18.07.2013 Activa Resources AG  DE0007471377

DGAP-News: Activa Resources AG: successful fifth horizontal well at OSR-Halliday goes on production


 
DGAP-News: Activa Resources AG / Key word(s): Drilling Result Activa Resources AG: successful fifth horizontal well at OSR-Halliday goes on production 18.07.2013 / 08:30 --------------------------------------------------------------------- NEWS RELEASE 18th JULY 2013 Activa Resources AG: successful fifth horizontal well at OSR-Halliday goes on production - 5th OSR-Halliday horizontal well on production at 600 BOED - Field development programme set to continue in coming months Bad Homburg, 18th July 2013. Activa Resources AG, an independent oil and gas producer with operational knowhow in the development and efficient exploitation of oil and natural gas properties, provides initial details of its latest horizontal well to go on production at its main oil and natural gas project OSR-Halliday Unit in East Texas. The 5th horizontal well (105-5H), which spudded on 3rd April 2013, has been on production since June and is now consistently producing 600 BOED, thereby fully meeting the company's expectations. This comprises 80% oil and 20% natural gas and natural gas liquids. The well is located in the southern section of the field. Activa's CEO Leigh A. Hooper adds: 'This is another excellent result - especially considering the fact that the horizontal section of this well is approx. 1,000 feet shorter than its predecessor (96-4H). We have now put 5 horizontal wells in a row on production. All wells are producing.' Development of the OSR-Halliday field is set to continue with the 6th well likely to spud in the coming months. Activa's technical team, which leads the G&G work at OSR-Halliday, presented a revised 56 well drilling plan (previously 50) for the field at a recent partners meeting in Dallas. Activa continues to estimate 350,000 to 450,000 BOE per well and therefore total primary recoverable reserves in the field exceeding 19.6 million BOE. All partners are committed to further development of the field. The Management Board 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: Activa Resources AG Hessenring 107 61348 Bad Homburg www.activaresources.com Telefon: +49 (0)6172-483 2352 FAX: +49 (0)6172-483 2353 [email protected] Investor Relations contact: GFEI Aktiengesellschaft Am Hauptbahnhof 6 60329 Frankfurt www.gfei.de Telefon: +49 (0)69-7430 3700 FAX: +49 (0)69-7430 3722 [email protected] End of Corporate News --------------------------------------------------------------------- 18.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 221732 18.07.2013


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