Deutsche Rohstoff Ag: Tekton Energy reports approval of 55 wells
05.09.2012 | DGAP
Deutsche Rohstoff AG: Tekton Energy reports approval of 55 wells 3D Seismic being evaluated/Further development planned
Denver/Heidelberg. Deutsche Rohstoff AG's US-Oil subsidiary Tekton Energy
reported today that the Board of the town of Windsor has granted the
approval to drill an additional 55 wells from 4 different drill pads. This
decision combined with previous approvals will allow Tekton Energy to
effectively pursue the development of its Windsor acreage within the
Wattenberg Oil Field. Tekton is evaluating its recently-acquired 3D seismic
survey and is preparing a full development plan for its acreage including
the possible drilling of a large number of horizontal wells. Ideal well
spacing is being tested by large Wattenberg operators such as Anadarko and
Noble. The range of spacing being tested may result in over 50 Tekton
horizontal wells.
Heidelberg, 05 September 2012
Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on gold, oil & gas and so called
high tech metals such as tin, tungsten, and rare earth metals. All projects
are located in countries marked by political stability, the core area being
Germany. The business concept is based on redeveloping deposits which have
been well explored in the past. For more information please visit
www.rohstoff.de.
Contact:
Thomas Gutschlag
+49 6221 871 000
gutschlag@rohstoff.de
End of Corporate News
Unternehmen: Deutsche Rohstoff AG - ISIN: DE000A0XYG76