Elster Oil & Gas prepares for the drilling of 9 horizontal wells in February 2015

Deutsche Rohstoff and the management of its US subsidiary Elster Oil and Gas (EOG) are preparing for the drilling of 9 non-operated horizontal wells in the Magpie Project Area, Wattenberg Field, DJ Basin of Colorado beginning mid February, of 2015. Net drilling capital expenditures by EOG will total approximately USD19 million based on average net WI of 44% in five 1.5 mile laterals and four 1.0 mile laterals.