Activa Resources AG

- 2015 revenues drop approx. 20 % to EUR 4.3 million - EBIDTA positive, but impairments will lead to a significant 2015 group net loss - Oil and natural gas production increases 4.9 % to 106,000 BOE in 2015 - 54 % decline in PV10 value of proven reserves to USD 49.0 million as a result of the oil and gas price collapse - Approx. 65 % hedged in 2016 at an average of USD 67.5 per barrel - Further cost cutting [...]

Activa Resources AG raises EUR 1 million of new capital - EUR 1 million investment made by new strategic investor - Via capital increase and further placement of 2013/2017 corporate bond - New funds will strengthen Activa's position in current oil price environment Bad Homburg, 26th October 2015. Activa Resources AG, an independent oil and natural gas producer, has raised new capital totalling EUR 1 million. The [...]

ctiva Resources, an independent oil and gas producer, has today published its 2015 Interim Report in which it details how the company has succeeded in largely compensating for the almost 50 % y-o-y drop in US oil prices. Thanks to a high degree of operational flexibiltiy Activa recorded a modest 11.2 % fall in revenues to EUR 2.36 million in the first half of the year (vs. EUR 2.65 million in 2014 H1). This was achieved [...]

Activa Resources AG reports on its 2015 Annual General Meeting Bad Homburg, 13th July 2015. Activa Resources AG provides the following details of its 2015 Annual General Meeting which took place in Bad Homburg, Germany on 9th July. The meeting was well attended with 56.3 % of the company's issued share capital represented (vs. 36.8 % in 2014). Following the general discussion all resolutions were passed with the required [...]

Activa Resources an independent oil and natural gas exploration and production company specialising in the development and exploitation of oil and natural gas fields in North America is pleased to announce details of its financial year 2014 and initial reports of three new wells drilled in recent weeks. As a result of its successful 2014 drilling programme, Activa's oil production rose 18 % in 2014 and now accounts for [...]

Activa Resources AG resumes drilling activity   - Drilling activity resumes after 6 month hiatus - Zwick Partners LP increases stake in Activa Resources AG to 12 % - New appointment to Supervisory Board planned - US credit facility increased to USD 16 million - Expected 2014 group net loss of EUR 200.000 on sales of EUR 5.5 million   Bad Homburg, 4th May 2015. Activa Resources AG, an independent oil and gas producer [...]

Activa Resources AG provides operational update and publishes Q1 Newsletter - 18 % oil production growth in 2014 - 28 % increase in proven reserves to 6.66 million BOE in 2014 - Value of proven reserves rises 13 % to USD 105 million - Up to 100 % hedged in 2015 - Financial position strengthened with non-core acreage sale and further bond placements Bad Homburg, 26th March 2015. Activa Resources AG, an independent oil and [...]

Activa Resources redeems two corporate bonds - EUR 2.15 million redeemed at maturity on 4th December 2014 - 40% of 2011/2014 convertible bond has been converted since issue date - 2014 conversions result in increase in nominal capital from EUR 5.20 million to EUR 5.47 million - EUR 3.48 million currently outstanding in 2013/2017 bond Bad Homburg, 5. December 2014. Activa Resources AG, an independent oil and gas producer [...]

Activa Resources stays focussed on growth - 8th OSR-Halliday horizontal well on production - 111,663 BOE produced to date at 6th and 7th OSR-Halliday wells - Production costs currently running at USD 16 per BOE - Preparations for a broad drilling programme for 2015 underway Bad Homburg, 13th November 2014. Activa Resources AG, an independent oil and gas producer, announces that it has successfully put its 8th new [...]

Activa Resources AG reports on the first half of 2014 and confirms positive outlook for full year - Group revenues increase 24 % to EUR 2.65 million - Four-fold increase in EBITDA to EUR 0.99 million - Net earnings reach EUR 92k (vs. EUR 0.78 million loss) - Growth set to continue in H2 with new wells going on production Bad Homburg, 29th September 2014. Activa Resources AG, an independent oil and gas producer, announces [...]