Brief: Deutsche Rohstoff: Bright Rock Buys Land Package In Wyoming

Deutsche Rohstoff AG

02/06/2020 07:46

June 2 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * BRIGHT ROCK ACQUIRES LAND PACKAGE IN WYOMING
    * BRIGHT ROCK WILL BE OPERATOR FOR VAST MAJORITY OF ACRES
    * AROUND 40% OF ACREAGE IS "HELD BY PRODUCTION", I.E. AREA
IS
SECURED FOR LONG TERM WITHOUT FURTHER DRILLING OBLIGATIONS
    * TRANSACTION IS EXPECTED TO BE COMPLETED BY MID-JULY.
    * PURCHASE PRICE REFLECTS ALMOST EXCLUSIVELY VALUE OF
CURRENT
PRODUCTION BASED ON CURRENT FORWARD CURVE

Source text for Eikon:  ID:nEQ3X7lcka 
Further company coverage:  DR0G.DE 

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