Activa Resources

Capex

Future Plans

The most important high-impact elements of the company’s 2008 drilling programme is the 1,000 BOEPD estimate from their Hidalgo Frio, Loma Field and OSR Halliday Field projects in Texas and the Gray Waterflood prospect in Louisiana. The Fayetteville Shale play is also expected to contribute to production when activity is proposed by the project operator.

Activa are primarily focused on expanding their operations base, finalizing the technical review of several key projects and focusing on low risk exploitation opportunities. As a result, in 2008 Activa will be able to increase production volumes from these projects. In addition, Activa’s higher risk/high return exploration opportunities will play an increasingly important role in their 2008 campaign, which is expected to fuel significant growth for 2009 and beyond. Based on current production alone, Activa are looking to generate USD 7 million in production revenues in 2008. As soon as the company realise their aim of 1,000 BOED Activa will be able to generate annualised revenues exceeding USD 20 million. This assumes further successful execution of drilling programs as well as market prices remaining at 2007 levels with oil above USD 65 per BO and natural gas above USD 6 per MCF.

Production

- Activa records increase in 2007 production from 95 BOED to 300 BOED and targets further three-fold increase in 2008
- 2008 kicks off with drilling successes at Hidalgo Frio and Adams Ranch and restarts Barnett Shale drilling program
- At today’s prices Activa’s current production indicates minimum 2008 production revenues of USD 7 million after USD 4 million in 2007

Activa Resources recorded a three-fold production increase from 95 BOED to 300 BOED in 2007. Currently 45% of Activa's production is oil, with the remainder being natural gas. Activa is targeting daily production of 1,000 BOED by the end of 2008.

The most important high-impact elements of the company's 2008 drilling programme in the 1,000 BOEPD estimate are from their Hidalgo Frio, Loma Field and OSR Halliday Field projects in Texas and the Gray Waterflood prospect in Louisiana. The Fayetteville Shale play is also expected to contribute to production when activity is proposed by the project operator.

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