Oil and Gas, current Reserve Estimation

Current Reserve Estimation for Deutsche Rohstoff as of 1 January 2024

The reserves were estimated as of 01.01.2023. The price basis for the value of the reserves is the NYMEX forward curve of 01.01.2022.

Proved

Probable

Total

USD (million)

Developed

Undeveloped

Dev. + Undev.

Probable

BOE (million)

18.6

12.5

31.4

11.9

43.2

Revenue

807.2

660.8

1,467.9

710.4

2,178.3

Production Tax

91.4

80.4

171.9

85.1

257.0

OPEX

247.4

135.5

382.9

134.2

517.2

Operational
Cash Flow

468.3

444.8

913.1

491.0

1,404.1

CAPEX

0.8

225.7

226.5

285.5

512.0

Cash Flow

467.5

219.1

686.6

205.4

892.1

Discounted
Cash Flow (10%)

313.4

72.5

385.9

34.4

420.3

Net Wells

96.1

22.4

118.5

26.7

145.1

USD (million) Proved Developed Proved Undeveloped Proved Dev. + Undev. Probable Total
BOE in Mio. 18.9 12.5 31.4 11.9 43.2
Revenue 807.2 660.8 1,467.9 710.4 2,178.3
Production Tax 91.4 80.4 171.9 85.1 257.0
OPEX 247.4 135.5 382.9 134.2 517.2
Operational
Cash Flow
468.3 444.8 913.1 491.0 1,404.1
CAPEX 0.8 225.7 226.5 285.5 512.0
Cash Flow 467.5 219.1 686.6 205.4 892.1
Discounted
Cash Flow (10%)
313.4 72.5 385,9 34.4 420.3
Net Wells 96.1 22.4 118.5 26.7 145.1

* The reserves include those of the subsidiaries Cub Creek Energy, Elster Oil & Gas, Bright Rock Energy and Salt Creek Oil & Gas. Reserves of Cub Creek Energy, Elster Oil & Gas and Bright Rock Energy were prepared by independent reserve surveyors. Salt Creek Oil & Gas reserves were prepared by Salt Creek Oil & Gas without an outside consultant. The calculation is based on the NYMEX strip as of December 31, 2021.

** Revenues are net of partners’ shares and royalties.