For the full year 2022, Deutsche Rohstoff Group generated revenue of EUR 165.4 million, earnings before interest, taxes, depreciation and amortization of EUR 139.1 million and net income of EUR 66.2 million or EUR 13.22 per share. Revenue and EBITDA are thus within the increased guidance range published in December. Overall, the guidance was [...]
Deutsche Rohstoff AG provided an overview of the operational development in 2022 and the outlook for 2023. In line with the forecast, 2022 was a record year for Deutsche Rohstoff in terms of sales and earnings. At the same time, the production base also reached a new level and represents an optimal basis for the coming years. Some highlights of the [...]
Deutsche Rohstoff AG announced, that the outstanding convertible bond will be repaid on schedule at the end of March. On Wednesday, 8 February 2023, the official conversion period for the bond expired. Over the past 12 months, bondholders have exercised the right to convert with a volume of EUR 0.89 million. Thus, 31,964 new shares have been [...]
Deutsche Rohstoff AG today published the value of oil and gas reserves in its US subsidiaries as of 31 December 2022: Present value of proved reserves of USD 352 million Future net cash flow of proved reserves USD 650 million Proved Developed Producing net present value of USD 246 million Future cash flow from PDP wells USD 351 million 35.7 million [...]
Deutsche Rohstoff AG and its Australian partner SensOre have established the Australian subsidiary Exploration Ventures AI Pty Ltd . The company is focused on the exploration of lithium in Western Australia. Deutsche Rohstoff AG will hold a 70% share in the company. Since formation, EXAI has already secured three early-stage exploration projects [...]
Deutsche Rohstoff AG's oil and gas activities continue to develop very positively. For the full year, production will be around 9,600 BOEPD, the strongest production year to date with the highest sales and EBITDA since the company was founded. The forecast for 2022 was already increased for the third time at the beginning of December due to the [...]
British Beacon Energy plc acquires Rhein Petroleum/Deutsche Rohstoff receives shares and a revenue share Mannheim. The UK-based company Beacon Energy plc announced today that it has acquired all of the shares in Rhein Petroleum GmbH from Deutsche Rohstoff AG and Tuilp Oil Holding. As part of the sale, Deutsche Rohstoff will receive a share in [...]
The Management Board of Deutsche Rohstoff AG invites you to the second virtual Capital Markets Day on 16 November 2022 from 10.00 am to 12.00 pm and looks forward to the dialogue with capital market participants. The main topics will be: Development in the US - Perspectives for Deutsche Rohstoff AG Economics of oil & gas development in Wyoming [...]
Deutsche Rohstoff Group today published its Q3 2022 report, confirming the figures already announced. In the first 9 months of 2022, revenues of EUR 118.2 million , earnings before interest, taxes, depreciation and amortization of EUR 102.3 million and consolidated net income of EUR 52.6 million were achieved. The report is now available on the [...]
Deutsche Rohstoff AG: Redemption of 127,810 repurchased shares and respective capital decrease Mannheim. The Management Board of Deutsche Rohstoff AG has resolved, with the consent of the Supervisory Board, using the authorization of the Company's Annual General Meeting of 28 June 2022, to redeem 127,810 own shares, which were acquired in the [...]
Deutsche Rohstoff AG's oil and gas activities are progressing according to plan. Existing production is delivering the expected results, while at the same time numerous wells will start production according to plan and new drilling programs will be launched in the coming months. The strong operational development secures the forecast for 2022 and [...]
Deutsche Rohstoff AG announced the appointment of a new Chief Financial Officer. The position will be taken over by Mr. Henning Doering as of 1 October 2022. After Thomas Gutschlag left the Executive Board at the end of June, Jan-Philipp Weitz had since then performed the tasks of CEO and CFO in personal union. Henning Doering, 45, began his [...]