DGAP-News: Activa Resources AG / Key word(s): AGM/EGM/Miscellaneous Activa Resources AG: Activa Resources AG reports on its 2015 Annual General Meeting 13.07.2015 / 15:43 --------------------------------------------------------------------- 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 majority. The resolution regarding formal approval of the actions of the Management Board (CEO Leigh A. Hooper) was passed unanimously (100%). The resolutions regarding formal approval of the actions of the Supervisory Board, the appointment of the company's auditors for the 2015 financial year and the approval of authorised capital were passed by majority vote. Further to the expiry on July 9th of the five year term of the Supervisory Board members Messrs. Blumenthal, Vedder and Dr. Escher shareholders followed the company's proposal and re-elected Messrs. Blumenthal and Vedder and elected Mr. Johannes Zwick for a term of 5 years. Mr. Zwick replaces Dr. Escher who did not stand for re-election on grounds of age. The resolution was passed by majority vote. The Management Board and the Supervisory Board expressed their gratitude to Dr. Escher for his highly constructive input over the last ten years. CEO Leigh A. Hooper provided shareholders with a detailed report on the company's activities in 2014 and corporate developments during the current year. Mr. Hooper's comments focussed particularly on the company's progress in 2014, the impact of the fall in oil prices since September 2014 and the company's strategy in the current price environment. After a six month drilling hiatus, during which the company has executed a significant cost-reduction programme, Activa recently kicked off a new drilling programme which currently does not include OSR-Halliday, the company's main asset. Preparations are, however, underway to resume drilling at OSR-Halliday as soon as possible. Overall, Activa is well positioned in the current price environment with its asset portfolio, thanks in particular to the drilling successes in 2014 at OSR-Halliday and Halls Bayou and substantial hedging positions. As a result, the CEO provided a cautiously optimistic outlook to shareholders. 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 Hessenring 107 61348 Bad Homburg Germany www.activaresources.com Phone: +49 (0)6172-483 2352 FAX: +49 (0)6172-483 2353 [email protected] Investor Relations Contact GFEI Aktiengesellschaft Mailänderstr. 2 30539 Hannover Germany www.gfei.ag Phone: +49 (0)511-4740 2310 FAX: +49 (0)511-4740 2319 [email protected] --------------------------------------------------------------------- 13.07.2015 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 377645 13.07.2015