Rhein Petroleum strikes oil in the Hessian Ried

Rhein Petroleum GmbH, in which Deutsche Rohstoff AG holds a 10% stake, completed its test well in Riedstadt-Goddelau and found oil. At a depth of about 1,700 metres, in the so-called “Pechelbronn Formation”, several cubic meters of oil were immidiately produced.

Test well “Schwarzbach 1” completed successfully

Heidelberg. Rhein Petroleum GmbH, in which Deutsche Rohstoff AG holds a 10% stake, completed its test well in Riedstadt-Goddelau and found oil. At a depth of about 1,700 metres, in the so-called “Pechelbronn Formation”, several cubic meters of oil were immidiately produced.

Rhein Petroleum carried out an extensive 3D-seismic survey in the region between October 2011 and March 2012. The now successfully drilled target was defined as highly promising by the seismic campaign.

A detailed press release can be found on Rhein Petroleum’s homepage. Please note, that only a German version is available: www.rheinpetroleum.de

Heidelberg, 31 March 2015

Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company’s focus is placed on oil & gas and so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in political stable countries with high environmental standards. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit www.rohstoff.de.

Contact:

Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
info@rohstoff.de

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