Deutsche Rohstoff AG

In fiscal year 2018, the Deutsche Rohstoff Group generated sales of EUR 109.1 million and earnings before interest, taxes, depreciation and amortization of EUR 96.6 million. Sales were thus at the upper end of the November forecast of EUR 100 to 110 million. The EBITDA, which the Management Board had expected in November at around EUR 90 million [...]

The proved reserves of the US subsidiaries of Deutsche Rohstoff AG rose to 29.4 million barrels of oil equivalent as of 31 December 2018, while the probable reserves declined to 3.4 million BOE. The present value of the reserves amounted to USD 177 million as of 31 December 2018 for the proved reserves and USD 9 million for the probable reserves [...]

Deutsche Rohstoff AG: Tin International sells Gottesberg license to Anglo Saxony Mining Total consideration of 50.000 EUR in cash and 2 million Anglo Saxony Mining shares Mannheim/Leipzig. Tin International AG sells 100% interest in its Gottesberg license in the Saxon Vogtland to Anglo Saxony Mining Limited . ASM is a private company based in [...]

Salt Creek Oil & Gas has successfully completed two acquisitions with an investment volume of USD 5.4 million. The company acquired a total of 300 mineral acres in the core area of the Williston Basin in North Dakota. These royalties currently account for around 220 barrels of production per day. Additional drilling locations are expected to be [...]

For the full year 2018, Deutsche Rohstoff Group is expected to achieve higher sales than forecasted at the end of September and earnings before interest, taxes, depreciation and amortization at or slightly above the upper end of the forecast range. After nine months, Group revenue amounted to EUR 88.4 million and EBITDA to EUR 79.5 million [...]

Almonty Industries announced that KfW IPEX-Bank GmbH has consented to the Company disclosing the bank as the lender and the general terms of the proposed debt project financing for Almonty's Sangdong mine in Korea. The project financing approval process is now in the late stage of finalization with due diligence almost complete. The general terms [...]

The new oil and gas subsidiary Bright Rock Energy, which was founded in July 2018, has already achieved its first acquisition success after only a few weeks. For USD 2.5 million Bright Rock purchased a total of 4,601 net acres in the Uinta Basin in the US state of Utah. Current daily production is 66 barrels of oil equivalent, with reserves of [...]

Tin International AG has successfully completed the sale of the Hegelshöhe and Sadisdorf licenses to its former joint venture partner Lithium Australia NL. The Upper Mining Authority of Saxony approved the transfer of the licenses from Tin International AG to Trilithium Erzgebirge GmbH, a wholly owned subsidiary of Lithium Australia NL. Tin [...]

Deutsche Rohstoff has founded Bright Rock Energy LLC, a new oil and gas company based in Denver Colorado, USA. The company is managed by a team with extensive experience, particularly in the oil and gas fields in the Rocky Mountain region. Bright Rock Energy will acquire and develop undervalued oil and gas properties. The current focus is on the [...]

Cub Creek Energy today published the production results for new wells which commenced production from the company's Litzenberger pad at the end of April. During the first 30 days of stable production the pad produced 5.632 barrels of oil equivalent per day or 352 BOEPD per well, thereof 4.704 barrels of oil per day or 294 BOPD per well. The [...]