DGAP-News

Activa Resources AG reports on the first half of 2014 and confirms positive outlook for full year

DGAP-News: Activa Resources AG / Key word(s): Half Year Results
Activa Resources AG reports on the first half of 2014 and confirms
positive outlook for full year

29.09.2014 / 17:01

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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 its key financial data for the first half of
2014. As a result of the company's focus on developing its oil assets,
Activa's oil production increased 44 % y-o-y during the first half to
31,666 barrels. Activa's interest in the OSR-Halliday field remains the key
asset accounting for 83 % of revenues.

Consolidated group revenues from the production of oil and natural gas
increased from EUR 2.13 million to EUR 2.65 million during the first half
of 2014. Group profitability also improved significantly. Profits before
interest, taxes and depreciation expenses (EBITDA) rose four-fold from EUR
0.23 million to EUR 0.99 million. Having reached break-even in 2013 group
net earnings were again positive at EUR 92k vs. EUR -0.78 million in 2013
H1. The earnings swing of EUR 0.87 million is attributable to higher
revenues, production optimisation and lower overhead costs.

Activa's CEO Leigh A. Hooper explains: "We are very pleased with our
progress in the first half. With the recent drilling successes at
OSR-Halliday and our plans to continue drilling operations in the coming
months we expect the second half of the year to exceed our first half
performance. Additional drilling activity, for example at Halls Bayou,
confirms our positive outlook for the full year and going into 2015."

The full Activa Resources AG 2014 Interim Report is available for
downloading from the company's website www.activaresources.com.

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 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: [phone] Phone: [phone]
FAX: [phone] FAX: [phone]
[e-mail] [e-mail]



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29.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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