Brief: Deutsche Rohstoff Says Current US Drilling Program Well Below Budget

Deutsche Rohstoff AG

16/10/2019 07:38

Oct 16 (Reuters) - Deutsche Rohstoff AG  DR0G.DE :
    * DGAP-NEWS: DEUTSCHE ROHSTOFF AG: CURRENT US DRILLING PROGRAM WELL BELOW BUDGET
    * ORIGINAL BUDGET OF USD 59 MLN FOR ENTIRE DRILLING PROGRAM WILL BE UNDERCUT BY AROUND USD
10 MLN
    * NEW BOND CONTEMPLATED
    * IS CONSIDERING PLACING A NEW CORPORATE BOND IN COMING MONTHS
    * NEW FUNDS FROM BOND COULD ACCELERATE EXPANSION IN USA

Source text for Eikon:  ID:nEQ8SsGn8a 
Further company coverage:  DR0G.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))