Deutsche Rohstoff Group was able to generate record sales, EBITDA and earnings in the third quarter of 2023. Revenue amounted to EUR 57.5 million in, EBITDA at EUR 45.6 million. The figures for the first nine months of 2023 are also strong: Sales amounted to EUR 132.6 million, EBITDA to EUR 101.6 million and net income to EUR 42.6 million. Other highlights of the first nine months: Oil and gas production reached an [...]
Deutsche Rohstoff AG has successfully completed the placement of its corporate bond 2023/2028 with an issue volume of EUR 100 million. The volume is composed of subscriptions in the public offering and the institutional private placement as well as the exchange of the corporate bond 2019/2024 into the new bond of Deutsche Rohstoff AG. Due to the high demand, the volume was significantly oversubscribed. The new bond has a [...]
Deutsche Rohstoff AG announces that the currently offered 7.5% bond is facing strong demand from institutional and private investors. The transaction is oversubscribed before the end of the subscription period on 25 September. The targeted issue volume of EUR 100,000,000 has therefore been exceeded by investor demand. The new bond is scheduled for delivery/value date and listing on the Open Market of the Frankfurt Stock [...]
Deutsche Rohstoff AG plans to place a new corporate bond with a volume of up to EUR 100 million based on the securities prospectus* approved today by the Commission de Surveillance du Secteur Financier. This will be Deutsche Rohstoff's fourth bond issue since 2013. Two bonds were repaid on schedule in 2018 and 2021, while the 2019/2024 bond still has a remaining term of around 14 months. This bond with a coupon of 5.25 [...]
Highlights in the first half of 2023: Record production of 10,533 BOE per day due to very strong operational development. Record revenues of EUR 75.1 million in the first half of the year despite sharp drop in oil and gas prices compared to previous year. Guidance for 2023 confirmed. Based on the operating development and the forecast oil price of 75 USD WTI, revenues and earnings should be at the upper end of the [...]
Deutsche Rohstoff AG has added another well-known address to its circle of analysts with Oddo BHF. The initial coverage was published today in English with a recommendation to buy and a target price of 40.00 EUR. In total, there are now four assessments of the Deutsche Rohstoff AG share, all of which are freely available on the company's website. Deutsche Rohstoff AG thus extends the average analysis recommendation and [...]
The oil and gas production of the Deutsche Rohstoff Group continues to develop as planned. The current development projects Lost Springs and Huckleberry have started production. Existing production is in line with expectations. So far in Q2, numerous wells essential to the 2023 and 2024 forecast have been completed. Most notably, these include the Huckleberry pad drilled by Salt Creek Oil & Gas in partnership with Oxy and [...]
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 website. On one hand, Deutsche Rohstoff AG thus broadens the average [...]
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 Operating cash flow EUR 42.9 million Oil and gas production grew by more [...]
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 Resources' existing well pads and gathers other operated gas production in [...]
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 estimate, well ahead of plan Oil and gas production from the Oxy JV exceeded the [...]
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 increased three times during 2022 due to the good operational development [...]
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