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February 19, 2013
07:42 EDTGMXRGMX Resources reports 2012 total estimated proved reserves 35.6M BOE
The company is continuing to explore and evaluate options for its capital needs, as well as continuing to evaluate and finalize its 2013 budget for capital expenditures based on its available liquidity. In connection with its evaluation, the company plans to retain a financial advisor to assist the Board and senior management in its ongoing exploration of a variety of financing alternatives, including a potential restructuring of the company's balance sheet in light of its current liquidity and cash needs.
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