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Deutsche Rohstoff AG: Vail Pad with increasing production

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Vail Pad with increasing production

29.12.2016 / 08:30
The issuer is solely responsible for the content of this announcement.

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Deutsche Rohstoff: Vail Pad with increasing production
Markham Pad commences flowback/More bonds placed

Mannheim/Denver. Cub Creek Energy (CCE) produced an average of 4,501 BOEPD
(barrel oil equivalent per day) (3,875 BOPD- barrels of oil per day) from
its Vail pad over the last 14 days. This means that production was 26 %
percent higher than reported on 16 December with respect to BOPD and 49 %
above performance projections. Line pressure has been lower, most of the
days CCE was therefore able to produce the nine wells at full capacity. The
recent 30 day average of the pad amounts to 4,009 boepd (oil: 3,448 bopd).

In the meantime CCE has commenced flowback from its Markham pad. Over the
next few days all 12 wells will come online. CCE will report the production
rates of the first month of production in February 2017.

Deutsche Rohstoff AG has placed an additional nominal value of EUR 10.1
million of its bond 2016/2021 (ISIN DE000A2AA055). An amount of EUR 50.7
million is now outstanding. There are no plans to further increase the
volume. Deutsche Rohstoff was supported by ICF Bank AG in this transaction.

Mannheim, 29 December 2016

Deutsche Rohstoff identifies, develops and divests attractive resource
projects in North America, Australia and Europe. The focus is on the
development of oil and gas opportunities within the United States. Metals,
such as gold, copper, rare earth elements, tungsten and tin complete our
portfolio. For more information please visit www.rohstoff.de.

Contact:

Deutsche Rohstoff AG
Thomas Gutschlag
Tel. [phone]
[e-mail]


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29.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Deutsche Rohstoff AG
N1, 1 (Stadthaus), 3. Etage
68161 Mannheim
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Entry Standard (Performance TOP 30)
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt



End of News DGAP News Service
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533195 29.12.2016