OKLAHOMA CITY, Nov. 22, 2011 (GLOBE NEWSWIRE) -- GMX RESOURCES INC., (NYSE:GMXR) (the "Company" or "GMXR"), reports today that members of the Company's management team will be presenting at two upcoming energy conferences in early December. The Company's President, Mr. Michael J. Rohleder will present at the Jefferies 2011 Global Energy Conference at the St Regis Hotel located at 1919 Brian Oaks Lane Houston, TX on Thursday, December 1, 2011 from 4:00 to 4:30 CST. In addition, Mr. Rohleder will be presenting at the Capital One Southcoast Energy Conference at the Omni Royal Orleans Hotel located at 621 St. Louis St. New Orleans, LA on Wednesday, December 7, 2011 from 11:40 to 12:00 CST. A copy of the presentations for these upcoming conferences will be available on the Company website prior to the presentations. (Visit www.gmxresources.com for more information on the Company)
GMXR is a resource play rich E&P company with Potential Reserves of 186 MMBOE + 1.6 TCF Reserve and approximately 1,500 gross & 700 Net Horizontal Undrilled Locations; Oil shale resources are in the Bakken (North Dakota / Montana) targeting the Bakken Petroleum System and the DJ Basin (Wyoming) targeting the Niobrara Petroleum System; both plays are 90% oil. Our natural gas resources are located in the East Texas Basin, in the Haynesville/Bossier gas shale and the Cotton Valley Sand Formation, where the majority of our acreage is contiguous, with a mature infrastructure and held by production. We believe these oil and natural gas resource plays provide a substantial inventory of operated, high probability, repeatable, organic growth opportunities. The Company believes multiple basins and both oil and natural gas resource choices provide us with flexibility to allocate capital to achieve the highest risk adjusted rate of return on our portfolio. Please visit www.gmxresources.com for more information on the Company.
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This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. They include statements regarding the Company's financing plans and objectives, drilling plans and objectives, related exploration and development costs, number and location of planned wells, reserve estimates and values, statements regarding the quality of the Company's properties and potential reserve and production levels. These statements are based on certain assumptions and analysis made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes appropriate in the circumstances, including the assumption that there will be no material change in the operating environment for the Company's properties. Such statements are subject to a number of risks, including but not limited to the completion of announced acquisitions, commodity price risks, drilling and production risks, risks relating to the Company's ability to obtain financing for its planned activities, risks related to weather and unforeseen events, governmental regulatory risks and other risks, many of which are beyond the control of the Company. Reference is made to the Company's reports filed with the Securities and Exchange Commission for a more detailed disclosure of the risks. For all these reasons, actual results or developments may differ materially from those projected in the forward-looking statements.