Deutsche Rohstoff AG: Elster releases results from initial production
Mannheim/Denver. Elster Oil & Gas (Elster) published today the production results for new wells which were drilled from mulitiple pads and commenced production in February and March. Elster's average working interest in these wells are approximately 35%. During the first 30 days of stable production Elster reached total net production of 7.493 barrels of oil equivalent per day (6.055 barrels of oil per day). The production comes from 25 wells with 1,5, 2 and 2,5-mile lateral lengths. Elster's production has not been hedged yet. Cub Creek Energy (CCE), another US-subsidiary of Deutsche Rohstoff, had reported a few days ago that it started with the production of 16 additional horizontal wells. CCE owns an 86% working interest in these wells. The results of the first 30 days of stable production will be published by Deutsche Rohstoff in June.
Mannheim, 30 April 2017
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.
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Deutsche Rohstoff AG
Thomas Gutschlag
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info@rohstoff.de