EQS-News: Deutsche Rohstoff AG: On track for record production in 2023 after first quarter
Deutsche Rohstoff AG provides an overview of the highlights of its operating performance in the first quarter of 2023:
- Deutsche Rohstoff AG provides an overview of the highlights of its operating performance in the first quarter of 2023:
Production in Q1 around 7% above expectations. - Utah production in Q1 was approximately 30% above reserve estimate, well ahead of plan
In the first quarter of the year, production was approximately 10,500 BOEPD, slightly above management's expectations. - With this production, the Group is on track for the expected annual production of well over 10,000 BOEPD.
- In the 2nd and 3rd quarter in particular, numerous well pads will start production and further increase production.