Deutsche Rohstoff’s (DR0) main focus is the development of oil and gas production in the US. At end FY18, DR0 held interests in 44 operated horizontal wells and 40 non-operated wells in Colorado, with minor interests in numerous wells in North Dakota and Utah. DR0 almost doubled production from 5.1kboed in FY17 to 9.6kboed in FY18. A c $60m drilling campaign was initiated in Q219 at Cub Creek, Colorado. FY18 was marked by the $59.6m sale of Salt Creek, delivering c 40% ROIC. D
05 Sep 2019
Deutsche Rohstoff - Cub Creek wells on budget and on target
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Deutsche Rohstoff - Cub Creek wells on budget and on target
Deutsche Rohstoff’s (DR0) main focus is the development of oil and gas production in the US. At end FY18, DR0 held interests in 44 operated horizontal wells and 40 non-operated wells in Colorado, with minor interests in numerous wells in North Dakota and Utah. DR0 almost doubled production from 5.1kboed in FY17 to 9.6kboed in FY18. A c $60m drilling campaign was initiated in Q219 at Cub Creek, Colorado. FY18 was marked by the $59.6m sale of Salt Creek, delivering c 40% ROIC. D