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Deutsche Rohstoff (DR0)

Business description

Deutsche Rohstoff identifies, develops and monetises resource projects in North America, Australia and Europe. The company’s current focus is on the development of oil and gas opportunities in the US.

Stock data

Market cap.€81m
Last close€16.00
High / Low (52 weeks)€25.9 / €13.9
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & gas

Price performance

%1m3m12m
Actual15.4(17.5)(30.9)
Relative *10.2(14.4)(16.6)

* % Relative to local index

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Company news

Future Outlook Of The Energy Industry And Deutsche Rohstoff AG (ETR:DR0)

Mon, 23 Apr 2018 09:56:15 GMT

Investor's Pleased with The 0.61% Week Gains For Deutsche Rohstoff AG (DR0.DE)

Mon, 14 May 2018 10:52:30 GMT

LIT confirms Sadisdorf system

Mon, 14 May 2018 00:11:15 GMT

Promising lithium-tin results from Lithium Australia's German project

Fri, 11 May 2018 03:00:00 GMT

AO Signal in Focus For Deutsche Rohstoff AG (DR0.DE)

Thu, 10 May 2018 03:11:15 GMT

Investment summary

Deutsche Rohstoff’s (DRAG’s) business model has been built around management’s ability to identify, develop and monetise assets across multiple resources. In H118 the group delivered a 68% increase in revenue and a 121% increase in EBITDA y-o-y, driven by increased oil and gas production, profits on asset sales and higher commodity prices. In April 2018, Salt Creek Oil & Gas signed a sale and purchase agreement with Northern Oil & Gas to divest most of its acreage in the Williston Basin, resulting in $40m of cash proceeds, $7.6m reimbursement for investments made and 6m shares, valued at $21.5m as at 21 September 2018. Management expects continued FCF growth (excluding Salt Creek divestment) in H218, driven by strong production performance from Elster Oil & Gas with realisations at current commodity prices. A mid-year cash position and securities held of €63.6m (up from €47.1m at June 2017) was driven by the Salt Creek sale proceeds and issue of a €10.7m convertible bond in March 2018 (3.625% coupon and €28 strike price).

Last updated on 27/09/2018

Key management

Thomas Gutschlag, CEO
Patrick Pohl, Analyst
Jan-Philipp Weitz, Head of Business Development

Company address

Q7, 24
Mannheim
D-68161
Germany
+49 6221871000
View website