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Strong increase in oil and gas reserves

Strong increase in oil and gas reserves

Based on the forward curve of 4 March 2022, the present value of the proven and probable reserves of the US subsidiaries of Deutsche Rohstoff AG amounts to USD 639.9 million.

Doubling of reserves to 49 million BOE/Current value of proven reserves rises to more than USD 500 million

March 9, 2022 – Mannheim – Deutsche Rohstoff AG – Strong increase in oil and gas reserves

Based on the forward curve of 4 March 2022, the present value of the proven and probable reserves of the US subsidiaries of Deutsche Rohstoff AG (future cash flow discounted at 10%, so-called PV 10) amounts to USD 639.9 million, of which proven reserves accounted for USD 503.8 million and probable reserves for USD 136.1 million. Proven reserves were calculated at 29.2 million barrels of oil equivalent (BOE) at year-end (previous year: 20.4 million BOE), while probable reserves were calculated at 19.4 million BOE (previous year: 3.8 million BOE).

Based on the 31 December 2021 forward curve, the value of proven reserves is USD 318.2 million and the value of proven and probable reserves is USD 367.7 million (31 December 2020: USD 143.4 million).

Assuming an oil price of 60 USD/barrel flat, the PV10 of proven reserves amount to USD 285.5 million and the value of proven and probable reserves at a total of USD 343.4 million. Assuming a price of 80 USD/barrel over the life of production, the proven reserves increase to USD 503.0 million and the value of proven and probable reserves increases to USD 688.0 million.

A detailed overview will be available shortly on Deutsche Rohstoff’s website. Today, Wednesday, the company will offer a webcast at 2 p.m. to discuss the current situation in the oil market and the results of the reserves estimate. Interested parties can register via the website www.rohstoff.de.

In support of the press release, the data are also illustrated in a presentation.

Mannheim, 9 March 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 complete the portfolio. Further information can be found at www.rohstoff.de

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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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

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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/

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