interest in these wells is 78 %. The company will report the results of the first 30 days of production in the second half of October. Drilling of 16 horizontal well at [...]
Deutsche Rohstoff: Preliminary half-year figures released Over 1 million barrels of oil equivalent/EUR 23.5 million EBITDA Mannheim. Deutsche Rohstoff Group generated sales of EUR 32.1 million in the first half-year of 2017 (second quarter: EUR 11.2 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR [...]
Almonty Industries announced today that it has entered into a subscription agreement for USD 5 million (CAD 6.325 million) at a price of CAD 0.30 per share. Only subscriber will be the CEO of the company, Mr Lewis Black. He will receive approximately 21 million shares, which equals to 13.4 % of the share capital. The subscription price includes a [...]
Deutsche Rohstoff: Elster Oil & Gas participates in large scale drilling program Tax refund received/Placement of additional bonds Mannheim. Elster Oil & Gas, a 93% subsidiary of Deutsche Rohstoff, will participate in additional horizontal wells in the so-called Magpie area. The operator of the area gave notice that 20 wells will be drilled from [...]
