SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Ziebarth Randy

(Last)

(First)

(Middle)

C/O RESACA EXPLOITATION, INC.

1331 LAMAR, SUITE 1450

(Street)

HOUSTON

77010

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/23/2010

3. Issuer Name and Ticker or Trading Symbol
Resaca Exploitation, Inc. [ RSOX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President - Operations

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock⁽¹⁾⁽²⁾	85,658.8⁽³⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. Amount of securities beneficially owned assumes: (i) the consummation of a one-for-five reverse stock split (the "Reverse Stock Split") of the common stock of Resaca Exploitation, Inc. (the "Issuer") effective immediately prior to the registration with the Securities and Exchange Commission, and the public offering and listing in the United States, of common stock of the Issuer and (ii) the merger of Cano Petroleum, Inc. with a subsidiary of the Issuer (the "Merger").

2. Upon consummation of the Merger, the reporting person will resign as an officer of the Issuer and will therefore no longer be subject to Section 16 of the Securities Exchange Act of 1934, as amended, concerning holdings of equity securities of the Issuer. The reporting person will continue employment with Torch Energy Advisors following the Merger and may continue to perform services for the Issuer through the services agreement between the Issuer and Torch Energy Advisors.

3. Represents 85,658.8 of 92,258.8 restricted shares of common stock awarded to the reporting person on July 17, 2008. 30,753 of such shares vested on July 17, 2009, 30,753 of such shares will vest on July 17, 2010, and 30,752.8 of such shares will vest on July 17, 2011. The reporting person has disposed of 6,600 of the vested shares. As a result of the Reverse Stock Split, such award entitles the reporting person to a fractional share of stock upon final vesting of such award. Upon its vesting, the reporting person expects to receive cash consideration in lieu of the fractional share scheduled to vest on July 17, 2011.

	/s/ Randy Ziebarth	06/19/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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