Category: news

DIGITALX DECEMBER BITCOIN AND DIGITAL ASSET EXPOSURE

DECEMBER BITCOIN AND DIGITAL ASSET EXPOSURE

DigitalX Limited (ASX:DCC, OTCQB: DGGXF) (the Company) provides the following monthly update to shareholders on its funds under management and value of Bitcoin and digital asset holdings as at the end of December 2022.

The DigitalX Bitcoin Fund declined 0.3% for the month and the DigitalX Fund fell 3.7%, while the S&P Cryptocurrency Top 10 Equal Weight Index (“Index”) declined 14.0%. Over the quarter, the DigitalX Bitcoin Fund declined 18.8% and the DigitalX Fund fell 22.2%, while the Index declined 26.5%.

The performance of both DigitalX funds reflected the subdued market action in December in the wake of the collapse of the FTX exchange. The active DigitalX Fund strategy outperformed the Index this month and quarter due to our relatively conservative portfolio composition and higher allocations to Bitcoin and Ethereum than the Index.

DigitalX Chief Executive Officer, Lisa Wade said:

“Although a negative month and tough quarter for digital assets, it is pleasing that our funds outperformed the Index with our focus on quality names inside the Top 20 crypto universe.

We believe 2023 will see further volatility across financial markets and expect the recent correlation to digital asset markets to continue. In saying this, we believe that the underperformance gap of digital asset markets to broader equity markets will close over the medium term (this gap is currently 55%) as we see further movement towards industry regulation and transition from traditional finance to decentralised finance. In the short term, digital asset markets must navigate the continued fallout from the collapse of FTX, with the possibility of further Chapter 11 bankruptcies dominating news flow in January.

We continue to position ourselves as a safe pair of hands in digital asset management by managing counter-party risk, utilising cold storage methods and producing our significant proprietary research aligned to our long term thematic views for the digital assets sector. Our top investment themes continue to include:

1. Real world asset tokenisation;
2. Decentralised data (including ZK Rollups – a cryptographic proof to validate Ethereum transactions faster, cheaper and more securely);
3. Digital identity opportunities; and
4. Web3.0 infrastructure across decentralised application networks.

We believe the structural shift of financial infrastructure into Web3.0 financial guardrails is well underway and expect institutional adoption to continue to accelerate in 2023.

Finally, in December ~A$800,000 of our Bitcoin holdings held in Treasury (~15%) was converted into cash as part of our broader strategic initiative to more actively manage treasury assets and optimise investment opportunities. The board and management are focused on proactively generating shareholder value and making sure our balance sheet is generating value.”

For information on the DigitalX digital asset funds please visit https://digitalx.fund/

************************

Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

10% stake in Rhein Petroleum sold

The UK-based company Beacon Energy plc announced today that it has acquired all of the shares in Rhein Petroleum GmbH from Deutsche Rohstoff AG (10%) and Tulip Oil Holding (90%).

Mannheim, Dezember 16, 2022 

British Beacon Energy plc acquires Rhein Petroleum/Deutsche Rohstoff receives shares and a revenue share

Mannheim. The UK-based company Beacon Energy plc (AIM: BCE; “Beacon”) announced today that it has acquired all of the shares in Rhein Petroleum GmbH from Deutsche Rohstoff AG (10%) and Tuilp Oil Holding (90%), (please see www. beaconenergyplc.com). As part of the sale, Deutsche Rohstoff will receive a share in Beacon of around 3.3% as well as a revenue share of around 1% of the future net returns from Rhein Petroleum’s production (“earn out”).

The value of the 3.3% stake in Beacon will initially be around EUR 0.3 million after the transaction and a capital measure. Considerable further potential arises from the “earn-out” agreement. Beacon intends to further develop Rhein Petroleum’s existing acreage and significantly increase production.

In 2011 and 2012, Deutsche Rohstoff AG sold its majority stake in Rhein Petroleum to Tulip Oil. This resulted in a profit of around EUR 9.8 million. Under the Shareholders’ Agreement concluded at that time, Deutsche Rohstoff AG had undertaken to sell its own remaining shares in the event of Tulip Oil selling the majority of the shares. This agreement was now applied.

Irrespective of this, Deutsche Rohstoff AG considers the transaction to be positive. The shares in Beacon are traded on the AIM segment of the London Stock Exchange. Tulip Oil also replaces the guarantees in the amount of approximately EUR 1.5 million that Deutsche Rohstoff AG had provided to the mining authority in Hesse.

Mannheim, 16. December 2022

Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten round off the portfolio. Further information is available at www.rohstoff.de

Contact

Deutsche Rohstoff AG

Phone +49 621 490 817 0

info@rohstoff.de

************************

Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Deutsche Rohstoff Group recorded higher oil production in the current quarter than expected in October

  • Oil and gas production in Q4 higher than expected
  • Revenue and EBITDA 2022 around 7% above forecast of 14 October
  • Forecast 2023 and outlook 2024 unchanged
  • EBITDA increases by a further ca. EUR 10 million

Mannheim, Dezember 12, 2022 16:30h Deutsche Rohstoff Group recorded higher oil production in the current quarter than expected in October. The four US-subsidiaries produced an average of over 9,650 BOEPD (barrels of oil equivalent per day) in the first 11 months of 2022. Compared to 30 September (9,339 BOEPD), this represents an increase in expected total production of about 110,000 BOE.

The increase in revenue is mainly due to higher production volumes from the existing wells in Colorado, as well as very high initial production from the wells in Utah, which started production in Q4. Some additional wells in Utah will start production in H1 2023. In Wyoming, the wells were also all able to produce at or above plan.

Forecast 2022 (increase)

  • Sales of EUR 163 to 168 million (previous forecast EUR 152 to 157 million)
  • EBITDA EUR 138 to 143 million (previously EUR 128 to 133 million)

Forecast 2023 (unchanged)

For 2023, the Company confirms the forecast as follows:

Base scenario

  • Group sales: EUR 140 to 160 million
  • EBITDA: EUR 110 to 125 million

Increased price scenario

  • Group sales: EUR 155 to 175 million
  • EBITDA: EUR 125 to 140 million

The assumptions for the basis of the forecast remain unchanged at a EUR/USD exchange rate of 1.12 EUR/USD, a natural gas price of USD 4, and a WTI price of USD 75 in the base scenario and USD 85 in the increased price scenario.

For 2024, the Executive Board continues to expect sales above EUR 120 million and EBITDA above EUR 100 million. This is based on only 4 additional net wells at Cub Creek until mid-2023, non-operated wells in Utah until mid-2023 and the already contractually secured Occidental joint venture.

For a definition of the term EBITDA, please refer to the Deutsche Rohstoff AG website at https://rohstoff.de/en/apm/.

Mannheim, 12 December 2022

Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten round off the portfolio. Further information is available at www.rohstoff.de

Contact

Deutsche Rohstoff AG

Phone +49 621 490 817 0

info@rohstoff.de

************************

Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Follow Us
The SiLLC Assembly