Oil and Gas, current Reserve Estimation

Current Reserve Estimation for Deutsche Rohstoff as of 1 January 2023

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

EUR (million)

Proved

Developed

Proved

Undeveloped

Dev. + Undev.

Probable

Total

BOE (million)

14.8

20.9

35.7

13.7

49.4

Revenue**

626.1

1,058.7

1,684.8

698.1

2,382.9

Production Tax

63.2

127.4

190.6

83.1

273.7

OPEX

209.6

232.1

441.7

147.8

589.5

Operational
Cash Flow

353.0

698.5

1,051.5

467.0

1,518.6

CAPEX

1.6

399.4

401.1

317.7

718.7

Cash Flow

351.4

299.1

650.5

149.3

799.8

Cash Flow
Discounted (10%)

246.5

105.3

351.8

20.2

372.0

Net Wells

94.1

38.5

132.6

28.7

161.4

USD (million) Proved Developed Proved Undeveloped Proved Probable Total
BOE (million) 14.4 14.8 29.2 19.4 48.6
Revenue** 530.9 694.3 1,225.2 903.6 2,128.8
Production tax 44.3 78.1 122.4 102.8 225.3
OPEX 150.6 145.1 295.7 186.7 482.4
Operational Cash Flow 336.0 471.0 807.1 614.0 1,421.1
CAPEX 3.5 259.9 263,4 366.3 629.7
Cash Flow 332.5 211.2 543.7 247,8 791.4
Discounted Cash Flow (10%) 251.2 67.0 318.2 49.6 367.7
Net Wells 92.1 29.7 121.8 39.1 160.9

* 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.