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Resaca Exploitation (RSOX) |


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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals LogMeIn Invesco Mortgage Capital Medidata Chemspec |
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]
ReferencesCategories: Topic | IPO | Energy | Oil & Gas Drilling



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