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Deutsche Rohstoff AG: Bright Rock grows proved reserves in Utah by 45% - Seite 2

The economics of individual wells in the Uinta Basin are among the best in the U.S. Well economics should continue to improve as operators move to fully develop certain areas of the field. Experience shows that as more wells are drilled, costs decrease significantly while productivity increases.

Chris Sutton, CEO of Bright Rock Energy, commented: "While our performance in growing proven reserves in Utah is impressive, we are particularly excited about the value that will emerge when the Basin is fully developed in the coming years."

In addition to the acreage secured in the Uinta Basin, Bright Rock Energy also owns an acreage position of approximately 26,000 acres (105 square kilometers) in the Powder River Basin in Wyoming. Daily net production there currently amounts to about 200 barrels of oil.

Mannheim, 17 February 2021

Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten complete the portfolio. Further information can be found at www.rohstoff.de

Contact
Deutsche Rohstoff AG
Dr. Thomas Gutschlag, CEO
Phone [phone]
[e-mail]

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17.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	Deutsche Rohstoff AG
	Q7, 24
	68161 Mannheim
	Germany
Phone:	0621 490 817 0
Fax:	0621 490 817 22
E-mail:	[e-mail]
Internet:	www.rohstoff.de
ISIN:	DE000A0XYG76, DE000A1R07G4,
WKN:	A0XYG7, A1R07G
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1168973