Resaca Share Discussion Threads

[papalpower] 21/7/2008 03:41

Major holders :


NGP Capital Resources Company 7.13%

SDG Holdings, LLC 6.23%

Resaca Exploitation GP, LLC 5.75%

Torch E&P Company 4.74%

HRB Oil & Gas, Ltd. 4.15%

Michael DeGroote 4.15%

Beeson Sirota Partnership 4.15%

RTR, LLC 3.56%

Permian Basin Convert, L.L.C. 3.56%

D.B. Zwirn Special Opportunities Fund, L.P. 3.56%

[papalpower] 20/7/2008 03:35

Admission Document :




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[papalpower] 18/7/2008 10:33

Resaca Exploitation joins AIM


Thursday, 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.'