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DGAP-Adhoc: Deutsche Rohstoff AG:

| Quelle: Dow Jones Newsw... | Lesedauer etwa 3 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-Ad-hoc: Deutsche Rohstoff AG / Key word(s): 9 Month figures/Change in
Deutsche Rohstoff AG:

07-Nov-2019 / 20:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Deutsche Rohstoff: 9-month report published

*Mannheim*. In the first nine months of the financial year, Deutsche
Rohstoff Group generated sales of EUR 31.2 million (previous year: EUR 88.4
million), earnings before interest, taxes, depreciation and amortisation
(EBITDA) of EUR 19.2 million (previous year: EUR 79.5 million) and net
profit of EUR 2.4 million (previous year: EUR 15.2 million). The report will
shortly be available on www.rohstoff.de [1].

Management expects that the financial result for 2019 will be in line with
the forecasted range. Due to production constraints and very low realized
gas and natural gas liquid prices, revenues and EBITDA are expected to be at
the low end of the range. The expected cost of the placement of the today
announced 100 million Euro 5.25% coupon bond, which until now have not been
part of the forecast may lead to the EBITDA being slightly below the lower
range of the guidance. The net result for 2019 is still expected to be
positive. The forecast for 2020 remains unchanged as well.

In the third quarter, the US subsidiaries produced a total of 0.3 million
BOE (barrel oil equivalent), of which 0.12 million barrels are oil,
equivalent to 3.219 BOE per day. In October, the production was already
about 40% higher than in the third quarter and averaged around 4.500 BOE per
day. Accordingly, the Executive Board expects an increase in the total
production of all subsidiaries in the fourth quarter compared to the third

In the first nine months, production per day amounted to 4.676 BO and a
total of 1.27 million barrels oil equivalent (0.53 million barrels oil). As
already expected in the half-year report, production at the subsidiary
Elster Oil & Gas fell sharply in the third quarter, as some of the wells
could not produce the entire quarter due to infrastructure constraints of
operators for refineries and pipelines within the Wattenberg field.

For a definition of EBITDA, please refer to the homepage of Deutsche
Rohstoff AG at https://rohstoff.de/en/apm/ [2].

Mannheim, 7 November 2019

*Deutsche Rohstoff* identifies, develops and sells attractive raw material
deposits in North America, Australia and Europe. The focus is on the
development of oil and gas deposits in the USA. Metals such as gold, copper,
rare earths, tungsten and tin complete the portfolio. Further information
can be found at www.rohstoff.de [1]


Deutsche Rohstoff AG
Dr. Thomas Gutschlag, CEO
Phone +49 621 490 817 0

07-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Deutsche Rohstoff AG
Q7, 24
68161 Mannheim
Phone: 0621 490 817 0
Fax: 0621 490 817 22
E-mail: gutschlag@rohstoff.de
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate
EQS News ID: 907863

End of Announcement DGAP News Service

907863 07-Nov-2019 CET/CEST

1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8ff34031b60f4238d88ae9f1a9a79b3a&application_id=907863&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3d353e339f4e5e0883f4682bdcf9af7a&application_id=907863&site_id=vwd&application_name=news

(END) Dow Jones Newswires

November 07, 2019 14:40 ET ( 19:40 GMT)

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