Attractive bond story
The German commodity is an iinternationally active, diversified, strongly growing resource company- So far, strong operating performance, good share price performance, healthy balance sheet
- Tekton Energy founded, since 2012 successful oil producer in the USA
- The income from the bond will largely increase at least 75% to finance the growth of Tekton Energy used
- Tekton is at the beginning of a extremely attractive drilling program with 60 own horizontal bores on the licensed surfaces
- The areas are located in the Yield strongest onshore oil and gas field of the USA, the Wattenberg field
- So far 2 horizontal wells with above average reserves, Net proceeds from just two holes in May already 55.000 USD / day
- A reserve report has Tekton Energy Reserves of 32 million barrels of oil equivalent (BOE) approved
- potential Revenues from the reserves are 2,1 billion USD, Future Net Income 1,2 billion (see table)
- Start of drilling is already in July 2013, planning phase has started, drill already exists
- The further project from the areas Metals (tungsten, tin, rare earths) as well as oil & gas give the bond extra security
Company profile German commodity
The German commodity with seat in Heidelberg was in the year 2006 of the today's boards Dr. Titus Gebel and dr. Thomas Gutschlag founded.
The focus of operations in the exploration and production of crude oil and natural gas and critical metals (tungsten, molybdenum, tin and rare earths).
The company's crude oil / natural gas production is mainly concentrated on the well-developed Wattenberg field in Colorado / USA. In the critical metals business, the company has been producing tungsten and molybdenum concentrates in its open pit mine in Queensland, Australia since 2012, as well as developing tin and rare earth deposits in Saxony.
Since the IPO in the year 2010, the price has risen by about 60%, the market capitalization is currently about 80 million euros. The company has been profitable since 2011. Learn More
Tekton Energy - successful oil producer in the USA
The US subsidiary of Deutsche Rohstoff, Tekton Energy, currently holds 4.095 acres (approx. 1.657 hectares) of license areas in the Wattenbergfeld in Colorado. The company, which was founded in 2011 with the experienced management team, initially began to develop the areas with 9 vertical wells in February. All wells were successful and produce oil & gas.
During the year, 2011 and strengthened since 2012, the two largest Wattenberg-based oil companies, Anadarko Petroleum Corporation and Noble Energy, Inc., published results from horizontal wells tested in the Wattenberg field.
In February 2013 Tekton therefore began with the first two horizontal bores. The two holes were completed within the planned timeframe of four weeks, and also within the budget of a total of USD 9 million. Completion of the two holes occurred during the April 2013. Both holes were found. The very successful test promotion began at the end of April.
Both holes together produced an average of 1.228 BOE in May, which translates into net income before interest, taxes, depreciation and amortization (EBITDA) of 55.000 USD daily.
Due to the very good results, Tekton is now planning to auction further 80 wells for the further development of the areas. Of the drillings, tecton "net" 60 are due, as partners are involved in some drilling, but also co-finance them accordingly.
On the basis of previous drilling and knowledge of geology, an independent expert opinion of the renowned consulting firm Ryder Scott has already confirmed the attractiveness of the drilling project:
The table shows the estimated net reserves and key income figures from the categories “Proved”, “Probable” and “Possible” according to the reserve report. According to the appraisal, the stated reserves result in sales of USD 2,1 billion at full development of the areas, based on an assumed oil price of USD 82,49 per barrel and a gas price of USD 3,90 per thousand cubic feet. Future net income, defined as sales minus royalties from landowners, development costs including drilling and operating costs as well as local, sales-related taxes, amounts to USD 1,2 billion. Learn More
Facts and drawing
