Activa Resources AG reports on its 2014 Annual General Meeting

11.07.2014  |  DGAP

Activa Resources AG reports on its 2014 Annual General Meeting

Bad Homburg, 11th July 2014. Attendance at the company's 2014 Annual General Meeting on 8th July 2014 in Bad Homburg was recorded at 37% (EUR 1.9 million) of the company's issued share capital. Activa's CEO Leigh A. Hooper provided shareholders with a detailed report on the company's successful business year 2013 and corporate developments during the current year.

Following the general discussion all resolutions were passed with the required majority. The resolutions regarding formal approval of the actions of the Management Board and Supervisory Board for the financial year 2013 were approved with almost 100%. The resolution regarding the appointment of the company's auditors for the 2014 financial year was passed by majority vote.

CEO Hooper made the following statement: "Activa's financial performance in 2014 is set to exceed 2013's positive results as a result of current operational developments and the acceleration of drilling activities at OSR-Halliday. We now intend to drill four new horizontal wells at OSR-Halliday. Together with drilling activity at our other projects we are optimistic for 2014."

The Management

About Activa Resources AG
Activa Resources AG is an independent oil and gas company which focuses on the acquisition, development and exploitation of oil and natural gas properties. Activa Resources AG is listed on the Frankfurt stock exchange and is based in Bad Homburg, Germany. The company's management and technical team comprise oil industry experts with many years operational experience at major international oil companies. Further information can be found at www.activaresources.com.

Forward-looking statements
This news release includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning estimates of expected drilling and development wells and associated costs, statements relating to estimates of, and increases in, production, cash flows and values and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Activa believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience technological and mechanical problems, that geological conditions in the reservoir may not result in commercial levels of oil and gas production, that changes in product prices can have a material impact and that Activa fails to raise sufficient capital to adequately fund its activities.

Company contact                          Investor Relations contact
Activa Resources AG                     GFEI Aktiengesellschaft
Hessenring 107                             Am Hauptbahnhof 6
61348 Bad Homburg                    60329 Frankfurt
Germany                                          Germany
www.activaresources.com           www.gfei.de
Phone: +49 (0)6172-483 2352    Phone: +49 (0)69-7430 3700
FAX: +49 (0)6172-483 2353         FAX: +49 (0)69-7430 3722
lah@activaresources.com           activa-resources@gfei.de