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 [...]
Deutsche Rohstoff AG: Continued positive development Oil production above expectations/Strong results of securities portfolio Mannheim. At the end of the first half of the year, Deutsche Rohstoff AG provides an update on the development of its business: Oil and gas production in the USA continued to develop very positively. A total of about [...]
Deutsche Rohstoff Group generated net income of EUR 11.7 million in the first quarter. At EUR 17.9 million, sales were also up on the previous year. EBITDA jumped to EUR 21.3 million in the first quarter, more than double the previous year's figure. According to the final figures, the consolidated result is even slightly higher than provisionally [...]
As already reported in the context of the publication of the preliminary figures, the Deutsche Rohstoff Group achieved sales of EUR 38.7 million, EBITDA of EUR 23.9 million and a consolidated result of EUR -16.2 million in the difficult 2020 financial year. The Annual Report for the financial year 2020 of the Deutsche Rohstoff Group will be [...]
The equity and bond portfolio, which Deutsche Rohstoff AG built up in oil and gold stocks and bonds last year in response to the COVID crisis, continues to deliver very good results. In the first quarter of 2021 , realized gains amounted to EUR 8.2 million. Unrealized gains still existed in the amount of EUR 3.8 million. In the past few days, the [...]
The present value of the reserves of the US-subsidiaries of Deutsche Rohstoff AG amounts to USD 211.6 million based on the current forward curve as of 8 March 2021. Of this amount, USD 188.2 million relates to certain reserves and USD 23.4 million relates to probable reserves. As of 31 December 2020, the value was USD 128.8 million for the proven [...]
In the 2020 financial year, Deutsche Rohstoff Group generated sales of EUR 38.7 million, earnings before interest, taxes, depreciation and amortization of EUR 23.9 million and a consolidated loss of EUR 16.2 million. Sales, EBITDA and net income were thus in line with the increased forecast published in November. The consolidated loss was mainly [...]
Bright Rock Energy has continued to expand its acreage in 2020 to currently approximately 3,000 acres in Utah's prolific Uinta Basin through strategic acquisitions and the company's leasing program. The growth in land position along with increased well productivity and drilling density resulted in proved reserves of 1.9 million barrels of oil [...]
