According to preliminary figures, the Deutsche Rohstoff Group generated consolidated net income of EUR 32.5 million in the first half of 2022 . This corresponds to EUR 6.36 per share. Revenues amounted to EUR 72.2 million and EBITDA to EUR 64.0 million. Production in the second quarter was 10,890 BOEPD per day, compared with 7,880 BOEPD in the first quarter. Full-year production is expected to remain unchanged at 9,300 to [...]
This year's Annual General Meeting of Deutsche Rohstoff AG, which took place today as a virtual meeting, passed all proposed resolutions with a large majority. Please note, that all information regarding the AGM are only available in German. The Annual General Meeting elected Dr. Thomas Gutschlag, Martin Billhardt and Dr. Werner Zöllner to the company's Supervisory Board. In the subsequent constituent meeting of the [...]
The Deutsche Rohstoff Group achieved a net income of EUR 12.8 million in the first quarter. At EUR 28.1 million, sales were significantly higher than in the previous year. EBITDA jumped to EUR 25.2 million in the first quarter, also higher than in the previous year. The quarterly report is now available on the company's website. The result is based to a greater extent on operating income than in the first quarter of the [...]
Deutsche Rohstoff AG has entered into a term sheet with Australian company SensOre to jointly evaluate early-stage lithium exploration projects in Western Australia. SensOre is pursuing a novel exploration approach that combines artificial intelligence technology, big data and geosciences knowledge. SensOre aims to become the global leader in minerals targeting. The term sheet terms include the initial identification of [...]
In fiscal year 2021, the Deutsche Rohstoff Group generated sales of EUR 73.3 million, earnings before interest, taxes, depreciation and amortization of EUR 65.9 million and consolidated net income of EUR 26.1 million. Sales and EBITDA are thus in line with the increased forecast published in January. Overall, the forecast was raised three times during the year due to the good operating performance, acquisitions and rising [...]
Based on the forward curve of 4 March 2022, the present value of the proven and probable reserves of the US subsidiaries of Deutsche Rohstoff AG amounts to USD 639.9 million, of which proven reserves accounted for USD 503.8 million and probable reserves for USD 136.1 million. Proven reserves were calculated at 29.2 million barrels of oil equivalent at year-end , while probable reserves were calculated at 19.4 million BOE [...]
Bright Rock Energy has signed a purchase and sales agreement for acreage in the Powder River Basin in Wyoming. The acreage is approximately 9,500 acres . As usual, due diligence on the asset will take place in the coming weeks. The transaction is scheduled to close mid-March. The parties have agreed not to disclose the purchase price. To date, there are no producing wells on the newly acquired acreage. Upon further study [...]
Deutsche Rohstoff AG: Successful additional placement of bond 19/24 Mannheim. Deutsche Rohstoff AG has successfully increased its bond 19/24 from EUR 87 million to EUR 100 million. The placement was sold close to the current market price at 102%. The additional funds will be used to finance the further growth of oil and gas production in the USA. The placement was managed by ICF BANK AG of Frankfurt am Main. Mannheim, 8 [...]
Deutsche Rohstoff AG: Bright Rock Announces Strong Results from its Buster Well in Wyoming 864 barrels of oil in first full month of production/Declining drilling costs Mannheim/Denver. Bright Rock Energy today announced production results from its new oil and gas well in Converse County, Wyoming. The Buster well was drilled horizontally into the Niobrara formation. The well showed strong results in its first full month [...]
Deutsche Rohstoff AG: New Edition of the Rheingold Medal Mannheim. Deutsche Rohstoff AG minted another 200 medals made of Rheingold with the "Worms" motif. The medal had been issued in 2015 in an edition of 200, but has long been sold out as it is a rare collector's item. The weight of the medal is ¼ troy ounce with a natural fineness of 946. The gold for the medal was extracted from the sediments of the Rhine by a [...]
Deutsche Rohstoff AG: Cub Creek Energy starts production from Knight well pad Mannheim/Denver. Cub Creek Energy, one of Deutsche Rohstoff's subsidiaries in the USA, has started producing oil and gas from twelve new horizontal wells. The wells were drilled in the spring and completed in recent months. They are 12 wells with 2.25 miles of horizontal length. The capital expenditure is approximately USD 60 million, of which [...]
Deutsche Rohstoff AG: Successful first Capital Markets Day Mannheim. Deutsche Rohstoff AG opened the doors to its first Capital Markets Day on 4 November. Around 150 interested parties had registered for the event in advance. In dialogue with investors and representatives of the financial and business media, CEO Thomas Gutschlag gave an update on the company's oil and gas business in the USA; CFO Jan-Philipp Weitz [...]
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