Subsidiaries

1876 Resources

1876 Resources is based in Denver, Colorado. The company was founded in 2014 by Deutsche Rohstoff and 1876’s management at the time.

In addition to the Denver-Julesberg Basin in Colorado, 1876 Resources also produced in the Powder River Basin in Wyoming in 2023.

In 2023, 1876 Resources drilled and put into production a total of nine wells as operator in Wyoming. 1876 also operates a 60km long low-pressure gas pipeline to transport gas from the production location efficiently and in an environmentally friendly manner.

The Company holds approximately 35,000 acres in the Powder River Basin with significant potential for further development.

For more information, visit 1876 Resources' website:  1876resources.com

Salt Creek Oil & Gas

Salt Creek Oil & Gas is based in Denver, Colorado. Deutsche Rohstoff founded the company in mid-2015.

In 2023, Salt Creek Oil & Gas further expanded its holdings as a "non-operator". A total of 15 wells were brought into production and 10 additional wells were drilled through joint ventures with Occidental Petroleum in Wyoming, which started production in the second quarter of 2024. At the end of 2023, Salt Creek Oil & Gas sold its acreage in Utah with approximately 250 "non-operated" wells with an average share of 2.3%.

Bright Rock Energy

Bright Rock Energy is based in Denver, Colorado. The company was founded in mid-2018 by Deutsche Rohstoff and its current management.

In 2020, Bright Rock Energy acquired a land position in the Powder River Basin in Wyoming and successively expanded it. The position in the Powder River Basin consists of approximately 35,000 acres.

In October 2021, the Company drilled its first well on these acreage as operator. Three more wells were drilled in the first quarter of 2024. On the position of about 35,000 acres there is potential for many more wells in the coming years.

Elster Oil & Gas

Elster Oil & Gas is based in Denver, Colorado. The management is identical to the management of 1876 Resources. Deutsche Rohstoff holds a 93 % share in Elster Oil & Gas.

The Company holds acres in the Denver-Julesburg Basin, Colorado. The acreage was developed by operator Civitas Resources, which brought a total of 40 wells into production between 2015 and 2018. Elster’s position is largely developed.