Deutsche Rohstoff AG
Deutsche Rohstoff AG: Elster Oil & Gas reports asset sale
Deutsche Rohstoff AG / Key word(s): Disposal 30-Dec-2016 / 22:09 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche Rohstoff: Elster Oil & Gas reports asset sale Mannheim. Elster Oil & Gas (EOG), a 93% subsidiary of Deutsche Rohstoff, sold its royalties over different wells close to the township of Windsor for $ 1.56 million. The royalties were originally part of the portfolio of former Tekton Energy. In addition to the sales price, EOG received over $ 400.000 in revenue from July to November production. As EOG has activated no value for these royalties, the sales price will be fully booked as profit. Mannheim, 30 December 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 --------------------------------------------------------------------------- 30-Dec-2016 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Rohstoff AG N1, 1 (Stadthaus), 3. Etage 68161 Mannheim 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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