EQS-Ad-hoc: Deutsche Rohstoff AG / Key word(s): Disposal Deutsche Rohstoff AG: Salt Creek Oil & Gas sells Utah assets 14-Nov-2023 / 22:53 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Salt Creek Oil & Gas sells Utah assets End of Inside Information
Information and Explanation of the Issuer to this announcement: Explanatory part The transaction is subject to the usual reservations regarding the review of the buyers and purchase price adjustment rules. All parties expect the transaction to be completed by the end of the year. The parties have agreed to not release further details on the sale price. The adjustment of the forecast is also based on the assumption that the contractually defined closing of the transaction will take place by the end of 2023. If the closing is postponed to 2024, the effects of the forecast adjustment may also be postponed. The areas in Utah were initially acquired as well as developed by Bright Rock Energy LLC at the end of 2018 and sold to Salt Creek Oil & Gas LLC, which is responsible for various non-operated areas of the Group, last year. Jan-Philipp Weitz, CEO of Deutsche Rohstoff AG, commented: “With the sale of the acreage in Utah, we have once again achieved a major success. This transaction underlines the positive development of recent years and the high value of our oil and gas production. In addition, this transaction once again demonstrates the high liquidity of US oil and gas assets and the ability to divest assets profitably, without having a negative effect on the other parts of the US business. As a result of this gain, 2023 would again exceed the record net income and earnings per share of the previous year.” For the definition of EBITDA, please refer to the website of Deutsche Rohstoff AG at https://rohstoff.de/en/apm/. Mannheim, 14 November 2023 Contact Deutsche Rohstoff AG Phone +49 621 490 817 0 info@rohstoff.de 14-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | Deutsche Rohstoff AG |
Q7, 24 | |
68161 Mannheim | |
Germany | |
Phone: | 0621 490 817 0 |
E-mail: | info@rohstoff.de |
Internet: | www.rohstoff.de |
ISIN: | DE000A0XYG76 |
WKN: | A0XYG7 |
Indices: | Scale |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1772297 |
End of Announcement | EQS News Service |
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1772297 14-Nov-2023 CET/CEST