3D Seismic being evaluated/Further development planned
Denver/Heidelberg. Deutsche Rohstoff AG’s US-Oil subsidiary Tekton Energy reported today that the Board of the town of Windsor has granted the approval to drill an additional 55 wells from 4 different drill pads. This decision combined with previous approvals will allow Tekton Energy to effectively pursue the development of its Windsor acreage within the Wattenberg Oil Field. Tekton is evaluating its recently-acquired 3D seismic survey and is preparing a full development plan for its acreage including the possible drilling of a large number of horizontal wells. Ideal well spacing is being tested by large Wattenberg operators such as Anadarko and Noble. The range of spacing being tested may result in over 50 Tekton horizontal wells.
Heidelberg, 05 September 2012
Deutsche Rohstoff AG (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 gold, oil & gas and so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in countries marked by political stability, the core area being Germany. The business concept is based on redeveloping deposits which have been well explored in the past. For more information please visit www.rohstoff.de.
Dr. Thomas Gutschlag
Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24, 69117 Heidelberg
Tel. (06221) 87 100-0
Fax (06221) 87 100-22
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