News For GMXR From The Last 14 Days Check below for free stories on GMXR the last two weeks.
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February 3, 2012
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| 10:07 EDT |  | GMXR |
| theflyonthewall.com: | Corrected: Gappers reports | | The gapping stocks reports this morning included stocks that traded below $10. All other aspects of the stories remain the same. :theflyonthewall.com |
| | 10:01 EDT | | GMXR |
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February 2, 2012
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| 07:35 EDT |  | GMXR |
| theflyonthewall.com: | GMX Resources upgraded to Hold from Sell at Stifel Nicolaus | | Stifel upgraded GMX Resources based on improved financial position and an encouraging operational update. :theflyonthewall.com |
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February 1, 2012
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| 16:10 EDT |  | GMXR |
| theflyonthewall.com: | GMX Resources provides operational update for 2012 | | GMX Resources announces an operational update on our Bakken development program, provides production guidance for Q1 and year-end 2012 and provides an update on the company's capital expenditures for 2012. Tim Benton, acting VP of Operations said "Securing access to the workover rig is deemed strategic to the Company's plan to establish a meaningful operational footprint as well as the need to remove frac balls and other restrictive materials from the 10,000-foot laterals in the first three operated wells. As noted by other operators in the Williston Basin, workover rigs have become another operational bottleneck as the need to clean out newly completed wells from a higher rig count as well as routine maintenance for a growing population of producing wells stress current capabilities. Furthermore, we believe that a significant portion of our Billings & McKenzie Counties acreage position has been de-risked by us and several other operators." The company has continued to make significant progress in completing the necessary steps to receive permits on both its Federal and State leaseholds. The Company has four additional locations permitted and one in process in McKenzie County, one permitted and seven in process in Billings County and two additional locations permitted in Stark County, North Dakota. In addition to the four wells that they have already elected to participate in, the company has an additional seven wells that we expect to participate in with working interest ranging between 1% and 14% with an average of 5%. :theflyonthewall.com |
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