Deutsche Rohstoff AG

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 talk to potential partners who have suitable projects and growth strategies [...]

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 by Bright Rock in the Powder River Basin. Concurrent with the drilling, the [...]

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 profitable? Rising oil and gas prices - where is the journey heading? A discussion [...]

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 due diligence check did not reveal any negative findings. Cub Creek will take [...]

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 guidance for the full year will be achieved. Further strong growth is [...]

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 coming weeks, with the transaction expected to close in October of 2021. The [...]

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 interest of 7.1%. As wells are completed through the end of 2021, Bright Rock is [...]

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 drilling, the well is scheduled to be completed in October with first [...]

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 0.5 million higher than the preliminary figures published on 5 July. The very [...]

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 AUD 15.25 million. Deutsche Rohstoff AG is the third largest shareholder of [...]