Deutsche Rohstoff AG

Deutsche Rohstoff AG has added another well-known address to its circle of analysts: AlsterResearch. The initial coverage was published today in English with a recommendation to buy and a target price of EUR 47.10 for the share. In total, there are now three assessments of the Deutsche Rohstoff AG share, which are freely available on the company's [...]

Deutsche Rohstoff Group generated earnings of EUR 14.6 million in the first quarter of 2023, corresponding to EUR 2.86 per share. The start into the new year was very successful with the following highlights: Revenue of EUR 42.7 million, more than 50% higher than in the previous year EBITDA at EUR 32.3 million also significantly above previous year [...]

1876 Resources signed a purchase and sale agreement and simultaneously closed on the acquisition of existing gas gathering pipeline infrastructure on its Powder River Basin acreage in Wyoming. Under the purchase agreement, approximately 59.3 kilometers of pipeline and surface tanks and equipment will be acquired. The pipeline connects all of 1876 [...]

Deutsche Rohstoff AG provides an overview of the highlights of its operating performance in the first quarter of 2023: Production in Q1 around 7% above expectations. On track for 2023 to produce well above 10,000 BOEPD Knight production in Q1 approximately 15% above reserve estimate Utah production in Q1 was approximately 30% above reserve [...]

For the full year 2022, Deutsche Rohstoff Group generated revenue of EUR 165.4 million, earnings before interest, taxes, depreciation and amortization of EUR 139.1 million and net income of EUR 66.2 million or EUR 13.22 per share. Revenue and EBITDA are thus within the increased guidance range published in December. Overall, the guidance was [...]

Deutsche Rohstoff AG provided an overview of the operational development in 2022 and the outlook for 2023. In line with the forecast, 2022 was a record year for Deutsche Rohstoff in terms of sales and earnings. At the same time, the production base also reached a new level and represents an optimal basis for the coming years. Some highlights of the [...]

Deutsche Rohstoff AG announced, that the outstanding convertible bond will be repaid on schedule at the end of March. On Wednesday, 8 February 2023, the official conversion period for the bond expired. Over the past 12 months, bondholders have exercised the right to convert with a volume of EUR 0.89 million. Thus, 31,964 new shares have been [...]

Deutsche Rohstoff AG today published the value of oil and gas reserves in its US subsidiaries as of 31 December 2022: Present value of proved reserves of USD 352 million Future net cash flow of proved reserves USD 650 million Proved Developed Producing net present value of USD 246 million Future cash flow from PDP wells USD 351 million 35.7 million [...]

Deutsche Rohstoff AG and its Australian partner SensOre have established the Australian subsidiary Exploration Ventures AI Pty Ltd . The company is focused on the exploration of lithium in Western Australia. Deutsche Rohstoff AG will hold a 70% share in the company. Since formation, EXAI has already secured three early-stage exploration projects [...]

Deutsche Rohstoff AG's oil and gas activities continue to develop very positively. For the full year, production will be around 9,600 BOEPD, the strongest production year to date with the highest sales and EBITDA since the company was founded. The forecast for 2022 was already increased for the third time at the beginning of December due to the [...]