Deutsche Rohstoff: Rhein Petroleum participates in new oil drilling activity in Bavaria

Deutsche Rohstoff AG

Deutsche Rohstoff: Rhein Petroleum participates in new oil drilling activity in Bavaria

Deutsche Rohstoff AG

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 September. Wintershall and Rhein Petroleum work together as a consortium (each 50%) in the license area Mindelheim. Wintershall is acting as operator. Both wells are located in the area of former oil fields, where significant remaining reserves are still suspected. The drilling targets were defined after the interpretation of a modern 3D-seismic survey, which was conducted under the direction of Rhein Petroleum in the license area Mindelheim in 2012.
Detailed information on the wells can be found here: http://www.heimische-foerderung.de/energie-aus-deutschland/wintershall-in-bedernau-lauben/.

Heidelberg, 13 August 2014

Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company’s focus is placed on oil & gas and so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in political stable countries with high environmental standards. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit www.rohstoff.de.

Contact:

Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
info@rohstoff.de