Activa Resources AG reports on the first half of 2011

Activa Resources AG reports on the first half of 2011

- Successful refinancing of corporate debt

- Recompletion at Loma Field well takes mid-year production to 400 BOED

- Positive EBITDA of EUR 0.13 million

- Successful second horizontal well at OSR - testing at rates exceeding 500 BOED

Bad Homburg, September 30th, 2011. The first half of 2011 was marked by important operational progress as well as the successful restructuring of the parent company's debt.

The most significant 'production' event during the period concerned Activa's single most important well, the Sunny Ernst No. 2, in the Loma Field in southern Texas. The well was recompleted in the main pay zone ('S-Sand') after producing natural gas and oil from a secondary zone since 2008. Daily production rates from the well were raised 10-fold to 8 MMCFGD and 350 BO in mid-May 2011, thereby fully meeting expectations. As a result Activa's total production rose to 400 BOED in June.

During the second quarter the second horizontal well at OSR-Halliday in East-Texas, the 110-2H well, was drilled to a vertical depth of 8,700 feet with a 7,000 foot lateral extension. It was subsequently fractured and placed on production at the end of September. Daily production rates from the well exceeeded (or rose to) 500 BO and 400 MCF during its first days of production. This result is fully in line with our expectations and confirms the development potential of the southern section of the OSR-Halliday field.

At the corporate level the key event during the first half of 2011 was the successful refinancing of the the parent company's maturing 2006/2011 corporate bond. In April Activa raised a total of EUR 4.90 million (USD 7 million) via a rights offering to shareholders and a subsequent private placement. We raised EUR 1.78 million in fresh equity and EUR 3.12 million in a new 8% convertible bond.

Activa Resources AG generated consolidated revenues of EUR 1.47 million from the production of oil and natural gas during the first half of 2011 (2010 H1: EUR 1.63 million). This reflects lower oil and gas production resulting from the reduced interest in the OSR-Halliday field, the company's main producing asset. It was also affected by temporary production interruptions. The total direct costs of oil and gas operations - comprising production taxes and lease operating expenses - were reduced to EUR 0.61 million vs. EUR 0.74 million in 2010. Profits before interest, taxes and depreciation expenses (EBITDA) amounted to EUR 0.13 million (EUR 0.19 million in the first half of 2010). A net loss of EUR 0.66 million (EUR 0.55 million in 2009) was recorded.

The recent developments are important steps towards realising the inherent value of Activa's properties and generating significant growth.

The successful development of the OSR-Halliday field in East Texas is a game-changing event for Activa. The recent completion of the second horizontal well not only adds production and revenues at Activa, it is also a very significant step towards 'proving-up' significant new reserves in the field.

Activa will continue to develop its key low-risk oil and natural gas assets. Management expects significantly higher production volumes as of Q4 2011. Assuming oil and natural gas prices remain constant Activa will be able to generate substantially higher revenues in 2012.

The Interim Report in the english language will available for downloading in the coming days from www.activaresources.com. The report is based on the Activa Resources AG consolidated financial statements prepared in accordance with IFRS and reviewed by the company's US and German auditors.

The Management Board

Enquiries: Leigh A. Hooper, CEO, Tel. + 49 6172 483 2352

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.