Corporate Presentation 06.2016 Contents Glossary 1. CEOs Comments - - PowerPoint PPT Presentation

Corporate Presentation 06.2016

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Contents

• 1. CEO’s Comments
• 2. Elevator Pitch: why invest in Activa Resources?
• 3. Review of 2014
• 4. General Information
• 5. Projects
• 6. Facts and Figures

§ Financial data § Share Information

Disclaimer This document 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.

Contact

Head Office Activa Resources AG Hessenring 107 61348 Bad Homburg www.activaresources.com Telephone: +49 (0) 6172 – 483 23 52 Fax: +49 (0) 6172 – 483 23 53 E-mail: lah@activaresources.com Investor Relations GFEI Aktiengesellschaft Office Center Plaza Mailänder Str. 2 30539 Hannover www.gfei.de Telephone: +49 (0) 511 – 474 023 10 Fax: +49 (0) 511 – 474 023 19 E-mail: activa-resources@gfei.de

Glossary

1P – Proven oil and natural gas reserves 2P – Proven and probable oil and natural gas reserves 3P – Proven, probable and possible oil and natural gas reserves BOE – Barrels of oil equivalent BCF – Billion cubic feet

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• 1. CEO’s Comments

§ Welcome and thank you for your interest in Activa Resources AG. The primary aim of this presentation is to assist you in understanding our business model and to provide an update on the activities of the company with particular insights into our strategy to steer the company successfully through the challenging environment of dramatically lower oil prices. § Our business plan continues to be focused on developing our main asset OSR-Halliday in East Texas and simultaneously developing low-risk/high-potential projects such as Halls Bayou and Pill Branch. § Like all companies in our industry, we are currently working through an oil price trough. Thanks to 5 % higher production, comprehensive cost-cutting and hedging income, Activa remained EBITDA- positive in 2015. A group net loss was, however, as a result of depreciation expenses, unavoidable. § In 2015 we reduced our field operating expenses by 26 % in USD terms and therefore by 30 % to USD 14.3 per BOE. Other

• perating expenses in the US subsidiary company were reduced by 16 % in local currency terms. Other operating expenses at the

parent company were reduced by 31 %. § Weak pricing and continued pricing uncertainty over the next 24 months significantly curtails Management’s ability to make corporate forecasts. In addition, the bi-annual redetermination of our credit facility with Texas Capital Bank is due shortly. We expect our line of credit to be reduced by USD 5-6 million within a timeframe which is still to be negotiated. § We are currently in refinancing discussions with capital providers in order to strengthen the company’s equity and debt position and improve the company’s debt-equity ratio. Correspondingly, we are attempting to raise significant new equity via a capital increase at EUR 1 per share. A significant preliminary share subscription agreement has already been signed with a new investor group. § Activa’s management has a proven track record when it comes to steering the company through cyclical downturns and is committed to ensuring that the company can recover rapidly when the overall pricing and market environment improves. We do not expect this to happen, however, until 2017.

Leigh A. Hooper CEO, Activa Resources AG

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• 2. Elevator Pitch: Why invest in Activa Resources?

Current Strategy

§ Implement refinancing measures to allow Activa to survive the current pricing environment and return to growth § Partial refunding of Texas Capital Bank credit facility

Activa in short

§ Activa Resources AG is an independent producer of oil and natural gas focused on the development of on-shore oil and natural gas projects in North America § Strategic and diversified portfolio investment approach § Run by a highly experienced management and team of geologists and petroleum engineers § Portfolio of “conventional” (no shale) producing oil and natural gas assets – mainly in Texas § Main asset OSR-Halliday is located in the sweet-spot of the well-known and prolific Woodbine Trend in East Texas § Net proven oil and natural gas reserves of 6.52 million BOE (Jan. 2016; - 2% y-o-y) § Substantial opportunity to organically grow reserves and production with existing assets § 2015 oil and natural gas production + 5% to 106,089 BOE / Positive group EBITDA of EUR 0.92 m § 2016 oil production is 60% hedged at USD 67.5 per barrel

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• 3. General Review of FY 2015

§ 5 % increase in oil and natural gas production to 106,089 BOE Oil production accounts for approx. two-thirds thereof § 20 % decrease in revenues (incl. hedging income) to EUR 4.36 million Hedging generates USD 1.04 million thereof* § Group EBITDA remains positive at EUR 0.92 million Due to significant hedging at USD 80 and production costs of USD 14.3 per BOE § Group net loss of EUR 2.72 million Primarily attributable to depreciation expenses totalling EUR 2.82 million § 2 % decrease in 1P oil and natural gas reserves to 6.52 million BOE Oil price collapse drives PV1O value down 54 % to USD 49 million § EUR 2.2 million combined new equity and debt raised in 2015 Minimal reduction in bank credit facility at year-end to USD 15 million *Hedging detail § Hedging primarily through Puts (previously exclusively collars) § 2015: 50 % hedged at USD 80 as Feb.-May and July-Sept. another 50 % at USD 45; effectively 100% hedged at USD 62.5 per barrel § 2015 hedging yield: USD 1.04 million § 2016 approximately 60 % hedged at USD 67.5 per barrel § 2016 expected hedging yield: approximately USD 1 million

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• 4. General Information

Drilling activity 2006-2014

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Information about Activa Resources group § Established producer of oil and natural gas in North America § Operations in San Antonio, Texas § Listed on Frankfurt Stock Exchange (Entry Standard) § Management are significant shareholders § Employees: 7 (excl. field staff) Management § Leigh A. Hooper, Activa Resources AG § 14 years oil industry and 16 years investment banking experience § John W. Hayes, President, Activa Resources, LLC § 28 years oil industry experience at well known and reputable industry players Key employees § Douglas Coyle – Vice President and Exploration Manager § John Bockelman – Geologist Supervisory Board (Non-executive directors) § Walter Blumenthal (Chairman), Bad Homburg, Germany § Axel Vedder (Deputy Chairman), Bad Homburg, Germany § Johannes Zwick, Charlotte, North Carolina Activa Resources AG (Holding company)

Head Office: Bad Homburg, Germany

100 % Activa Resources, LLC (Exploration and production company)

San Antonio,Texas, USA

Oil and Natural Gas Interests

• 4. Group Structure and Management

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900 1.800 1987 1992 1997 2002 2007 2012 Oil Gas

Worldwide Rotary Rig Count, April 2016 30.7 % of all rigs are in operation in the US. The rig count and North America’s percentage thereof will continue to drop.

• 4. The US oil market

§ After several years of Renaissance, North America's oil and gas industry now has to adapt to a dramatically lower oil prices § The number of rigs has fallen significantly, oil production rates in the United States are now falling significantly § US oil prices rose significantly in H1 2016, but remain low at approx. USD 50 per barrel (WTI)

Source: Baker Hughes

USA 437 Latin America 203 Canada 41 Middle East 384 Asia Pacific 179 Europe 90 Africa 90 World 1,424

1,800

US Rig Count, May 2016

85 318

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Drilling activity at OSR-Halliday 2008-2014

• 5. Activa’s Projects

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• 5. Project overview

Projects § 4 main projects with current field and drilling operations (OSR-Halliday, Halls Bayou, Loma Field Adams Ranch) § Montgomery County natural gas project on hold § Drilling rights covering 34,284 acres (gross) § Location: Gulf Coast, USA (mainly Texas) § All projects in recognised oil basins with long production histories Key information 2015 § Production revenues: EUR 4.36 million (-20 % yoy) § Note: Production revenues since 2005: EUR 38 million § 1P reseves: 6.52 million BOE (+ 28 % yoy) § 1P PV10 reserve value: USD 49 million* § 2P PV10 reserve value: USD 89 million* § 4 projects account for 90 % of current daily production Medium term potential: daily production rates of 3,000 BOE Primary medium-term objectives § Grow production and revenues by further development

• f existing project portfolio

§ Implement broad drilling programme (new wells and recompletions) following oil price recovery § Very selective investments in natural gas projects (only possible investment in 2015 is a new Loma Field well) § Build on expertise and experience to develop new “conventional” drilling plays § Minimise front-end investment risk

* PV10 value as at 1st January 2016

Adams Ranch OSR-Halliday Halls Bayou Loma Field

Pill Branch OSR-Halliday (Share: 22 %) Mainly Oil Adams Ranch (Share: 82-100 %) Mainly Oil Halls Bayou (Share: approx. 12 %) Oil and natural gas Loma Field (Share: 15-25 %) Mainly natural gas

Main projects (in production) Other projects (in production)

Project Portfolio

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• 5. Oil and natural gas production and revenue split*

OSR-Halliday* Halls Bayou Hidalgo Frio Loma Field Adams Ranch Rest** Total Production volume 2015 in BOE 70,365 16,943 5,985 4,621 3,151 5,024 106,089 46.2% 53.8% 81.6% 18.4% OSR-Halliday* Halls Bayou Hidalgo Frio Loma Field Adams Ranch Rest** Total Production revenues 2015 in USD 2,573,629 606,556 98,881 105,888 123,827 194,244 3,703,025 OSR-Halliday* Loma Field Adams Ranch Gray Waterflood Pill Branch Rest** Total Production volume 2014 in BOE 80,320 1,872 3,548 1,804 2,681 10,932 101,157 OSR-Halliday* Loma Field Adams Ranch Gray Waterflood Pill Branch Rest** Total Production revenues 2014 in USD 6,043,354 71,696 272,996 170,071 240,961 392,538 7,191,616 Mix Mix Mix

• based on Activa’s respective Net Revenue Interest

Mix Natural gas Oil NGL

70 % 25 % 5 % 88 % 10 % 2 % 62% 33% 5% 83% 16% 1%

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PMO-CARR-COLEMAN 1H Production 06/01/2011 Oil: 11,693 PMO-CARR-COLEMAN 2H Permit: 03/16/2012 PMO-PATRICK 1H Permit: 12/01/2012 PMO-BUNYARD 1H Production: 11/01/2011 PMO-EASTERLING 1H Permit: 01/01/2012 ALLIED OP-5H Permit: 10/11/2011 PMO-CRESHAM A 1H Permit: 12/05/2012 Reported IP 800 PMO-CRESHAM 1H Production: 10/01/2011

• Cum. Oil: 36,245

Eaglebine/Dexter ALLIED WALLPATH 1H Production: 04/01/2011 Oil Cum.: 53,983 PMO-SHERMAN 1H Production: 08/01/2011 Oil Cum.: 6,333 ENCANA-CRESHAM UNIT 1H Permit: 12/12/2012 ENCANA-CRESHAM TRUST 3H Production: 11/01/2011

• Cum. Oil: 19,294

ENCANA-CRESHAM UNIT 2H Permit: 12/12/2012 RIPLEY OIL Eaglebine Order CHESAPEAKE-BULLARD 1H Production 10/01/2011 Oil Cum.: 48,999 CHESAPEAKE- MCVEY UNIT A 2H Production 10/01/2011 Oil Cum.: 20,508 SAMSON-BLAKENEY 1H SPUD 12/09/2011 PMO-CARR-WARD Production: 12/01/2010

• Cum. Oil: 119,177

PMO-HOMER-COLEMAN 1H Production: 01/31/2011

• Cum. Oil: 34.573

PMO-MANNING 1H Production: 07/01/2011

• Cum. Oil: 29,756

FMD-CLAYTON 1H Production: 12/01/2011

• Cum. Oil: 2,213

FURIE -BARNES 1H Production: 08/01/2011

• Cum. Oil.:3,970

Wells drilled by other operators Activa’s planned horizontal wells

Activa 3 On production: 04/2011 Activa 1 On production: 10/2010 Activa 2 On production: 10/2011

Activa Resources wells at OSR

Activa 4 On production: 04/2013 Activa 5 On production: 06/2013 Activa 7 On production: 08/2014 Activa 6 On production: 04/2014 Activa 8 Activa 9

• 5. OSR-Halliday

§ Activa’s WI: 22 % § “Conventional” oil play with >80% oil § Production since 1960: approx. 13.5 million BOE (8.5 % of Original Oil In Place in Woodbine Formation) § 48 vertical wells on production § 8 new horizontal wells drilled and on production since 2010 § No drilling activity in 2015 and to date in 2016

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• 5. OSR-Halliday – recent drilling activity south side

SL 1H 2H 3H

Decker Sheldon Unit 1H (January 2013)

96-4H 105-5H

OSR-HALLIDAY UNIT

SL

Chesapeake Bullard 1H

SL SL

4th horizontal well (2013) 5th horizontal well (2013) Southern tip of the OSR-Halliday field 6th horizontal well (February 2014)

Horizontal well IP rates at OSR-Halliday § 1st well: 463 BOED (north) § 2nd well: 700 BOED (south) § 3rd well: 340 BOED (north) § 4th well: 700+ BOED (south) § 5th well: 600 BOED (south) § 6th well: 600-800 BOED (south) § 7th well: 600-800 BOED (south) § 8th well: 100 BOED (south)

Halcon Samantha Rizzio Oil & Gas 7th horizontal well (Q2 2014) 8th horizontal well (drilled) 9th horizontal well (expected Q4 2015) 2nd horizontal well (September 2011)

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• 5. Key Projects – Halls Bayou, Loma Field, Adams Ranch

*100 %

Halls Bayou, Texas Loma Field, Texas Adams Ranch, Texas § Working interest: 12 % § Current production: 550 BOE* § Potential: 7.5 million BOE (Natural Gas) + 2.2 million BOE (Oil) + 2 million BOE (Liquids)* § Initial project as part of Joint Development Agreement with private oil and gas companies § Activa provides technical and marketing support for the projects in return for 50 % of each project § 1,200 acres leased in an area on trend with Activa’s Loma project in Galveston County. § Multiple wells and additional prospects § First well on production since November 2014; further discovery made June 2015 § Working interest: 14.5 - 25 % § Current production per day: 150 BOE* § Potential: > 1 million BOE § Natural gas play – on hold in recent pricing environment § First well (drilled 2008) highly successful at 15,500 ft. and still on production § Potential for 2 further proven locations § Further drilling activity is in planning stage § Acreage is held by production § Working interest: 82 % § Historically a natural gas producer but with 13 million OOIP heavy oil at

• 400ft. in the Escondido Formation

§ Thereof waterflooding potential: 4 million BOE § Drilling costs per well: USD 30,000 § Current field production: approx. 10 BO* § Waterflooding to potentially raise recovery volumes from 3,000 to 15,000 per well 2014 Operations § Waterfooding: permit granted § Waterflood activities commenced during the year 2015 Operations § Limited waterflooding attempts with 2 injection wells § Natural gas production shut-in § Reduce production costs by 50 % § 2 Anacacho wells drilled to 900 ft and put on production

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• 6. Facts & Figures

Field Operations 2006-2014

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• 6. Group Financial Data

* Earnings before interest, taxes, depreciation and amortization **Average

IFRS / in Euro 2015 2014 2013 2012

Proceeds from the production of oil and gas 4,357,910 5,451,029 5,302,256 4,852,478 Other operating income 7,482 178,762 6,938 143,430 Operating Profit (EBITDA)* 917,963 2,017,920 1,957,262 1,503,114 Consolidated net result

• 2,724,129
• 203,304

128,580

• 797,830

Equity ratio 21 % 26 % 22 % 26 % Total assets 24,075,198 23,105,649 15,010,366 13,659,476 Number of shares 6,013,483 5,466,803 5,203,833 5,203,833 Number of employees ** 7 7 8 9

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• 3.000
• 2.000
• 1.000

2010 2011 2012 2013 2014 2015

500

Oil and natural gas production revenues and oil price

2.000 4.000 6.000 2010 2011 2012 2013 2014 2015

50 100 150

Capitalised drilling rights, drilling and completion costs

5.000 10.000 15.000 20.000 25.000 2010 2011 2012 2013 2014 2015

Group EBITDA

500 1.000 1.500 2.000 2.500 2010 2011 2012 2013 2014 2015

Net Income

• 6. Long-term Financial Summary
• Thsd. EUR
• Thsd. EUR

500

• 1,000
• 2,000
• 3,000

25,000 20,000 15,000 10,000 5,000

• Thsd. EUR

2,500 2,000 1,500 1,000 500 6,000 4,000 2,000

• Thsd. EUR

WTI in USD

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Share performance (Xetra)

• 6. Shares

Key information § ISIN DE0007471377 § German Sec. No. 747137 § Ticker NXI § Shares outstanding 6,013,483 § Share capital EUR 6,013,483 § Transparency level Entry Standard § Market segment Open Market § Designated Sponsor Hauck & Aufhäuser, Frankfurt § Investor Relations GFEI, Hannover Shareholder Structure Management 15 % Supervisory board 12 % Others (free float) 73 % Price details (Xetra) Current EUR 0.40 Market Cap EUR 2.41 million 52 week high EUR 1.78 52 week low EUR 0.20

0,00 € 0,50 € 1,00 € 1,50 € 2,00 € 2,50 € 3,00 € 30-Dec-2014 26-May-2016 3.00 € 2.50 € 2.00 € 1.50 € 1.00 € 0.50 € 0.00 €

EUR 0.40

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