TIDMRSOX

RNS Number : 1176F

Resaca Exploitation Inc

19 April 2011

 
 for IMMEDIATE release   19 APRIL 2011

Resaca Exploitation, Inc.

("Resaca" or "the Company")

Change of Advisors

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 the appointment of finnCap Limited as its nominated advisor ("Nomad") and sole broker with immediate effect.

Commenting on the appointment, J.P. Bryan, Chairman and CEO of Resaca, said:

"We are looking forward to working with finnCap as we continue our efforts to increase Resaca's shareholder value."

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 
  Ben Romney 
  Chris McMahon 
 
 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

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