Deutsche Rohstoff AG: New wells commence production

Deutsche Rohstoff AG

Deutsche Rohstoff AG: New wells commence production

Deutsche Rohstoff AG

Mannheim/Denver. Elster Oil & Gas (EOG), in which Deutsche Rohstoff holds a 93% stake, has announced that the majority of the new horizontal wells in the Magpie area have started to produce oil and gas on February, 10th. The remaining wells are scheduled to commence production on March, 6th. The operator informed EOG accordingly. There are a total of 28 wells with different horizontal lengths. Elster holds around 36% of the ownership of these wells, which corresponds to about 17 net wells with one mile in length. EOG is expected to report the results of the first 30 production days in April.

Mannheim, 26 February 2018

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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.