Elster Oil & Gas reports asset sale

Deutsche Rohstoff AG

Elster Oil & Gas reports asset sale

Deutsche Rohstoff AG

Mannheim. Elster Oil & Gas (EOG), a 93% subsidiary of Deutsche Rohstoff, sold its royalties over different wells close to the township of Windsor for USD 1.56 million. The royalties were originally part of the portfolio of former Tekton Energy. In addition to the sales price, EOG received over USD 400,000 in revenue from July to November production. As EOG has activated no value for these royalties, the sales price will be fully booked as profit.

Mannheim, 30 December 2016

Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.