Recommendations » UK
Resaca Exploration (LON:RSOX) report: Interim Results
March 16, 2010, Tuesday, 10:38 GMT | 06:38 EST | 16:08 IST | 18:38 SGT
By Daniel Stewart & Co
- E&P company focused on the Permian basin in the US
- Net production of 620BOE/d with current production 700 BOE/d
- Net income loss of $5m; EBITDA $2.3m (includes non-recurring charges on Cano merger)
- The company will be dual listed (AMEX / AIM) following the merger
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