Deutsche Rohstoff buys back Corporate Bond for 5.6 million face value Heidelberg. The buyback offer at 105% of the face value, which Deutsche Rohstoff offered to the creditors of its corporate bond (WKN A1R07G; ISIN DE000A1R07G4), is completed. Creditors gave back bonds for a face value of 5.6 million Euro. The outstanding amount of the bond amounts to approximately EUR 51.5 million after the buyback. [...]
Almonty Industries filed today its financial statements for the year ended September 30, 2014. Net income amounted to CAD 10.39 million (EUR 7.3 million) with total revenues of CAD 29.6 million (EUR 20.8 million). This results in earnings per share of CAD 0.24. Almonty had cash and cash equivalents of CAD 14.87 million at its disposal.
Almonty Industries announces proposed merger with Woulfe Mining Creation of leading tungsten producer outside China Heidelberg. Almonty Industries announced today that it has entered into a non-binding letter of intent to combine the businesses of the two companies and create the leading tungsten company outside China. The transaction is expected to be closed within the next 30 days. The full text of the press release can [...]
Cub Creek Energy, oil and gas subsidiary of Deutsche Rohstoff, acquired acreage within the core area of the Wattenberg field in Colorado/USA. The company has initiated the permitting of twelve horizontal wells on the acquired acreage to facilitate development with a surface drilling location already having been contractually secured. CCE intends to obtain the necessary 3D seismic data within the next several months to [...]
Dear Sir or Madam, after nearly nine years, the time has come for me to say goodbye and pursue other interests. I am pleased to put the management of the company in the hands of my esteemed partner Thomas Gutschlag, with whom I have founded Deutsche Rohstoff in March 2006. I will continue to act as an advisor for the company to a limited extent. Thank you very much for your trust and good cooperation over so many years [...]
Deutsche Rohstoff: Share Buyback completed Heidelberg. Deutsche Rohstoff (ISIN DE000A0XYG76, WKN A0XYG7) has completed its share buyback program today, which was initiated based on the resolution of the shareholder meeting dated 23 July 2013. Within the limits of the buyback program, the company purchased 259.075 shares during 16 July 2014 and 19 December 2014. This amount is equivalent to 4.87 percent of the share [...]
Deutsche Rohstoff: Further Proceeds for Elster Oil & Gas Land Sale for 2.8 Mio USD/ Further royalty revenues expected Heidelberg/Denver. Elster Oil and Gas, LLC (EOG), formerly Tekton Energy,LLC and currently a 93% owned subsidiary of Deutsche Rohstoff, has sold a remaining piece of land near the town of Windsor, Colorado. The land was originally acquired to build a central oil assembly facility in the area. The sale [...]
Deutsche Rohstoff: Bond buyback Heidelberg. Deutsche Rohstoff AG has purchased outstanding bonds (ISIN DE000A1R07G4, WKN A1R07G) with a nominal value of EUR 4.93 million at market price. The buyback was carried out in an over the counter transaction. Selling parties were instititutional bondholders. The remaining nominal value of outstanding bonds amounts to EUR 57.3 million. Heidelberg, 12 September 2014 Deutsche [...]
Deutsche Rohstoff: Rhein Petroleum participates in new oil drilling activity in Bavaria Two wells in Lauben and Bedernau in the Lower Allgäu/Germany Heidelberg. Wintershall GmbH, oil and gas subsidiary of BASF, started drilling an oil well in Lauben in the Lower Allgäu region of Bavaria, Germany, today. Another well will be drilled in the neighboring Bedernau, near the city of Mindelheim, by the end of August/beginning of [...]
Deutsche Rohstoff: Tekton Energy reports quarterly production figures and gives update of sales process 250,761 BOE in first quarter/Closing of asset sale expected on or before 30 May Heidelberg/Denver. Tekton Energy reported today that the company produced 250,761 barrels of oil equivalent in the first quarter of 2014. Tekton's share of the production after deduction of working interest and royalty interests was 130,369 [...]
Deutsche Rohstoff: Tekton Energy reports strong results from new production 2.500 Barrels of Oil Equivalent per day during first 30 days / Production rates above expectations Heidelberg/Denver. Tekton Energy reported today that five new horizontal wells have initially produced an average of combined 2.500 Barrels of Oil Equivalent (BOE) per day during the first 30 days of production. The wells were drilled from Tekton's [...]
Deutsche Rohstoff: Wolfram Camp declares start of commercial production Exploration leads to increased resource inventory/Board approves 10-year mine plan Heidelberg/Brisbane. Wolfram Camp Mining (WCM), 100 % owned subsidiary of Deutsche Rohstoff, officially declared start of commercial operations from November 1st on. This declaration is following the achievement of budget production thresholds for mining and processing [...]
