Deutsche Rohstoff AG

Deutsche Rohstoff AG announced, that the outstanding convertible bond will be repaid on schedule at the end of March. On Wednesday, 8 February 2023, the official conversion period for the bond expired. Over the past 12 months, bondholders have exercised the right to convert with a volume of EUR 0.89 million. Thus, 31,964 new shares have been created. After registration of the last conversions, the share capital of [...]

Deutsche Rohstoff AG today published the value of oil and gas reserves in its US subsidiaries as of 31 December 2022: Present value of proved reserves of USD 352 million Future net cash flow of proved reserves USD 650 million Proved Developed Producing net present value of USD 246 million Future cash flow from PDP wells USD 351 million 35.7 million barrels of oil equivalent of proved reserves Proved reserves amount to USD [...]

Deutsche Rohstoff AG and its Australian partner SensOre have established the Australian subsidiary Exploration Ventures AI Pty Ltd . The company is focused on the exploration of lithium in Western Australia. Deutsche Rohstoff AG will hold a 70% share in the company. Since formation, EXAI has already secured three early-stage exploration projects through three Farm-in agreements and one exploration license application [...]

Deutsche Rohstoff AG's oil and gas activities continue to develop very positively. For the full year, production will be around 9,600 BOEPD, the strongest production year to date with the highest sales and EBITDA since the company was founded. The forecast for 2022 was already increased for the third time at the beginning of December due to the positive development; an EBITDA of EUR 138 to 143 million is expected in 2022 [...]

British Beacon Energy plc acquires Rhein Petroleum/Deutsche Rohstoff receives shares and a revenue share Mannheim. The UK-based company Beacon Energy plc announced today that it has acquired all of the shares in Rhein Petroleum GmbH from Deutsche Rohstoff AG and Tuilp Oil Holding. As part of the sale, Deutsche Rohstoff will receive a share in Beacon of around 3.3% as well as a revenue share of around 1% of the future net [...]

The Management Board of Deutsche Rohstoff AG invites you to the second virtual Capital Markets Day on 16 November 2022 from 10.00 am to 12.00 pm and looks forward to the dialogue with capital market participants. The main topics will be: Development in the US - Perspectives for Deutsche Rohstoff AG Economics of oil & gas development in Wyoming Undersupplied oil market or price crash in recession - where are oil prices [...]

Deutsche Rohstoff Group today published its Q3 2022 report, confirming the figures already announced. In the first 9 months of 2022, revenues of EUR 118.2 million , earnings before interest, taxes, depreciation and amortization of EUR 102.3 million and consolidated net income of EUR 52.6 million were achieved. The report is now available on the company's website at www.rohstoff.de. The very good half-year result continues [...]

Deutsche Rohstoff AG: Redemption of 127,810 repurchased shares and respective capital decrease Mannheim. The Management Board of Deutsche Rohstoff AG has resolved, with the consent of the Supervisory Board, using the authorization of the Company's Annual General Meeting of 28 June 2022, to redeem 127,810 own shares, which were acquired in the context of a share buyback program until May 2016, in a simplified procedure [...]

Deutsche Rohstoff AG's oil and gas activities are progressing according to plan. Existing production is delivering the expected results, while at the same time numerous wells will start production according to plan and new drilling programs will be launched in the coming months. The strong operational development secures the forecast for 2022 and, based on current sta...

Deutsche Rohstoff AG announced the appointment of a new Chief Financial Officer. The position will be taken over by Mr. Henning Doering as of 1 October 2022. After Thomas Gutschlag left the Executive Board at the end of June, Jan-Philipp Weitz had since then performed the tasks of CEO and CFO in personal union. Henning Doering, 45, began his professional career at KPMG AG, where he also successfully passed the exam to [...]