GERMAN RESOURCE AG: RHINE 3D SEISMIC PROGRAM INCLUDES OIL IN SOUTHERN GERMANY FROM SUCCESS

GERMAN RESOURCE AG: RHINE 3D SEISMIC PROGRAM INCLUDES OIL IN SOUTHERN GERMANY FROM SUCCESS

Largest 3D seismic in the last 10 Y / old and new oil fields in the visor / budget and schedule compliance

01.06.2012 Heidelberg – The German co-founded by the raw material oil AG- and gas company Rhein Petroleum GmbH informs, that the extensive 3D seismic campaign in Hesse, Baden-Wuerttemberg and Bavaria could be completed successfully now.

Dr. Michael Suana, Managing Director of Rhein Petroleum, Commenting: "We are proud, that we are a young company, the largest German 3D seismic survey of the last 10 Years have been successfully. The previous analyzes suggest several potentially heavy oil- or gas-bearing structures, including major. After completion of the evaluation work, we will devise an appropriate drilling program and bring down this year as the first hole. "

The measurements began in early September 2011 in the license area "Mindelheim" in the Lower Allgäu. They covered an area of 157 km2 of the northeast city of Memmingen from. This area is the largest Bavarian former oil field Arlesried, between the 1964 and 1994 about 14 Million barrels promoted. The field has significant residual potential, that can be developed economically with current technology. The environment will also not further depleted as well as previously undiscovered deposits believed. The survey work was in November 2011 be completed.

In the Hessian part of the Upper Rhine Graben, in the license area "Northern Upper Rhine", launched the survey in late October 2011. For the 245 km2 area north along the Rhine from Mannheim to work up to Darmstadt lasted until the end of March 2012. It is a densely populated area, which also contains some Altfelder, including Stockstadt. These fields promoted between 1952 and 1994 from 47 Holes around 7 Million barrels of oil. Here too, in the context of undiscovered deposits believed Altfelder („near-field potential“).

The third study in the license area 'Karlsruhe-North "and" Graben-Neudorf, "began in early January 2012 and could on 16. May be completed. The survey on the two licenses cover an area of 270 km2. Especially in this area are more "Speyer-like" oil fields believed. Speyer was in a few years ago by chance (Geothermal drilling) the largest oil field discovered in southern Germany, that has gone into production and in the meantime, according to the operators of recoverable reserves 50 My. Barrel of oil has.

The license areas Mindelheim and Karlsruhe-North partnerships exist with Wintershall or. GDF SUEZ. Both corporations had Rhein Petroleum is the operator of the 3D seismic entrusted. Both the budget and the schedule, despite the size of the campaign, almost without variation observed. A total of 672 examined km2.

The quick and relatively easy implementation of such a large survey in densely populated regions of the Rhine is seen as a remarkable success Petroleum. This was made possible by a very experienced team of professional control, working closely with the authorities involved and a very open communication with the population. In the three areas, there were information centers for citizens, also distributed the contracted service provider of thousands of information leaflets to all households, lying in the survey area. The local media reported extensively before and during the work. The response was overwhelmingly positive.

Heidelberg, 31. More 2012

The Entry Standard listed German AG to build a new commodity to commodity producers. Focus on gold, Beer & Gas and so-called high-tech metals such as tungsten, Tin and rare earths. All projects are located in politically stable countries with a focus on Germany. The business model is based on the (Re-) Development of deposits, have been well explored in the past. The first production began in January 2011. For more information on German visit www.rohstoff.de.

Seismic surveys are used to, Composition and structure of potential oil- or gas-bearing strata to understand better and thus improve the chances of finding significant. A 3D seismic survey permits analysis of the recorded data to a spatial representation of the geological structures of the subsurface. For this purpose, the measured transit times and the amplitudes of sound waves, which are artificially generated at the surface and through the substrate. The generated, inaudible sound waves have frequencies between 12 Hz and 100 Hz and are known as "seismic waves". These seismic waves are so weak, that only highly sensitive measuring instruments (Geophone) can be detected. For more information on www.rheinpetroleum.de.

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