Elster Oil & Gas commences production from new horizontal wells

Deutsche Rohstoff´s US subsidiary Elster Oil & Gas (EOG) announced today that production from new horizontal wells has started. Six new wells were drilled over the last months from the so called “Wind” pad in EOG´s project area in the North-Western part of the Wattenberg Oil field in Colorado. EOG´s working interest in the wells amounts to roughly 50%. It is expected that all new wells will produce oil by September 2016.