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08.07.2019 12:51:47

DGAP-News: Deutsche Rohstoff AG: Significant oil discovery in the Upper Rhine Valley

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Significant oil discovery in the Upper Rhine Valley

08.07.2019 / 12:51
The issuer is solely responsible for the content of this announcement.


Deutsche Rohstoff AG: Significant oil discovery in the Upper Rhine Valley

Mannheim. Rhein Petroleum GmbH has had a significant oil discovery in its recently drilled Steig-1 well, as the majority shareholder Tulip Oil reported in a press release published today. Rhein Petroleum had drilled the well in the Southern German region of Baden Wurttemberg in recent months and is currently testing it. The size and value of the deposit will be determined more precisely in the coming months. The planning for the development of this oil field has already begun.

(Anzeige)Passende neue Barrier Reverse Convertibles

Rhein Petroleum's shareholders are the Dutch company Tulip Oil Holding B.V., The Hague, with a 90% stake, and Deutsche Rohstoff AG, which holds 10% of the company.

Mannheim, 8th July 2019

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
Dr. Thomas Gutschlag
Tel. +49 621 490817 0
info@rohstoff.de



08.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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


Language: English
Company: Deutsche Rohstoff AG
Q7, 24
68161 Mannheim
Germany
Phone: 0621 490 817 0
Fax: 0621 490 817 22
E-mail: gutschlag@rohstoff.de
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 837717

 
End of News DGAP News Service

837717  08.07.2019 

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