Deutsche Rohstoff AG: Successful placement of bond 2023/2028 EUR 100 million bond issue/Significantly oversubscribed/Cancellation of bond 2019/2024 Mannheim. Deutsche Rohstoff AG has successfully completed the placement of its corporate bond 2023/2028 with an issue volume of EUR 100 million. The volume is composed of subscriptions in the public [...]
Deutsche Rohstoff AG: Strong demand for new bond 2023/2028 Mannheim. Deutsche Rohstoff AG announces that the currently offered 7.5% bond is facing strong demand from institutional and private investors. The transaction is oversubscribed before the end of the subscription period on 25 September. The targeted issue volume of EUR 100,000,000 has [...]
Deutsche Rohstoff: Placement of a bond with 7.50% coupon p.a. Subscription period: 4 September 2023 to 25 September 2023 Bond volume up to EUR 100 million Use of funds: refinancing of existing bond 2019/2024 and further development of oil and gas business 2023 EBITDA of EUR 115 to 130 million expected Exchange offer for bond 2019/2024 Mannheim [...]
Deutsche Rohstoff announces its figures for the first half of 2023. Highlights in the first half of 2023: Record production of 10,533 BOE per day due to very strong operational development. Record revenues of EUR 75.1 million in the first half of the year despite sharp drop in oil and gas prices compared to previous year. Guidance for 2023 [...]
Deutsche Rohstoff AG has added another well-known address to its circle of analysts with Oddo BHF. The initial coverage was published today in English with a recommendation to buy and a target price of 40.00 EUR. In total, there are now four assessments of the Deutsche Rohstoff AG share, all of which are freely available on the company's website [...]
The oil and gas production of the Deutsche Rohstoff Group continues to develop as planned. The current development projects Lost Springs and Huckleberry have started production. Existing production is in line with expectations. So far in Q2, numerous wells essential to the 2023 and 2024 forecast have been completed. Most notably, these include the [...]
Deutsche Rohstoff AG has added another well-known address to its circle of analysts: AlsterResearch. The initial coverage was published today in English with a recommendation to buy and a target price of EUR 47.10 for the share. In total, there are now three assessments of the Deutsche Rohstoff AG share, which are freely available on the company's [...]
Deutsche Rohstoff Group generated earnings of EUR 14.6 million in the first quarter of 2023, corresponding to EUR 2.86 per share. The start into the new year was very successful with the following highlights: Revenue of EUR 42.7 million, more than 50% higher than in the previous year EBITDA at EUR 32.3 million also significantly above previous year [...]
1876 Resources signed a purchase and sale agreement and simultaneously closed on the acquisition of existing gas gathering pipeline infrastructure on its Powder River Basin acreage in Wyoming. Under the purchase agreement, approximately 59.3 kilometers of pipeline and surface tanks and equipment will be acquired. The pipeline connects all of 1876 [...]
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. On track for 2023 to produce well above 10,000 BOEPD Knight production in Q1 approximately 15% above reserve estimate Utah production in Q1 was approximately 30% above reserve [...]