• Mittwoch, 23 April 2025
  • 09:34 Frankfurt
  • 08:34 London
  • 03:34 New York
  • 03:34 Toronto
  • 00:34 Vancouver
  • 17:34 Sydney

Activa Resources Ag announces preliminary 2012 operating results and 2013 outlook

19.02.2013  |  DGAP
Corporate News 19th February 2013

Activa Resources AG announces preliminary 2012 operating results and 2013
outlook

- 25% increase in oil and natural gas production revenues to approx. EUR
4.9 million in 2012
- 60% increase in EBITDA to approx. EUR 1.5 million
- 4th OSR-Halliday well to be fractured on March 18
- 5th OSR-Halliday well to spud in coming weeks
- 2013 outlook: further growth in revenues, reserves and profitability

Bad Homburg, 19th February 2013. Activa Resources AG, an independent oil
and gas company with operational knowhow in the development and efficient
exploitation of oil and natural gas properties, provides the following
preliminary details of its group financial performance in 2012. The company
has again reported consistent growth and a major move towards
profitability.

Revenues from the production of oil and natural gas increased by 25% in
2012 from EUR 3.9 milllion to approx. EUR 4.9 million. Activa's net
production of oil and natural gas increased a further 21 % from 106,138 BOE
to approx. 128,000 BOE. This is primarily attributable to the successful
third horizontal well at OSR-Halliday, Activa's main producing asset. Both
oil and natural gas production rose by a similar magnitude, leaving the
oil-to-gas split unchanged at approx. 40:60. 2012 EBITDA increased 50% to
approx. EUR 1.5 million (vs. EUR 1.0 million in 2011).

Leigh A. Hooper, Activa's CEO adds: 'Activa Resources has succesfully made
the transformation from a pure explorer to a low cost producer in recent
years. The company's consistent growth confirms the potential of our
strategy which is based on continuing to grow and develop our main assets,
especially OSR-Halliday and our waterflood projects. We are also adding new
opportunities to our project portfolio. For 2013 we expect stronger growth
rates in revenues, reserves, cash flows and improved profitability.'

Increased drilling activity at OSR-Halliday is on schedule. Hydraulic
fracturing of the 4th horizontal well is scheduled for March 18th. The 5th
horizontal will spud in the coming weeks and likely go on production by
mid-year. Recent activity has focussed on upgrading the field
infrastructure to support significantly higher production rates and to
achieve higher revenues from the produced liquid stream.

In the coming months Activa will also be focussing on its two waterflood
projects (Gray and Adams), both of which have significant potential from a
combination of waterflooding and new wells.

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.


Contact information:
Activa Resources AG
Hessenring 107
61348 Bad Homburg
www.activaresources.com
Phone: +49 (0)6172-483 2352
FAX: +49 (0)6172-483 2353
lah@activaresources.com

GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt
www.gfei.de
Phone: +49 (0)69-7430 3700
FAX: +49 (0)69-7430 3722
activa-resources@gfei.de


End of Corporate News

Unternehmen: Activa Resources AG - ISIN: DE0007471377
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Unternehmen dieses Artikels
Unternehmen Land WKN Symbol Profil News News, engl. Forum Details
Activa Resources AG Deutschland Deutschland 747137      
© 2007 - 2025 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr!
Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert)