PRESS RELEASE: Deutsche Rohstoff AG: Worth of oil and fuel reserves rising 12 months on 12 months primarily based on present costs

DGAP-Information: Deutsche Rohstoff AG / Key phrase(s): Miscellaneous Deutsche Rohstoff AG: Worth of oil and fuel reserves up year-on-year primarily based on present costs 2021-03-11 / 08:42 The issuer is solely answerable for the content material of this announcement. =---------------------------------------------------------------------------------------------------------------------- Deutsche Rohstoff AG: Worth of oil and fuel reserves up year-on-year primarily based on present costs Mannheim. The current worth of the reserves of the US-subsidiaries of Deutsche Rohstoff AG (future money move discounted at 10%, so-called PV 10) quantities to USD 211.6 million primarily based on the present ahead curve as of 8 March 2021. Of this quantity, USD 188.2 million pertains to sure reserves and USD 23.4 million pertains to possible reserves. As of 31 December 2020, the worth was USD 128.8 million for the confirmed reserves and USD 14.6 million (earlier 12 months: USD 9.4 million) for the possible reserves attributable to considerably decrease costs. Confirmed reserves had been calculated at 20.4 million barrels of oil equal (BOE) at year-end (earlier 12 months: 26.6 million BOE), whereas possible reserves had been calculated at 3.8 million BOE (earlier 12 months: 2.4 million BOE). Cub Creek and Elster reserves had been decrease than the earlier 12 months attributable to manufacturing final 12 months and likewise attributable to an assumed decreased drilling density on the Knight effectively pad. Shiny Rock, however, considerably elevated reserves by means of acquisitions and better drilling density within the Uinta-Basin in Utah. At Salt Creek and Shiny Rock, proved reserves climbed over 34% to now 4.7 million BOE (earlier 12 months: 3.5 million BOE), whereas possible reserves rose by as a lot as 60% to three.8 million BOE. An in depth overview might be out there shortly on the web site of Deutsche Rohstoff. Mannheim, 11 March 2021 Deutsche Rohstoff identifies, develops and sells engaging uncooked materials deposits in North America, Australia and Europe. The main target is on the event of oil and fuel deposits within the USA. Metals equivalent to gold and tungsten full the portfolio. Additional data may be discovered at www.rohstoff.de Contact Deutsche Rohstoff AG Dr. Thomas Gutschlag, CEO Cellphone +49 621 490 817 0 [email protected] =---------------------------------------------------------------------------------------------------------------------- 2021-03-11 Dissemination of a Company Information, transmitted by DGAP - a service of EQS Group AG. The issuer is solely answerable for the content material of this announcement. The DGAP Distribution Companies embrace Regulatory Bulletins, Monetary/Company Information and Press Releases. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- Language: English Firm: Deutsche Rohstoff AG Q7, 24 68161 Mannheim Germany Cellphone: 0621 490 817 0 Fax: 0621 490 817 22 E-mail: [email protected] Web: www.rohstoff.de ISIN: DE000A0XYG76, DE000A1R07G4, WKN: A0XYG7, A1R07G Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Alternate EQS Information ID: 1174779 Finish of Information DGAP Information Service =------------
1174779 03/11/2021
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March 11, 2021 at 2:44 am ET (07:44 GMT)