Mannheim / Denver. Elster Oil & Gas (Elster) today published the production rates for new wells that started production from various wells in February and March. Elster holds a share of around 35% in these wells. In the first 30 days of stable production, Elster accounted for around 7.493 barrels of oil equivalent (BOE) per day, of which 6.055 barrels of oil (BO). There are a total of 25 holes one and a half, two and two and a half miles in length. The price of the production attributable to Elster has not yet been secured, so that the company will benefit in full from the increased oil price.

Cub Creek Energy, another holding of Deutsche Rohstoff in the US, reported a few days ago that it has started production from 16 horizontal wells, in which the company owns around 86%. The production results of the first 30 days of stable production of these holes will be published by Deutsche Rohstoff in June.

Mannheim, 30. April 2017

Deutsche Rohstoff identifies, develops and sells attractive natural resources in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold, copper, rare earths, tungsten and tin complete the portfolio. Further information at www.rohstoff.de