DGAP-Adhoc: Deutsche Rohstoff AG: Cub Creek Energy acquires 1,500 net acres additional ground in the Wattenberg area

Deutsche Rohstoff AG  / Key word(s): Miscellaneous

10.08.2016 09:16

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Deutsche Rohstoff: Cub Creek Energy acquires 1,500 net acres additional
ground in the Wattenberg area
Permitting will commence immediately

Heidelberg/Denver. Cub Creek Energy (CCE) signed an agreement with a
privately held local oil & gas company in Colorado that will allow the
company to develop a significant acreage position over the coming years.
Subject to final evaluation of leasehold ownership Cub Creek is expecting
to be able to develop an additional 1,500  net acres in the Western part of
the Denver Julesberg Basin oil field in Colorado. Cub Creek has again
managed to enter into a deal structure that does not include any upfront
payment to the current owner of the leased acreage, instead a royalty will
be paid to the owner upon production start of the oil & gas wells.

Depending on the determination of drilling locations and the optimal
outline of future wells based on geological and economic considerations the
company is expecting to be able to drill up to an additional 50  two mile
oil & gas wells. The company will immediately start undertaking regulatory
and technical efforts to develop the new acreage. The asset is relatively
concentrated and  regional strategic when referencing the existing projects
of Cub Creek and Elster Oil & Gas, the two US subsidiaries of Deutsche
Rohstoff.

Bob Gardner, CEO and President of Cub Creek Energy, commented: "We are
pleased that we were able to secure more development acreage in Wattenberg.
Our drilling inventory will significantly increase over the coming months.
Another big step forward for our continuously developing company."

Heidelberg, 10 August 2016

Deutsche Rohstoff identifies, develops and divests attractive resource
projects in North America, Australia and Europe. The focus is on the
development of oil and gas opportunities within the United States. Metals,
such as gold, copper, rare earth elements, tungsten and tin complete our
portfolio. For more information please visit www.rohstoff.de.

Contact:

Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
info@rohstoff.de


10.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Deutsche Rohstoff AG
              Friedrich-Ebert-Anlage 24
              69117 Heidelberg
              Germany
Phone:        06221-87100-11
Fax:          06221-87100-22
E-mail:       gutschlag@rohstoff.de
Internet:     www.rohstoff.de
ISIN:         DE000A0XYG76, DE000A1R07G4, 
WKN:          A0XYG7, A1R07G
Indices:      Entry Standard (Performance TOP 30)
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart,
              Tradegate Exchange; Open Market (Entry Standard) in Frankfurt
 
End of Announcement                             DGAP News-Service
 
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