EQS-News: Deutsche Rohstoff AG: Reserve report 2024 - Value of oil and gas reserves increases despite record production in the previous year and sale of Utah assets
Deutsche Rohstoff AG today published the results of its annual oil & gas reserve reports.
- Deutsche Rohstoff AG today published the results of its annual oil & gas reserve reports.
- The reserve values are calculated using the oil price (WTI) and natural gas forward curve as of 31 December 2023.
- Proved developed producing reserves increased by 28% to 18.9 million BOE (52% oil) (previous year: 14.8 million BOE/42% oil).
- The discounted value of the producing wells amounts to USD 313 million as of 31 December 2023 (previous year: USD 246 million).