Deutsche Rohstoff AG: Successful first Capital Markets Day Mannheim. Deutsche Rohstoff AG opened the doors to its first Capital Markets Day on 4 November. Around 150 interested parties had registered for the event in advance. In dialogue with investors and representatives of the financial and business media, CEO Thomas Gutschlag gave an update on [...]
The shares of Ceritech AG, in which Deutsche Rohstoff AG holds a 73.45% stake, can be traded on the General Open Market of the Düsseldorf Stock Exchange from 5 November 2021. The company currently has no operating business. It is planned to seek high-growth assets for the Company. To this end, Ceritech's Management Board and Supervisory Board will [...]
Bright Rock Energy has begun producing oil and gas from its first well on its last year acquired acreage in the state of Wyoming. Production started slightly earlier than originally planned. The well was completed without any problems and on budget. The results will provide important insights for the development of the very extensive acreage held [...]
The Management Board of Deutsche Rohstoff AG invites you to the virtual Capital Markets Day on 4 November 2021 from 10.00 am to 12.00 pm and looks forward to the dialogue with capital market participants. The main topics will be: What is Deutsche Rohstoff AG's roadmap, how are the projects in the USA developing? When is an oil well called [...]
Cub Creek Energy has completed the purchase of approximately 30,000 net acres in Wyoming, USA. In addition to the acreage, the purchase agreement includes interests in 17 producing wells with net daily production of approximately 804 barrels of oil equivalent as of August 2021. Cub Creek had signed a purchase agreement in early September and the [...]
The Deutsche Rohstoff Group remains on course for growth. By 30 September 2021, revenues increased by almost 65% year-on-year to EUR 53.2 million and EBITDA increased by 140% to EUR 52.1 million. Consolidated net income after nine months amounted to EUR 21.4 million. The Management Board continues to expect that the upper range of sales and EBITDA [...]
Cub Creek Energy has signed a purchase agreement covering approximately 30,000 net leasehold acres located in Wyoming/USA. In addition to the acres, the purchase agreement includes working interest in 17 producing wells with approximately 804 BOE of net daily production . Cub Creek will carry out the usual due diligence of the properties in the [...]
Drilling and development activity on Bright Rock Energy's Utah acreage will significantly accelerate over the course of 2021. In the second half of 2021 Bright Rock will in total invest 15.6 million USD in drilling and development capital. In total, the company will therefore invest 18 million in 2021 across 32 wells with an average working [...]
Bright Rock Energy will shortly commence drilling of its first well on its Powder River basin acreage that was acquired last year. The Buster Federal well is located 27 km north of the town of Douglas, Wyoming. It will be a two-mile horizontal well targeting the Niobrara formation which has proven to have prolific production in the area. After [...]
According to the final, unaudited half-year figures, Deutsche Rohstoff Group generated sales of EUR 38.8 million, EBITDA of EUR 39.9 million and consolidated net income of EUR 17.5 million in the first half of the year. Operating cash flow from oil production in the US and income from the investment portfolio was EUR 36.8 million. Sales were EUR [...]
Almonty trades on the Australian Stock Exchange ASX as of today and secures additional financing Mannheim. Almonty Industries has commenced an additional listing on the Australian Stock Exchange ASX. The share will be traded there from today, Monday. In connection with the listing, Almonty successfully completed a capital increase in the amount of [...]
Deutsche Rohstoff AG will repay the maturing 2016/21 bond on schedule today. The outstanding bond volume amounts to EUR 16.7 million. A further EUR 50.0 million had been repaid in 2019 and 2020 or swapped into the 2019/24 bond. This is already the second bond that Deutsche Rohstoff is repaying in full. The debt of the Deutsche Rohstoff Group [...]