DGAP-News: Deutsche Rohstoff AG: Bright Rock Announces Strong Results from its Buster Well in Wyoming
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DGAP-News: Deutsche Rohstoff AG
/ Key word(s): Miscellaneous
Deutsche Rohstoff AG: Bright Rock Announces Strong Results from its Buster Well in Wyoming Mannheim/Denver. Bright Rock Energy today announced production results from its new oil and gas well in Converse County, Wyoming. The Buster well was drilled horizontally into the Niobrara formation. The well showed strong results in its first full month of production, averaging 864 barrels of oil (bopd) per day in November. This production result is higher than that of neighboring wells and meets expectations. Results to date indicate that well production in Bright Rock's core 20,000 acre land position is repeatable and therefore predictable. There were no significant technical issues during drilling and completion. Costs are expected to be within the estimate and are substantially less than the cost of drilling conducted on the land prior to Bright Rock's acquisition. Mannheim, 7 December 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
07.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Deutsche Rohstoff AG |
| Q7, 24 | |
| 68161 Mannheim | |
| Germany | |
| Phone: | 0621 490 817 0 |
| Fax: | 0621 490 817 22 |
| E-mail: | [email protected] |
| 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: | 1254828 |
| End of News | DGAP News Service |
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1254828 07.12.2021
Deutsche Rohstoff AG Stock
Currently there is a rather positive sentiment for Deutsche Rohstoff AG with 4 Buy predictions and 0 Sell predictions.
With a target price of 41 € there is a slightly positive potential of 9.63% for Deutsche Rohstoff AG compared to the current price of 37.4 €.
