RSX Energy

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RSX Energy Inc.

Type	Public (RSX)
Founded	Calgary, Alberta
Headquarters	Calgary, Alberta
Key people	Lee A. Baker, President, David H. England, Vice-President
Industry	Oil and Gasoline
Products	Oil & Gas exploration, production, and refining
Revenue	$23.783 million CAN (2005)
Website	www.rsxenergy.com

RSX Energy Inc. (TSX: RSX, is an oil and gas company which in January 2008 announced a deal that would see it taken over by Talisman Energy. RSX is based in Calgary, Alberta and it is focused on exploration and development in Western Canada.

1 History
2 Profile
3 Corporate governance
4 See also
5 Notes and references
6 External links

[edit] History

Formed in 1997 as a capital pool corporation, the Company completed its qualifying transaction in November 2001, continuing under the name Royal Sovereign Exploration Inc. In 2002, the Company’s name was changed to RSX Energy Inc.

On 18 January 2008 the company agreed a deal for Talisman Energy to buy the company for C$1.70/share in a deal worth C$106 m.^[1]

[edit] Profile

RSX Energy explores for and produces oil and gas. It has interests in wells in the Canadian provinces of Alberta and Saskatchewan, and its core drilling areas are Bezanson/Gold Creek, Willesden Green, and Randell. The group had net proved plus probable reserves of 2.7 billion barrels of oil equivalent (boe) and an average production of 768 boe per day in 2004. It also drilled 25 gross wells, which resulted in 15 oil wells, eight gas wells, and two dry holes, for a 90% drilling success. Its 2005 drilling program includes participation in another 32 gross wells.

[edit] Corporate governance

Current members of the board of directors of RSX Energy Inc. are: Lee A. Baker, James H. Coleman, Ian M. Fergusson, Michael L. Rose, and Edward G. Smith.