Activa Resources AG
Activa Resources AG disposes of non-core Texas asset
Activa Resources AG / Key word(s): Miscellaneous 05.03.2013 / 08:30 --------------------------------------------------------------------- Corporate News 5th March 2013 Activa Resources AG disposes of non-core Texas asset - Sale of CERF/Navarro County raises USD 575,134 - Activa focusses increasingly on main assets Bad Homburg, 5th March 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 announces the sale of its interest in the CERF/Navarro County oil project in Northern Texas. As part of Activa's strategy to focus on high potential prospects which are scalable with significant upside potential, the company has sold its interests in the CERF/Navarro County prospect to Thurston Energy, LLC for USD 575,134 in cash. The effective date of the transaction is January 1, 2013. Activa acquired the interest as part of its acquisition of New Tuleta in 2007 in which the OSR-Halliday asset was acquired. Despite being a solid producer for Activa CERF has not been material to Activa's strategy. The project has generated an approximate 3 to 1 return on the original investment made as part of the New Tuleta acquisition. The sales proceeds amount to approx. 4 years of estimated future net revenues. Leigh A. Hooper, Activa's CEO adds: 'The disposal of non-core assets is part of our strategy to focus on our main assets. This sale follows the disposals of Big Mule and certain Bright properties. The proceeds will be used to fund the further development of OSR-Halliday, Activa's main asset.' 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. 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 lah@activaresources.com 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 activa-resources@gfei.de End of Corporate News --------------------------------------------------------------------- 05.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory 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 --------------------------------------------------------------------- 202928 05.03.2013
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