Deutsche Rohstoff AG: Tekton Energy reports approval of 55 wells

Deutsche Rohstoff AG

Deutsche Rohstoff AG: Tekton Energy reports approval of 55 wells

Deutsche Rohstoff AG

Denver/Heidelberg. Deutsche Rohstoff AG’s US-Oil subsidiary Tekton Energy reported today that the Board of the town of Windsor has granted the approval to drill an additional 55 wells from 4 different drill pads. This decision combined with previous approvals will allow Tekton Energy to effectively pursue the development of its Windsor acreage within the Wattenberg Oil Field. Tekton is evaluating its recently-acquired 3D seismic survey and is preparing a full development plan for its acreage including the possible drilling of a large number of horizontal wells. Ideal well spacing is being tested by large Wattenberg operators such as Anadarko and Noble. The range of spacing being tested may result in over 50 Tekton horizontal wells.

Heidelberg, 05 September 2012