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Swiss Nagra secures drilling capacity of Daldrup & Söhne AG until the end of 2021

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DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
23.09.2020 / 08:30
The issuer is solely responsible for the content of this announcement.

CORPORATE NEWS

 

Swiss Nagra secures drilling capacity of Daldrup & Söhne AG
until the end of 2021

- Successful completion of Bülach and Marthalen drilling

- Bözberg drilling commenced

- Key parameters of further drilling for 2021 contractually fixed

Oberhaching / Ascheberg, September 23, 2020 - Nagra, the Swiss National Genossenschaft for the Disposal of Radioactive Waste, has extended the scope of the contract for the exploratory drilling programme that has been in progress since the beginning of 2019. Following the successful completion of the drilling operations in Bülach and Marthalen by Daldrup & Söhne AG (ISIN DE0007830572), work has already begun on the recently commissioned Bözberg well. The completion of the work in Bözberg is expected in November 2020 and can therefore be booked in the 2020 financial year in terms of sales and earnings of Daldrup & Söhne AG. The Bözberg well is the third well in the multi-year exploration drilling project.

For the 2021 financial year, an agreement was reached with Nagra to extend the contract by a fourth and, if necessary, a fifth well, thus securing Daldrup's capacity utilization in Switzerland for the 2021 financial year.

Nagra is seeking a suitable site for a deep geological repository for radioactive waste in Switzerland. The drillings are intended to complete the overall geological picture of the potential siting regions and thus facilitate the selection of the safest site for a deep geological repository.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6,000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale segment of the Frankfurt Stock Exchange (sub-segment in the open market).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.

Press & Investor Relations contact
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29

Bajuwarenring 17a
ir@daldrup.eu
82041 Oberhaching
www.daldrup.eu


23.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:

English

Company:

Daldrup & Söhne AG

Bajuwarenring 17a

82041 Oberhaching

Germany

Phone:

+49 (0) 89 / 45 24 37 920

Fax:

-

E-mail:

ir@daldrup.eu

Internet:

www.daldrup.eu

ISIN:

DE0007830572

WKN:

783057

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1135401


 

End of News

DGAP News Service

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