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 [...]
Completion of the merger of Almonty with Woulfe / total financing CAD 7,78 million September 11, 2015 Heidelberg / Toronto. Almonty Industries announced today that the merger with Woulfe Mining has been successfully completed. At the same time, the company closed a $ 7,78 million financing. As part of this financing, Deutsche Rohstoff AG subscribed to a convertible bond in the amount of [...]
BY DEUTSCHE ROHSTOFF ON FEBRUARY 25, 2015 Heidelberg / Toronto. Deutsche Rohstoff and Almonty Industries announce that they have concluded an agreement with which all claims under the provisions of the share purchase agreement (SSA) of September 22, 2014 are now fully settled. According to this agreement, the amount of the convertible bond that Deutsche Rohstoff AG received as part of the sale of Almonty is reduced [...]
BY DEUTSCHE ROHSTOFF ON JUNE 30, 2014 Sales price 18 million Canadian dollars / participation in the larger tungsten producer Heidelberg / Toronto. Deutsche Rohstoff AG today signed an agreement to sell all shares in the Australian companies Wolfram Camp Mining and Tropical Metals, which it holds 100%. The companies operate the Wolfram Camp tungsten and molybdenum mine in Queensland / Australia. The buying price […]
May 28, 2014 by Robin Bromby At the "Latin America Down Under Conference" in Sydney, Latin American representatives from Financing houses and geological institutes, as well as high-ranking politicians from Mexico, Peru, Colombia, Venezuela, Bolivia and Nicaragua are meeting to show the interest in Australian companies. The visitor list reads like a who's who of Latin American [...]
BY DEUTSCHE ROHSTOFF ON MAY 30, 2014 Net inflow of a total of USD 220 million / option to a further USD 60 million in Heidelberg / Denver. Tekton Energy has announced the completion of the examination phase by the buyer, the previous cooperation partner Extraction Oil & Gas from Denver. The sale of the Windsor project is now complete. In addition to the advance payment of 18 [...]
BY DEUTSCHE ROHSTOFF ON MAY 16, 2014 ADD COMMENT Heidelberg. Rhein Petroleum GmbH, a 10% stake of Deutsche Rohstoff AG, announced today that after the completion of the first productivity tests, its two wells "Stockstadt 2001" and "Allmend 1" in Riedstadt-Crumstadt are temporarily suspended, subject to further work. The procedure known as "locking in" secures the drilling and [...]
BY DEUTSCHE ROHSTOFF ON APRIL 30, 2014 250.761 BOE in the first quarter / completion of the sale on or before May 30 expected Heidelberg / Denver. Tekton Energy announced today that in the first quarter of 2014 a total of 250.761 barrels of oil equivalent (BOE) were produced from the wells operated by Tekton. After deducting the shares of partners and the taxes on landowners, [...]
40.000 tons of tin possible / Preparations for dismantling in Gottesberg are progressing Heidelberg / Chemnitz. Chemnitz-based Sachsenzinn GmbH, a subsidiary of Deutsche Rohstoff AG, has received a positive assessment of the tin deposits in Sadisdorf in the Eastern Ore Mountains from the renowned Australian engineering office CSA Global (www.csaglobal.com). After reviewing the historical data, CSA assumes that it is possible in the [...]
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