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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Resaca | RSOX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.50 | 4.50 |
| Top Posts |
|---|
Posted at 08/10/2012 12:11 by targatarga euclid- ageed. As an investor i was more than patient. They wanted cano but couldn't even sort themselves out. |
Posted at 14/7/2009 16:02 by davidhp As I see it, here's the problems with RSOX.a) "In January of 2008, Haas Petroleum Engineering Services valued Resaca's reserves. Utilizing NYMEX commodity price assumptions of $95.98 for oil and $7.48 for natural gas and discounting at 10%, Haas valued Resaca's "2P" reserves at $423 million" Well, sadly for the industry oil is now south of $60 and I re-value the "2P" reserves at a 'rough' (423 / 95.98) * 60.00 giving $264 million (given a similar percentage fall for gas as oil... which is fair) This halves the share price ceiling IMHO from roughly 150p to 75p... we are at a 50%+ discount to that... roughly in line with other larger oilers at the moment (2009July14). b) Nobody trusts the americans right now to be fair, honest nor law abiding and to be honest many have the appearance of crooks in the eyes of international investors... burnt fingers promote long memories! c) If I hadn't seen them in IC, I wouldn't have heard of them. The phrase "boiler room" springs to mind but who can be sure with american small-caps? d) RSOX financing involves the american finance giant, CIT, which is in the last throes of some kind of painful death at the moment... and while a bailout might be on the cards by the panic-striken us government looking to secure the 300,000 jobs sheltering beneath the teetering CIT, nothing can be certain in this climate. The Chinese won't be pleased and since they own the usa right now, via a t*sticle in iron fist combo (50points), further bailouts may not be issued. e) If institutions are dumping RSOX, given they 'appear' at least 50% undervalued, you gotta ask yourself, "What DON'T we know that they 'know' or suspect?" f) ALL their production is in the usa and the usa is, AS THE CHAIRMAN ALLUDES IN HIS REPORT, appearing to teeter on the brink of high oil industry taxation, fiscal collapse and market destruction. If they had overseas production, Asian or European, I'd be tempted to be perfectly honest. IMHonestO I am keeping them in my list but not putting my hard earned their way until at least the CIT issue looks like its near a solution. But that's just me... DYOR |
Posted at 01/7/2009 18:52 by half man half codpiece New Credit Facility RNS Number : 7092U Resaca Exploitation Inc 30 June 2009 ? +------------------- | for IMMEDIATE release | 30 june 2009 | +------------------- Resaca Exploitation, Inc. ("Resaca" or "the Company") New Revolving Credit Facility Resaca (AIM:RSOX), the oil and natural gas production, exploitation, and development company focused on the Permian Basin in the USA, is pleased to announce it has entered into a three-year $50 million Senior Secured Revolving Credit Facility with CIT Capital USA Inc. ("CIT") and NGP Capital Resources Company ("NGP"). The new revolving credit facility replaces Resaca's existing credit facility with NGP, which converted to a term loan on 1 May 2009. The initial borrowing base of the new facility is $35 million and CIT will serve as Administrative Agent. Resaca will pay 5.5% over LIBOR subject to a 2.5% LIBOR floor, for an interest rate of 8%. This reflects a 2% reduction in the Company's interest rate as compared to the prior loan from NGP. In conjunction with closing the new facility, the Company entered into additional natural gas hedges for January 2011 through June 2012 and additional oil hedges for June 2011 through June 2012. Jay Lendrum, Chief Executive Officer of Resaca, commented: "We are extremely pleased to close our new revolving facility in these challenging times. The new facility will provide liquidity and lower our borrowing rate. Also, we are excited to establish a new long-term relationship with CIT while continuing our relationship with NGP, which has been with us since our formation." For further information please contact: +------------------- | Resaca Exploitation, Inc. | | +------------------- | J.P. Bryan, Chairman | +1 713-753-1300 | +------------------- | John J. ("Jay") Lendrum, III, Chief Executive | +1 713-753-1400 | | Officer | | +------------------- | Dennis Hammond, President | +1 713-753-1281 | +------------------- | Chris Work, Chief Financial Officer | +1 713-753-1406 | +------------------- | | | +------------------- | Buchanan Communications (Investor Relations) | +44 (0)20 7466 5000 | +------------------- | Tim Thompson | | | Catherine Breen | | | Katharine Sutton | | +------------------- | | | +------------------- | Seymour Pierce Limited (Nomad and Joint | +44 (0)20 7107 8000 | | Broker) | | +------------------- | Jonathan Wright | | | Richard Redmayne | | +------------------- | | | +------------------- | RBC Capital Markets (Joint Broker) | +44 (0)207 653 4667 | +------------------- | Sarah Wharry | | +------------------- About Resaca Resaca is an independent oil and natural gas production, exploitation, and development company based in Houston, Texas. Resaca is focused on the acquisition and exploitation of long-life oil and gas properties, utilizing a variety of primary, secondary and tertiary recovery techniques. Resaca's current properties are located in the Permian Basin of West Texas and Southeast New Mexico. Additional information is available at www.resacaexploitati |
Posted at 18/7/2008 10:33 by papalpower Resaca Exploitation joins AIMThursday, July 17, 2008 With a market capitalisation of £120 million, Resaca Exploitation, an E&P company with interests onshore US today joined AIM. Resaca's current properties comprise a number of mature oil & gas fields located in the Permian Basin of West Texas and Southeast New Mexico. As at 1 January 2008, Resaca had proved and probable reserves of 28.1 MMbbIs of oil and 19.3 Bcf of gas with an after tax NPV10 of $423.7 million Net production from proved and probable reserves on all the Company's properties is projected to be 3,700 boe/d through primary and secondary recovery by the end of 2011 and to exceed 6,700 boe/d through the addition of tertiary recovery by the end of 2014. During 2007, Resaca's average net revenue interest production was approximately 760 boe/d Jay Lendrum, Chief Executive Officer, said: 'We are delighted to be commencing dealings on the AIM market of the London Stock Exchange today against what is a challenging global economic backdrop. The response we have received from investors to our oversubscribed Placing has been very encouraging. 'Resaca is committed to the use of tertiary recovery methods such as the injection of sequestered CO2 into oil reserves. These methods will not only enable the Company to double or triple production rates, but will also benefit the environment by reducing emissions into the atmosphere. 'We look forward to updating shareholders on our progress, both in terms of increasing production output and reviewing potential opportunities for new assets to expand our interests in the Permian Basin and in the longer term, outside the US.' |
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