EQS-News 197 0 Kommentare Deutsche Rohstoff AG: Significant increase in proved oil and gas reserves - Seite 2

The increase in proved reserves comes in large part from the Joint Venture at Salt Creek, as well as the upgrading of some probable reserves to proved reserves at the other subsidiaries.

Assuming a constant oil price of USD 60/barrel and gas price Henry Hub of USD 3.0, the PV10 of proved reserves is USD 214 million and the total value of reserves is USD 219 million. Assuming 80 USD/barrel and USD 4.0 gas price over the production life, the value of proved reserves increases to USD 468 million and the value of total reserves to USD 563 million.

The valuation of reserves is carried out for the major subsidiaries (approximately 90% of reserves) by independent reserve auditors using standards accepted by the U.S. Securities and Exchange Commission (SEC). Recent high inflation in capital expenditures for drilling and also in operating costs has been considered in accordance with SEC guidelines and is assumed as part of the reserve appraisals for subsequent years as well. The Company is convinced that cost reductions will remain feasible in the future and that this will result in additional potential.

A detailed overview is available on the Deutsche Rohstoff website at www.rohstoff.de.

Mannheim, 7 February 2023

Deutsche Rohstoff identifies, develops and disposes of 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 round o. ut the portfolio. Further information at www.rohstoff.de.

Contact
Deutsche Rohstoff AG
Phone +49 621 490 817 0
info@rohstoff.de

07.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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:	gutschlag@rohstoff.de
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:	1553747