Grant of Options (9831L)
09 August 2011 - 4:00PM
UK Regulatory
TIDMRSOX
RNS Number : 9831L
Resaca Exploitation Inc
09 August 2011
for IMMEDIATE releasE 9 AUGUSt 2011
Resaca Exploitation, Inc.
("Resaca" or "the Company")
Grant of Options
Resaca (AIM: RSOX), the oil and natural gas production,
exploitation, and development company focused on the Permian Basin
in the USA, announces that on 8 August 2011 it granted the
following options to directors:
Name and Role No. of options
-------------------------------- ----------------
Judy Ley Allen, Director 30,000 options
-------------------------------- ----------------
John Bentley, Director 30,000 options
-------------------------------- ----------------
James Perry Bryan, Director and 100,000 options
CEO
-------------------------------- ----------------
John J. Lendrum, III, Director 30,000 options
-------------------------------- ----------------
R. Kelly Plato, Director 30,000 options
-------------------------------- ----------------
All of the above options are exercisable at $1.45 per share and
vest in 1/3(rd) increments on the first, second and third year
anniversaries of the date of grant. They are exercisable from the
date of vesting until the date which is the eighth year anniversary
of the date of vesting.
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
Victoria Bates, 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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