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Reserves
Annual estimates of reserves
Every year, Deutsche Rohstoff AG publishes the oil and gas reserve estimates of its U.S. subsidiaries. These reports are based on the results of reserve auditors and provide insight into the Company's reserves as of December 31 of each year.
Estimates are made using oil and gas prices in accordance with NYMEX West Texas Intermediate prices and Henry Hub prices and are prepared by reputable and recognized reserve auditors.
The table shows the estimated net reserves and income ratios of the proven and probable reserves.
Reserves of december 31, 2023
| 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 |
| Optional 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 |
* See presentation for details and definitions
The current reserve estimate as of December 31, 2023, is also available as a presentation.
