Share Name Share Symbol Market Type Share ISIN Share Description
Resaca LSE:RSX London Ordinary Share US76083G3020 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $2.69 $0.00 $0.00 - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Resaca Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
01/8/2006
12:39
I've set up a new thread for XTR: Extract with Charts & News (XTR)
wiganer
18/5/2006
12:43
Red Thanks for that. I had tried XTR on my monitor earlier this morning and couldn't get it. Now I tried and it came up. P1
phil0001
18/5/2006
10:18
Yes, Xtract Energy is now trading and the code is XTR.
red ninja
18/5/2006
07:55
Does anyone know if Resmex have changed their name to Xtract Energy? I know it was annonced on 2 may (AGM) but when does it change and what's the new ticker? P1
phil0001
18/5/2006
06:49
"Speculation that Resmex is poised to announce a breakthrough technological development in alternative hydrocarbon production" in the Independent today apparently!!
jimbill
17/5/2006
16:49
Red I can't find anything. Checked the web page. It's easy to see why someone could be interested in oil shale technology or gold exploration but why the jump today.....? Hopefully they have advanced one of the projects and an announcement will follow. P1
phil0001
17/5/2006
13:18
Nice 2p move upwards. Anyone seen any news ?
red ninja
25/4/2006
15:17
Couple of about £30k buys today. Someones having a largish punt on Resemex.
red ninja
04/4/2006
07:35
Resmex plc 04 April 2006 RESMEX PLC ('Resmex' or the 'Company') Preliminary results for the year ended 31 December 2005 HIGHLIGHTS . Listed on AIM in March 2005 . In August 2005, acquired 100% of Sermines de Mexico S.A. de C.V., a company which owns mineral exploration and development rights in three concessions in the California-Sonora Gold Belt in Mexico . In October 2005, acquired 21.7% of the issued share capital of Xtract Oil Limited, a new company that intends to develop the technology for oil extraction from oil shale minerals . In October 2005, agreed to acquire mining tenements in Queensland from Intermin Resources Limited, mainly in an area known as Julia Creek . In process of application for petroleum exploration permits in the south island of New Zealand for oil shale deposits . In February 2006, completed the acquisition of the remaining 78.3% of Xtract Oil Limited. . John Newton appointed to the board of the Company as Chief Executive Officer with effect from 10 March 2006. John Newton has a background in international stockbroking, accounting and corporate finance and has been a director of a number of quoted companies in Australia and Canada For further information, please contact: Sue Wickerson John Newton Resmex plc Resmex plc Tel: +44 (0) 20 8466 0406 Tel: +61 (3) 9654 1776 Chairman's Statement Established in October 2004, Resmex plc has had an exciting first year of development. In August 2005, the Company acquired Sermines de Mexico S.A. de C.V., which owns mineral exploration and development rights in three concessions in the California-Sonora Gold Belt in Mexico. The result of limited exploration which has been undertaken at the concessions has been encouraging. In February 2006, Resmex completed the acquisition of Australian company Xtract Oil Limited ('Xtract'). Xtract is a new company that intends to develop the technology for oil extraction from oil shale minerals. Resmex has a significant portfolio of oil shale resource tenements in Australia and has applied for exploration permits in New Zealand. Oil shale has been the subject of investigation as a source of oil for many years. World resources of oil shale are believed to be extremely large However, the inefficient and environmentally damaging nature of the technology currently employed in the extraction process and the relatively low cost of finding and producing oil from conventional sources has been a barrier to commercial development of oil shale resources. The development of new extraction technologies and the rising world demand for oil have re-awakened interest in oil shale. The development of Xtract's technology could produce liquid hydrocarbons to address the global decline of conventional oil reserves with significant environmental benefits and higher yields over previously tried extraction methods. For Xtract to bench test and commercially develop a technology for hydrocarbon extraction access to an oil shale is required as this is not a commodity which is commercially traded. Resmex has acquired mining tenements in Queensland from Intermin Resources Limited, mainly in an area known as Julia Creek. The Julia Creek deposits are estimated to contain substantial quantities of oil. In one particular part of the deposit there are an estimated 415 million barrels of in situ resources. As an active and involved investor, the Company is focused on the business of overseeing the development of the Xtract Technology and the related kerogen extraction at the Resmex Tenements. The Board has extensive public company and commercial experience as well as petroleum industry experience in both upstream and down stream operations. With an experienced board and sound investment strategy, we are looking forward to long term growth. Robert J. Annells Chairman 3 April 2006 Income Statement For the year ended 31 December 2005 Notes 2005 £000 Administrative and Operating Expenses Amortisation of intangibles 21 Consulting Fees 37 Directors Fees 12 Share-based payments expense 79 Office General 32 Professional fees 33 Other 8 Foreign Exchange (gain)/loss (1) ----- Operating loss (221) Share of loss of associate (24) Investment revenues 25 ----- Loss before taxation (220) Income tax expense - ----- Loss for the period (220) ===== Net loss per share - Basic & diluted 2 (0.21)p Balance Sheet At 31 December 2005 2005 £000 Notes Assets Non-current assets Intangible assets 81 Investment in associate 3 412 ------ 493 ------ Current assets Cash and cash equivalents 1,321 Prepaid expenses 12 Trade and other receivables 1 ------ 1,334 ------ Total assets 1,827 ====== Equity and liabilities Capital and reserves Share capital 199 Share premium reserve 1,756 Share based payments reserve 33 Retained earnings (220) ------ Total equity 4 1,768 ------ Current liabilities Trade and other payables 5 59 ------ Total liabilities 59 ------ Total equity and liabilities 1,827 ====== Cash Flow Statement For the year ended 31 December 2005 2005 £000 Operations Operating loss for the period (221) ----- Adjustments for: Amortisation of intangible assets 21 Share based payment expense 79 ----- Operating cash flows before movement in working capital (121) Changes in working capital: Increase in receivables (12) Increase in payables 59 ----- Net cash used in operating activities (74) ===== Investing Activities Interest received 25 Acquisition of intangible assets (21) Acquisition of investment in an associate (436) Acquisition of subsidiary (82) ----- Net cash used in investing activities (514) ----- Financing activities Proceeds of issue of shares 2,010 Flotation expenses (101) ----- Net cash from financing activities 1,909 ----- Net increase in cash and cash equivalents 1,321 ----- Cash and cash equivalents at the end of the period 1,321 ===== Notes 1. Accounting policies The financial information contained in this document does not constitute statutory accounts within the meaning of section 240 of the Companies Act 1985 but has been extracted from the audited statutory accounts for the year ended 31 December 2005. The audited statutory accounts received an unqualified auditors' report which did not contain a statement under section 237 of the Companies Act 1985 and will be delivered to the Registrar of Companies in due course. The statutory accounts have been prepared in accordance with International Financial Reporting Standards and on the historical cost basis, except for the revaluation of certain investments. The statutory accounts have been prepared using the accounting policies set out in the statutory accounts for the year ended 31 December 2005. 2. Net loss per share The calculation of the basic and diluted net deficit per share attributable to the ordinary equity holders of the parent is based on the following data: Earnings 2005 £000 Earnings for the purposes of basic earnings per share - loss for the period attributable to equity holders of the parent (220) ===== Numbers of shares 2005 Weighted average number of ordinary shares for the purposes of basic earnings per share: 102,744,761 =========== Since the end of the reporting period an additional 57,471,250 shares were issued in connection with the acquisition of Xtract Oil Limited and a further 30,000,000 were issued pursuant to the acquisition of mining tenements from Intermin Resources Limited. 3. Investment in associate In October 2005, the Group acquired 21.7 per cent of the issued share capital of Xtract Oil Ltd. The investment has been accounted for by the equity method of accounting. 2005 £000 Cost of investment in associate 436 Share of post-acquisition loss (24) ----- 412 ===== Summarised financial information in respect of the Group's interest in associate is set out below: 2005 £000 Total assets 156 Total liabilities - ----- Net assets 156 Group's share of associate's net assets 34 ===== Revenue - Loss for the period (111) Group's share of associate's profit for the period (24) 4. Equity Ordinary Shares Share Share Retained Total Premium Based Earnings Share- Reserve Payments holders' Reserve Equity £000 £000 £000 £000 Number Share Capital £000 Balance on incorporation 2 - - - - - Sub division of each 1p share into 10 0.1p shares 18 - - - - - Share issue 49,999,980 50 - - - 50 Share issue 88,500,000 89 796 - - 885 Share issue costs n/a - (87) - - (87) Share issue 3,088,550 3 43 - - 46 Share issue 56,000,000 56 1,004 - - 1,060 Share issue 1,500,000 1 14 - - 15 Share based payments n/a - - 33 - 33 Share issue costs - - (14) - - (14) Net loss - - - - (220) (220) ------------ ---- ----- --- ----- ----- Balance at 31 December 2005 199,088,550 199 1,756 33 (220) 1,768 ============ ==== ===== === ===== ===== 5. Trade and other payables 2005 £000 Trade creditors and accruals 59 ---- 59 ==== Trade creditors and accruals principally comprise amounts outstanding for trade purchases and ongoing costs. The directors consider that the carrying amount of trade payables approximated their fair value. 6. 2005 Annual Report and Financial Statements Copies of the 2005 Annual Report and Financial Statements will be sent to shareholders in due course. Further copies will be available from the Company's nominated adviser, Smith & Williamson Corporate Finance Limited, 25 Moorgate, London EC2R 6AY, free of charge.
red ninja
30/3/2006
12:52
How about some graphs in the header (please)
cestnous
30/3/2006
12:24
Nice boost in price today with some chunk buys. Has RSX been tipped I wonder.
red ninja
21/2/2006
09:29
In the RNS they said :- Xtract is investigating and developing a technology for the processing of oil shale. It is intended that the Xtract Technology will produce refinery-acceptable crude oil from the kerogen contained in the oil shale. The Xtract Technology is a method of processing oil shale in the presence of hydrogen and solvents, known as supercritical solvent hydrogenation. Validation of the experimental work and development of a commercial process would result in intellectual property which may be licensed for use with oil shale deposits throughout the world. There is a substantial shortfall in oil production in Australia leading to increasing imports of oil; if successful and commercially viable, Xtract's proposed processes will enable an additional supply of crude oil for the Australian market. Xtract, in conjunction with external consultants, has designed and intends to operate an experimental programme to carry out extractions using representative oil shale samples and assess the key risks inherent in the process. Xtract's intellectual property and licensing strategy The primary objectives of Xtract is to develop a technology for the extraction of oil from kerogen in oil shale which is capable of protection and licensing. The intellectual property developed through this work will be owned by Xtract and protected for future commercial licensing, on a world-wide basis.
red ninja
20/1/2006
15:26
regarding the RNS this afternoon for a reverse takeover Any ideas about there process of extracting crude oil from shale oil deposits ? seem to recall some1 tried a steam injection but without success. I believe the largest shale oil deposits in the world are situated in Canada IF RSX can crack this process in a commercial form this would surely drive the price of crude down.... as it opens the flood gates to additional new stable oil sources, however by possible driving down the price of crude will this make the project uneconomic...........
bots24
03/11/2005
16:34
What a curious days trading of this then .
linslader
03/11/2005
11:40
My mate Sam was giving me real grief for mentioning these to him and tempting him to buy some. He is one happy Bennion now!!!! Regards Crabby
crab4t
12/10/2005
11:36
You from the Plain ??
double6
12/10/2005
11:29
On the up. Big time
ann field
12/9/2005
16:37
Looks like a sizable buy after hours .
linslader
09/9/2005
11:52
hmmmmmm somethings going on
linslader
09/9/2005
11:24
Depends on what sparked the leap yesterday.
linslader
09/9/2005
10:50
back to 2p ??
sportbilly1976
09/9/2005
09:03
Maybe after lunch then.
linslader
09/9/2005
06:51
more of the same - today with some news maybe??
sportbilly1976
08/9/2005
19:38
HTH and HCR are other possible very big gainers in the short term.
optimist23
08/9/2005
16:13
they didn't get many sells, so they'll be wanting a few more tomorrow.
linslader
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