DGAP-News: Deutsche Rohstoff AG:
(firmenpresse) - DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG:
07.05.2012 / 12:00
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Deutsche Rohstoff AG: Tekton Energy reports about first month of production
61 barrel of oil equivalent per well/Liquids account for 91% of revenue
Denver/Heidelberg. Tekton Energy reported today about its first month of
production of oil and gas in its Windsor project, part of the Wattenberg
field in Colorado. Three wells drilled in early February from the Rancho
pad were connected to the existing infrastructure during February and March
and commenced production on April 7th 2012. During the month of April, the
three wells produced an average of 61 barrels of oil equivalent per day
(BOEPD) per well, which is significantly better than predicted. Of the 61
BOEPD, oil and NGL accounted for 91% of production revenue with the
remaining 9% consisting of natural gas.
Three more wells, drilled from the Pavistma pad in the second half of
February, will commence production in the next two weeks. Drilling from
Tekton's Frye Farm pad for another three vertical wells will start in the
first half of May.
By mid-year, ten net holes shall be drilled from different drill sites and
brought to production. By then, an independent expert's reserve calculation
will be available. In addition to the currently executed vertical drilling
campaign, Tekton is preparing a horizontal drilling program.
Heidelberg, 07 May 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.
Contact:
Thomas Gutschlag
gutschlag(at)rohstoff.de
+49 6221 871 000
End of Corporate News
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Datum: 07.05.2012 - 06:00 Uhr
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