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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Resaca | LSE:RSOX | London | Ordinary Share | 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% | 4.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRSOX
RNS Number : 9831L
Resaca Exploitation Inc
09 August 2011
for IMMEDIATE releasE 9 AUGUSt 2011
Resaca Exploitation, Inc.
("Resaca" or "the Company")
Grant of Options
Resaca (AIM: RSOX), the oil and natural gas production, exploitation, and development company focused on the Permian Basin in the USA, announces that on 8 August 2011 it granted the following options to directors:
Name and Role No. of options -------------------------------- ---------------- Judy Ley Allen, Director 30,000 options -------------------------------- ---------------- John Bentley, Director 30,000 options -------------------------------- ---------------- James Perry Bryan, Director and 100,000 options CEO -------------------------------- ---------------- John J. Lendrum, III, Director 30,000 options -------------------------------- ---------------- R. Kelly Plato, Director 30,000 options -------------------------------- ----------------
All of the above options are exercisable at $1.45 per share and vest in 1/3(rd) increments on the first, second and third year anniversaries of the date of grant. They are exercisable from the date of vesting until the date which is the eighth year anniversary of the date of vesting.
For further information please contact:
Resaca Exploitation, Inc. J.P. Bryan, Chairman and Chief Executive Officer +1 713-753-1300 John J. ("Jay") Lendrum, III, Vice Chairman +1 713-753-1400 Dennis Hammond, President and Chief Operating Officer +1 713-753-1281 Chris Work, Chief Financial Officer +1 713-753-1406 Buchanan Communications (Investor Relations) +44 (0)20 7466 5000 Tim Thompson Helen Chan Ben Romney finnCap Limited (Nomad and Broker) + 44 (0) 20 7600 1658 Sarah Wharry, Corporate Finance Victoria Bates, Corporate Broking
About Resaca
Resaca is an independent oil and gas development and production 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.resacaexploitation.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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