Resaca Share Discussion Threads

[wiganer] 01/8/2006 13:39

I've set up a new thread for XTR:

Extract with Charts & News (XTR)

[phil0001] 18/5/2006 13:43

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

[red ninja] 18/5/2006 11:18

Yes, Xtract Energy is now trading and the code is XTR.

[phil0001] 18/5/2006 08:55

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

[jimbill] 18/5/2006 07:49

"Speculation that Resmex is poised to announce a breakthrough technological development in alternative hydrocarbon production" in the Independent today apparently!!

[phil0001] 17/5/2006 17:49

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

[red ninja] 17/5/2006 14:18

Nice 2p move upwards.

Anyone seen any news ?

[red ninja] 25/4/2006 16:17

Couple of about £30k buys today.

Someones having a largish punt on Resemex.

[red ninja] 04/4/2006 08:35

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: [phone] Tel: [phone]


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.

[cestnous] 30/3/2006 13:52

How about some graphs in the header (please)

[red ninja] 30/3/2006 13:24

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.

[bots24] 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...........

[linslader] 03/11/2005 16:34

What a curious days trading of this then .

[crab4t] 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

[double6] 12/10/2005 12:36

You from the Plain ??

[ann field] 12/10/2005 12:29

On the up. Big time

[linslader] 12/9/2005 17:37

Looks like a sizable buy after hours .

[linslader] 09/9/2005 12:52

hmmmmmm somethings going on

[linslader] 09/9/2005 12:24

Depends on what sparked the leap yesterday.

[sportbilly1976] 09/9/2005 11:50

back to 2p ??

[linslader] 09/9/2005 10:03

Maybe after lunch then.

[sportbilly1976] 09/9/2005 07:51

more of the same - today with some news maybe??

[optimist23] 08/9/2005 20:38

HTH and HCR are other possible very big gainers in the short term.

[linslader] 08/9/2005 17:13

they didn't get many sells, so they'll be wanting a few more tomorrow.