DGAP-Adhoc: Deutsche Rohstoff AG: Cub Creek Energy acquires

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
DGAP-Adhoc: Deutsche Rohstoff AG: Cub Creek Energy acquires 1,500 net acres additional ground in the Wattenberg area

Deutsche Rohstoff AG / Key word(s): Miscellaneous 10.08.2016 09:16 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche Rohstoff: Cub Creek Energy acquires 1,500 net acres additional ground in the Wattenberg area Permitting will commence immediately Heidelberg/Denver. Cub Creek Energy (CCE) signed an agreement with a privately held local oil & gas company in Colorado that will allow the company to develop a significant acreage position over the coming years. Subject to final evaluation of leasehold ownership Cub Creek is expecting to be able to develop an additional 1,500 net acres in the Western part of the Denver Julesberg Basin oil field in Colorado. Cub Creek has again managed to enter into a deal structure that does not include any upfront payment to the current owner of the leased acreage, instead a royalty will be paid to the owner upon production start of the oil & gas wells. Depending on the determination of drilling locations and the optimal outline of future wells based on geological and economic considerations the company is expecting to be able to drill up to an additional 50 two mile oil & gas wells. The company will immediately start undertaking regulatory and technical efforts to develop the new acreage. The asset is relatively concentrated and regional strategic when referencing the existing projects of Cub Creek and Elster Oil & Gas, the two US subsidiaries of Deutsche Rohstoff. Bob Gardner, CEO and President of Cub Creek Energy, commented: "We are pleased that we were able to secure more development acreage in Wattenberg. Our drilling inventory will significantly increase over the coming months. Another big step forward for our continuously developing company." Heidelberg, 10 August 2016 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 Thomas Gutschlag Tel. +49 6221 871 000 info@rohstoff.de 10.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Rohstoff AG Friedrich-Ebert-Anlage 24 69117 Heidelberg Germany Phone: 06221-87100-11 Fax: 06221-87100-22 E-mail: gutschlag@rohstoff.de Internet: www.rohstoff.de ISIN: DE000A0XYG76, DE000A1R07G4, WKN: A0XYG7, A1R07G Indices: Entry Standard (Performance TOP 30) Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Weifang's Cultural Resurgence: A Global Epigraphy Fest

Updated Category News Views 57

A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...

Continue Reading
Hyliion Class Action Deadline Nears for Investors

Updated Category News Views 66

Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...

Continue Reading
Masimo's smartSET™ Revolutionizes Patient Monitoring

Updated Category News Views 48

Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...

Continue Reading
Voter Events by Valley Community Healthcare Aim to Empower

Updated Category News Views 45

Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....

Continue Reading
AEVEX Facing Class Action Deadline Amid Stock Turmoil

Updated Category News Views 52

Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...

Continue Reading
LG OLED evo W6: UAE Roadshow Starts with a Bang

Updated Category News Views 61

They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...

Continue Reading
Innventure Faces Major Lawsuit Over Misleading Investors

Updated Category News Views 72

Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...

Continue Reading

Top 5 Most Recently Viewed Articles

Gabelli Global Utility & Income Trust Announces New Put Date

Updated Category News Views 82

Gabelli Global Utility & Income Trust Enhances Shareholder Flexibility The Gabelli Global Utility & Income Trust has made a significant announcement regarding its Series B Cumulative Puttable and Callable Preferred Shares, often referred to as Series B Preferred. The Board of Trustees has approved June 26, 2025, as an additional put date. This new option provides enhanced...

Continue Reading
Also Sophia Expands Exciting Ramadan & Eid Decor Collection

Updated Category News Views 290

Also Sophia Unveils New Ramadan and Eid Decor Collection As the festive season of Ramadan approaches, Also Sophia marks a significant milestone by launching a splendid new home decor collection tailored for this special occasion. This collection, designed to enhance the spirit of Ramadan and Eid, is now available at major retail outlets throughout Canada. Strengthening...

Continue Reading
Atlassian (TEAM) Shares Surge After Positive Earnings Report

Updated Category News Views 79

Atlassian Shares See Notable Gains Following Earnings Release Atlassian shares are experiencing an impressive rise following the company's recent announcement regarding its earnings for the first quarter of 2025. Investors reacted positively to the report, with shares climbing significantly as the news spread. Financial Highlights from the Earnings Report In the latest...

Continue Reading
Exploring the Recent Movement in Hewlett Packard Enterprise Stock

Updated Category News Views 187

Overview of Hewlett Packard Enterprise's Recent Developments Hewlett Packard Enterprise Co (NYSE: HPE) shares have seen upticks in trading activity recently, signaling a noteworthy moment for the company. The increase comes on the heels of HPE becoming one of the initial firms to adopt the cutting-edge AI rack-scale architecture developed by Advanced Micro Devices Inc...

Continue Reading
Sutter Health Secures $70 Million NIH Grant for Aging Research

Updated Category News Views 80

Sutter Health Secures Major NIH Funding for Aging Research Sutter Health has recently announced that its esteemed researchers will benefit from a significant $21 million slice of a $67.7 million grant awarded by the U.S. National Institutes of Health (NIH). This grant is instrumental for the continuation of the Study of Muscle, Mobility, and Aging (SOMMA), a pioneering...

Continue Reading