Elster Oil & Gas, a 93% subsidiary of Deutsche Rohstoff AG, returned to its historical producing status with five horizontal wells on the company's Magpie acreage in the Wattenberg Field, DJ Basin entering production yesterday. Elster owns on average 39% of the wells. Extraction Oil & Gas, a Denver based company, operates the wells. The wells were [...]
Almonty Industries announced today that the merger with Woulfe Mining has been completed successfully. At the same time, Almonty concluded a financing of CAD 7.78 million. Within the frame of this financing, Deutsche Rohstoff AG signed a convertible debenture in the amount of CAD 4 million with a period of 2 years and an interest rate of 5%. The [...]
New JORC estimate confirms 1.77 million ore tons at a grade of 1.2% Cu Heidelberg. The Australian company Hammer Metals ("HMX"), in which Deutsche Rohstoff is the largest shareholder, has released a new JORC compliant (2012 edition) resource estimate for its "Overlander" deposit. The new estimate is the sum of indicated and inferred resources for [...]
Deutsche Rohstoff AG: Further Investment in Hammer Metals Deutsche Rohstoff subscribes AUD 650,000 convertible bond/Financing of further exploration activity in Mount Isa region secured. Heidelberg. Australian exploration company Hammer Metals ("HMX"), in which Deutsche Rohstoff holds a share of 17.3%, has successfully raised AUD 1,000,000 to [...]
Almonty Industries, partially owned by Deutsche Rohstoff, announced today that it has entered into an agreement with Woulfe Mining Corp. to combine the two businesses through the acquisition of all outstanding common shares of Woulfe by Almonty. The implementation of the proposed agreement is subject to the approval of the TSX Venture Exchange, the [...]
Deutsche Rohstoff boosts activities in the US Oil and Gas industry New company with former Tekton Energy Team/Strong Performance of existing Cub Creek und Elster Oil & Gas Heidelberg/Denver. Deutsche Rohstoff will further intensify its activities in the US oil and gas market. Jerry Sommer and Earl Norris, founders of Tekton Energy, are part of a [...]
The Australian company Hammer Metals Limited ("HMX"), 17.3% owned by Deutsche Rohstoff, published further results of its current exploration campaign on their license area within the Mount Isa region in Queensland/Australia. The present drilling data reveal an outstanding image for the Overlander-North area. Sections of various drillings show a [...]
Almonty announces investment in Woulfe Mining Corp One of the largest tungsten deposits worldwide/Almonty plans to merge both companies Heidelberg. Almonty Industries, partially owned by Deutsche Rohstoff, today announced that it has invested into Woulfe Mining. Upon closing of the transaction Almonty will hold 8% of the outstanding Woulfe shares [...]
Deutsche Rohstoff Group successfully ended the financial year 2014 with a consolidated annual net profit of EUR 54 million. At the AGM, which will take place on 21 July in Wiesloch, near Heidelberg, the management and the supervisory board will propose to pay a dividend of EUR 0.50 per share. In 2013, Deutsche Rohstoff had first paid a dividend of [...]
Hammer Metals Limited, in which Deutsche Rohstoff holds a 17.3% stake, today announced the first results of the ongoing exploration campaign on it's tenements in the Mount Isa region in Queensland, Australia. Analysis and assay results of the first drillhole of this years campaign, drilled on the Overlander North target, are now available. The [...]
Rhein Petroleum GmbH, in which Deutsche Rohstoff holds a 10% stake, completed its test well in Riedstadt-Goddelau and found oil. At a depth of about 1,700 metres, in the so-called "Pechelbronn Formation", several cubic meters of oil were immidiately produced. Rhein Petroleum carried out an extensive 3D-seismic survey in the region between October [...]
Deutsche Rohstoff: Share in Hammer Metals further increased Drilling program in Mt. Isa commenced Heidelberg. Deutsche Rohstoff AG (DRAG) acquired further 2 million shares of Hammer Metals (in the amount of AUD 150,000) at a share price of 7,5 cent per share from another shareholder. In addition, an option to purchase an additional 2 million shares [...]