Bright Rock Energy has signed a purchase and sales agreement for acreage in the Powder River Basin in Wyoming. The acreage is approximately 9,500 acres . As usual, due diligence on the asset will take place in the coming weeks. The transaction is scheduled to close mid-March. The parties have agreed not to disclose the purchase price. To date [...]
Deutsche Rohstoff AG: Successful additional placement of bond 19/24 Mannheim. Deutsche Rohstoff AG has successfully increased its bond 19/24 from EUR 87 million to EUR 100 million. The placement was sold close to the current market price at 102%. The additional funds will be used to finance the further growth of oil and gas production in the USA [...]
Deutsche Rohstoff AG: Bright Rock Announces Strong Results from its Buster Well in Wyoming 864 barrels of oil in first full month of production/Declining drilling costs Mannheim/Denver. Bright Rock Energy today announced production results from its new oil and gas well in Converse County, Wyoming. The Buster well was drilled horizontally into the [...]
Deutsche Rohstoff AG: New Edition of the Rheingold Medal Mannheim. Deutsche Rohstoff AG minted another 200 medals made of Rheingold with the "Worms" motif. The medal had been issued in 2015 in an edition of 200, but has long been sold out as it is a rare collector's item. The weight of the medal is ¼ troy ounce with a natural fineness of 946. The [...]
Deutsche Rohstoff AG: Cub Creek Energy starts production from Knight well pad Mannheim/Denver. Cub Creek Energy, one of Deutsche Rohstoff's subsidiaries in the USA, has started producing oil and gas from twelve new horizontal wells. The wells were drilled in the spring and completed in recent months. They are 12 wells with 2.25 miles of horizontal [...]
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 [...]
