Resaca provides an updated reserve study as of 30 June 2012 for the Company's oil and gas properties and to provide an update on the Company's production.

As of 30 June 2012, Resaca's proved and probable (2P) reserves were 27.7 million barrels (MMbbls) of oil and 13.5 billion cubic feet (Bcf) of natural gas, for a total of 30.0 million barrels of oil equivalent (MMboe).

This represents 0.1 MMboe increase in Resaca's 2P reserves since 30 June 2011 after realization of 0.3 MMboe of production during the fiscal year ended 30 June 2012. The Company's proved reserves represented 48% of the 2P reserves as of 30 June 2012.

Tags: Resaca Exploitation