RSX Energy Inc. was an oil

Oil

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 and gas

Gas

Gas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...

 company which January 2008 was acquired by Talisman Energy

Talisman Energy

Talisman Energy Inc. is one of Canada's largest petroleum SB companies. Based in Calgary, Alberta, Talisman Energy has operations around the globe including: Canada and the United States of America in North America; Colombia and Peru in South America; Algeria in North Africa; United Kingdom,...

. RSX was based in Calgary

Calgary

Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...

, Alberta

Alberta

Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...

 and it was focused on exploration

Exploration

Exploration is the act of searching or traveling around a terrain for the purpose of discovery of resources or information. Exploration occurs in all non-sessile animal species, including humans...

 and development in Western Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

.

History

Formed in 1997 as a capital pool corporation

Corporation

A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...

, 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.

Profile

RSX Energy explored for and produces oil and gas. It had 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.

Future Projects

Lee Baker, President of RSX Energy, formed Nordegg Resources Inc. following the successful sale to Talisman Energy.

Corporate governance

Members of the board of directors

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

 of RSX Energy Inc. were: Lee A. Baker, James H. Coleman, Ian M. Fergusson, Michael L. Rose, and Edward G. Smith.

External links

• RSX Energy Inc. Official Homepage
• http://www.nordeggresources.com/