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.
Reserves
We have no reserve data for this company yet