DGAP-News: Deutsche Rohstoff AG: Tekton Energy reports three more sucessful oil wells
(firmenpresse) - DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Tekton Energy reports three more sucessful oil
wells
12.03.2012 / 08:37
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Deutsche Rohstoff AG: Tekton Energy reports three more successful oil wells
All six wells successful /Start of production already planned for early
April
Denver/Heidelberg. Deutsche Rohstoff AG (DRAG) has achieved another
drilling success through its subsidiary company Tekton Energy in the U.S.
State of Colorado. As part of the first drilling campaign, which the
company had started in the Windsor/Wattenberg project north of Denver in
early February, three more vertical wells were drilled in different
directions from the second well site ('Pavistma pad'). All three wells were
successful again. Altogether, Tekton has now been able to drill six
successful wells.
Jerry Sommer, CEO of Tekton Energy, said: 'We continue to validate our
geological model. So far, the results have exactly met our expectations. We
are very confident that the remaining wells will also prove reserves as our
model suggests'.
By mid-year, ten holes shall be drilled from different drill sites and
brought to production. By then, an independent expert's reserve calculation
will be available. Drilling of the next three wells operated by Tekton is
planned for the end of April from a well pad near the previously drilled
wells ('Frye Farms pad'). Tekton will in the meantime focus on the start of
production of the first six vertical wells. Production from the first three
wells is planned for early April, the second three wells shall follow
thereafter.
Heidelberg, 12 March 2012
Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on gold, oil&gas and so called
high tech metals such as tin, tungsten, and rare earth metals. All projects
are located in countries marked by political stability, the core area being
Germany. The business concept is based on redeveloping deposits which have
been well explored in the past. For more information please visit
www.rohstoff.de.
Kontakt:
Thomas Gutschlag
+496221 871 000
gutschlag(at)rohstoff.de
End of Corporate News
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160109 12.03.2012
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Datum: 12.03.2012 - 08:37 Uhr
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