DGAP-News: Deutsche Rohstoff AG: First well in Wyoming starts with the production of oil and gas

Deutsche Rohstoff AG: First well in Wyoming starts with the production of oil and gas

Mannheim/Denver. Bright Rock Energy has begun producing oil and gas from its first well on its last year acquired acreage in the state of Wyoming. Production started slightly earlier than originally planned. The well was completed without any problems and on budget.

The results will provide important insights for the development of the very extensive acreage held by Bright Rock in the Powder River Basin. Concurrent with the drilling, the management has begun applying for permits for additional drilling in recent months. A major drilling program could commence by mid-2022.

Cub Creek will start production from the twelve Knight wells in Colorado by mid-November. The wells have now been completed. At the moment, final work such as connection to oil and gas pipelines as well as setting up the surface equipment is taking place. This extensive drilling program was also completed on time and on budget.

Mannheim, 27 October 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 +49 621 490 817 0

[email protected]