Deutsche Rohstoff: First horizontal wells from Tekton Energy have already reached payout Production from five horizontal wells to begin/Drilling of seven new horizontal wells Heidelberg/Denver. The first two horizontal wells, which Tekton Energy, US oil and gas subsidiary of Deutsche Rohstoff, drilled from the Rancho pad in spring, have already paid out after 4.5 and 5.5 month respectively. This means they have generated [...]
Deutsche Rohstoff: Rhein Petroleum announces successful exploratory oil drilling Successful redevelopment of former oil field Stockstadt in Hesse Heidelberg. Rhein Petroleum GmbH, Heidelberg, announced today, that drilling of their first oil well in Riedstadt-Crumstadtd was successful, which means it reached oil-bearing layers. Riedstadt-Crumstadt is located about 50 kilometers south of Frankfurt am Main. The exploratory [...]
Deutsche Rohstoff: Tekton concludes drilling of five horizontal wells All drillings reach oil-bearing layers/Successful 'batch-drilling' reduces drilling time Heidelberg/Denver. Drilling of five additional horizontal wells from Tekton's Pavistma South pad that started in late August was finished yesterday, significantly ahead of schedule. All drillings reached the oil-bearing Codell- and Niobrara layers. Tekton's [...]
Deutsche Rohstoff: Strong sales and profit growth in the first half of 2013 Tekton Energy drilling program on schedule/Additional bond issue of EUR 10 million Heidelberg. Deutsche Rohstoff AG, Heidelberg, published its semi-annual report today. The report can be downloaded on the company's website (www.rohstoff.de). Sales of the group during the first half of 2013 increased to EUR 6.5 million (previous year: EUR 1.4 [...]
Deutsche Rohstoff AG: Tekton Energy leases additional 1.900 acres in north-western Wattenberg Both recently drilled horizontal wells producing
Denver/Heidelberg. Tekton Energy (www.tektonenergy.com) reported today that it leased an additional 1.900 acres, boosting Tekton's total acreage position in the prospective north-western part of the Wattenberg field to approximately 4.200 acres. The new leases are located north of [...]
Deutsche Rohstoff AG: Tekton Energy commences production from first horizontal well
Denver/Heidelberg. Deutsche Rohstoff AG's US-Oil subsidiary Tekton Energy (www.tektonenergy.com) reported today that it has already started producing from its first horizontal well, two weeks earlier than scheduled. The well was drilled in March 2013 and completed during the last four weeks. It was fraced last Friday and connected to the [...]
Deutsche Rohstoff AG: Tekton Energy commences horizontal drilling Two wells planned from existing pad / Further cooperation agreement signed
Denver/Heidelberg. Deutsche Rohstoff AG's US-Oil subsidiary Tekton Energy (www.tektonenergy.com) reported today that it will commence its horizontal drilling program near the town of Windsor this weekend. Tekton plans for two initial wells with a lateral length of 4.100 feet (1.250 [...]
Deutsche Rohstoff AG: Tin International is awarded further Exploration License Lizense 'Sadisdorf' close to historic tin mine Altenberg/Very positive metallurgical results for Gottesberg
Chemnitz/Heidelberg. Tin International (TIN) was awarded another license area in the Erzgebirge region of Germany. The Saxon Mining Authority advised that TIN received an exploration license for five years for the area around Sadisdorf [...]
Deutsche Rohstoff AG: Tekton Energy enters into cooperation agreement with Anadarko Petroleum
Denver/Heidelberg. Deutsche Rohstoff AG's US-Oil subsidiary Tekton Energy reported today that it entered into a cooperation agreement with the second largest oil and gas producer in the Wattenberg area, Houston-based Anadarko Petroleum (www.anadarko.com). Both companies have agreed to the following arrangements:
Deutsche Rohstoff AG: Seltenerden Storkwitz AG announces results of JORC-report Confirmation of the historical estimate/Capital increase completed
Heidelberg. Seltenerden Storkwitz AG (SES), Chemnitz, announced today that the now available resource estimate according to the Australian JORC standard fully confirms the previous resource estimate from the 1980s. The geometry and the trend of the ore body as well as the rare [...]
Deutsche Rohstoff AG: Current state of corporate development and outlook for 2013
Heidelberg. Approaching the end of 2012, Deutsche Rohstoff AG (DRAG) gives an overview of the key developments of the group and it's subsidiaries as well as an outlook for the year 2013:
Deutsche Rohstoff AG/Holding
The board framed different targets for DRAG and the group for 2012/2013 which have been achieved to a large extent [...]
Deutsche Rohstoff AG: Sale of Georgetown Goldmine completed FIRB approval and AUD 10 million initial payment received
Heidelberg/Brisbane. Deutsche Rohstoff AG is pleased to report that the sale of its Georgetown Goldmine in North Queensland, Australia, has been completed today. The outstanding approval of the Australian Foreign Investment Review Board was granted last week. The initial payment of AUD 9.5 Million was [...]
