German commodity AG: Tekton Energy announces successful drilling and further expansion of production

German commodity AG: Tekton Energy announces successful drilling and further expansion of production

04.06.02012 Denver / Heidelberg – So far all nine holes successful / six wells in production / oil price at USD 90 secured.

Tekton Energy, U.S. oil subsidiary of the German commodity AG (DRAG), reported today, that the holes have been completed by Frye Farm well site. The three wells were all successfully, as shown by the analyzed drill logs.

Titus Gebel, Board of DRAG, said: "This result means, Tekton can show that nine successes in nine holes drilled. This is a fantastic success rate of 100% in a very short period. This is confirmed by the geological model of Tekton. The next step will be sinking horizontal wells, order to increase production volumes and the value added. "

Tekton has also announced, tion that the production from the well site with three holes on Pavistma 30. Mai began hat. The production volume of these new wells will be published after the first month of production. It is mainly produced oil and natural gas only to a limited extent.

Tekton has now six wells in production. The newly drilled holes on Frye Farm well site will begin in early July, the production. All nine holes are part of the Windsor project in the northwestern portion of the Wattenberg field in Colorado. 60% of production against a decline in oil prices of WTI (Western Texas Intermediate) under 90 USD has been secured.

In addition to the currently implemented vertical drilling program prepares Tekton for July, a 3D seismic, of a horizontal drilling program to follow.

About the German commodity AG

The Entry Standard listed German AG to build a new commodity to commodity producers. Focus on gold, Beer & Ga s 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.

For more information

Dr. Thomas Gutschlag
German commodity AG
Friedrich-Ebert-Anlage 24
D-69117 Heidelberg
Tel.: +49 6221-87100-0
Fax: +49 6221-87100-22
E-Mail: info(at)rohstoff.de

Oliver Schulte
German commodity AG
Friedrich-Ebert-Anlage 24
D-69117 Heidelberg
Tel.: +49 6221-87100-0
Fax: +49 6221-87100-22
E-Mail: trained(at)rohstoff.de

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