Luxembourg, 15 December 2016: The Deutsche Oel & Gas Group can look back on a successful drilling season in 2016.
In addition to implementing the exploration plan approved by the Department of Natural Resources (DNR) in full, daily natural gas production was also successfully doubled, as planned.
“With a current daily output of around 20 million cubic feet, we are already the second-largest private natural gas producer in the entire Cook Inlet,” said Kay Rieck, Chairman of the Board of Directors of Deutsche Oel & Gas S.A. “Since starting production at the end of November 2015 we have produced a total of more than three billion cubic feet of natural gas. We achieved our highest daily revenue to date in mid-November 2016, producing and selling more than 23 million cubic feet of natural gas.”