Resaca Exploitation (RSOX)

QUOTE AND NEWS
OilVoice  Jul 1  Comment 
Resaca Exploitation Inc. announced the closing of its previously announced disposition of substantially all of Resaca39s assets to Legacy Reserves LP as described in the Circular dated May 30 201
OilVoice  May 1  Comment 
Rialto Energy LONRIA announced this morning that it has entered into an agreement with Vantage Drilling Company regarding payment terms in relation to the early termination of the rig contract rega
OilVoice  Mar 7  Comment 
Resaca AIMRSOX the oil and natural gas production exploitation and development company focused on the Permian Basin in the USA announces an update on certain corporate matters. Further to the
OilVoice  Dec 19  Comment 
KBC Advanced Technologies LONKBC announced this morning that it has signed a major new contract with EP PETROECUADOR for the supply of a Best Practices Plan for the Technical and Operating Sector o
OilVoice  Dec 19  Comment 
Resaca AIMRSOX the oil and natural gas production exploitation and development company focused on the Permian Basin in the USA announces an update on certain corporate matters. On 8 October 20
Benzinga  Nov 5  Comment 
Resaca Exploitation posted a pretax profit in the year ended June 30. Resaca Exploitation posted a pretax profit of $6.529 million, versus a year-ago loss of $7.25 million. Its oil and gas revenue came in at $22.0 million. Its EPS came in...
OilVoice  Nov 5  Comment 
Resaca AIMRSOX the oil and natural gas production exploitation and development company focused on the Permian Basin in the USA is pleased to announce its results for the fiscal year ended 30 Ju
OilVoice  Oct 31  Comment 
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 an updated reserve study as of 30 June 20
OilVoice  Oct 8  Comment 
Resaca AIMRSOX the oil and natural gas production exploitation and development company focused on the Permian Basin in the USA announces an update on certain corporate matters. After considera
OilVoice  Sep 13  Comment 
Resaca AIMRSOX the oil and natural gas production exploitation and development company focused on the Permian Basin in the USA announces an update on certain corporate matters. As announced in




 
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Resaca Exploitation (RSOX) (NYSE:RSOX) is an oil and gas exploitation company. It focuses on West Texas and southeast New Mexico. It exploits oil and gas reserves, rather than the typical exploration operations. The company has reserves of 63.3 MMBOE. The company also has 75,000 gross acres. [1]

The company faces market risks. As an exploitation company, it must be able to acquire new assets. If the capital markets are illiquid, the company might not be able to gather the capital needed to acquire new property. Furthermore, the changes in the price per barrel of oil affects the company's revenues. [1]

The company's initial public offering of stock filed on the NYSE with an initial price range of $3.20 - $3.60. The company plans to offer 20 million shares to raise $68 million. [1]

For FY2009 with year ended 30 June 2009, the company reported total operating revenues of $14.15 million, down 23.76% from $18.56 million in total operating revenues for 30 June 2008. Furthermore, the company reported a net income of $2.71 million for FY2009, a large increase from a net loss of $17.5 million for FY2008. [1]

References

  1. 1.0 1.1 1.2 1.3 Resaca Exploitation S-1/A
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