DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: New US oil and gas company founded

18.07.2018 / 14:15
The issuer is solely responsible for the content of this announcement.


Deutsche Rohstoff: New US oil and gas company founded

Mannheim/Denver. Deutsche Rohstoff has founded Bright Rock Energy LLC, a new oil and gas company based in Denver Colorado, USA. The company is managed by a team with extensive experience, particularly in the oil and gas fields in the Rocky Mountain region. Bright Rock Energy will acquire and develop undervalued oil and gas properties. The current focus is on the states of North Dakota, Wyoming and Utah.

The new company's CEO will be geologist Chris Sutton, who has more than 15 years of professional experience with US oil and gas companies. Most recently, Chris led a team at Crescent Point Energy US as Vice President of Exploration. Prior to that, he worked at Newfield Exploration and Rosetta Resources, among others.

Pam Bunz will join Bright Rock as VP Engineering. With 11 years of oil and gas industry experience, her strengths in acquisition/divestment valuation will be an important part of the team's know-how. Pam recently led an engineering team at Crescent Point Energy US.

The board of Bright Rock will include representatives of Deutsche Rohstoff AG and Jerry Sommer. Jerry had built up and sold Tekton Energy with great success.

Thomas Gutschlag, CEO of Deutsche Rohstoff AG, said: "We are pleased to have secured a very strong team with Chris Sutton and Pam Bunz. With their extensive experience, we are confident that we can build on the success of our other US oil and gas companies".

Mannheim, 18 July 2018

Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.

Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 621 490 817 0
info@rohstoff.de



18.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Deutsche Rohstoff AG
Q7, 24
68161 Mannheim
Germany
Phone: 0621 490 817 0
Fax: 0621 490 817 22
E-mail: gutschlag@rohstoff.de
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

705829  18.07.2018 

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