Closing of property acquisition (8957L)
08 August 2011 - 8:00AM
UK Regulatory
TIDMRSOX
RNS Number : 8957L
Resaca Exploitation Inc
08 August 2011
for IMMEDIATE release 8 AUGUST 2011
Resaca Exploitation, Inc.
("Resaca" or "the Company")
Closing of property acquisition
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 that it has closed the
previously announced acquisition of Permian Basin oil and gas
properties for $4.4 million in cash and 841,308 shares of newly
issued Resaca common shares.
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
Stephen Norcross, 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
END
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