Deutsche Rohstoff AG Sees 46% Increase in Oil and Gas Reserves

Deutsche Rohstoff AG has announced a significant increase in its oil and gas reserves, with a 46% rise to 79 million barrels of oil equivalent (BOE). This growth is primarily driven by successful developments in Wyoming. The net present value (NPV) of these reserves, calculated at USD 60 per barrel of WTI crude, stands at USD 542 million. This marks a 38% increase compared to the previous year's USD 394 million.

In addition, the producing wells have generated a net cash flow of USD 675 million, with an NPV of USD 393 million. The company's future net cash flow from proved and probable reserves is expected to reach approximately USD 1.5 billion, marking an increase of USD 460 million from the previous year. The development of new wells and increased well density are key contributors to this positive reserve development.