Resaca Exploitation Inc Closing of Disposition to Legacy Reserves (2142I)

TIDMRSOX

RNS Number : 2142I

Resaca Exploitation Inc

01 July 2013

Resaca Exploitation, Inc.

Announces Closing of Disposition to Legacy Reserves

Resaca Exploitation, Inc. ("Resaca") announced today the closing of its previously announced disposition of substantially all of Resaca's assets to Legacy Reserves LP as described in the Circular dated May 30, 2013 relating to Resaca's Special Meeting of the Shareholders held on June 25, 2013. A copy of the Circular is also available on the Company's website (www.resacaexploitation.com).

In addition, as previously announced, Resaca now expects to embark on a voluntary liquidation process and complete the wind up of Resaca.

 
   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 
   Phillip R. Smith, Vice President and Chief 
    Financial Officer                                        +1 713-753-1335 
   David Love, Vice President and Treasurer                  +1 713-756-1755 
   Buchanan (Investor Relations)                       +44   (0)20 7466 5000 
   Tim Thompson 
   Ben Romney 
   finnCap Limited (Nomad and Broker)                 + 44  (0) 20 7220 0500 
   Matt Goode, Corporate Finance 
   Christopher Raggett, Corporate Finance 
   Victoria Bates, Corporate Broking

This information is provided by RNS

The company news service from the London Stock Exchange

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