Luxembourg, 23 December 2016: Deutsche Oel & Gas I S.A. hereby announces that during
Luxembourg, 15 December 2016: The Deutsche Oel & Gas Group can look back on a successful drilling season in 2016.
Start of production planned for 2017 Exploration activities proceeding as planned
Production volume of up to 30 million cubic feet of gas a day Preparations under way for second well in 2016
First of two wells planned for 2016 successfully drilled Potential production volume of up to 30 million cubic feet a day
First exploration well has a target depth of around 2,100 metres
Luxembourg, 11 May 2016: The Deutsche Oel & Gas Group is currently making its final preparations for the start of the 2016 drilling season.
Luxembourg, 26 April 2016: Deutsche Oel & Gas S.A. began producing natural gas in its Kitchen Lights Unit production region in the Cook Inlet in Southern Alaska at the end of November 2015.
Fixed coupon of 6.5% p.a., Four-year term and Insurance cover for bond creditors
Start of drilling season in April – plans to double gas production
Purchase price over four times the current Henry Hub price
Start of 2016 drilling season planned for April
Long-term supply agreements provide planning certainty Lower costs for new investments due to oil price crisis