GMXR

GMXR is an E&P Company with 319.3 BCFE in proved reserves at July 31, 2011, and 1.6 TCFE + 186MM BO of total proved and potential resources. During the first half of 2011 the Company has acquired leases in excess of 75,000 net acres in the Bakken Petroleum System in North Dakota and Montana as well as the Niobrara Formation in Wyoming. The Company’s historical core properties in East Texas contain our gas resource play on the Sabine Uplift; Carthage, North Field, in Panola & Harrison County. Our current development plan for the Bakken System began in second quarter 2011 with the deployment of our first Bakken focused rig and plans are to deploy a second rig in the play beginning in the fourth quarter of 2012. The Company projects to have 172 operated locations in the Bakken with an unrisked resource potential of 45 MMBBLs of oil. Our Niobrara development plan is also underway with the agreement to participate in existing 3D seismic shoot as well as to conduct one of our own that combined will provide us the geological analysis necessary to proceed with full scale development. The Company has elected to temporarily suspend future drilling of East Texas gas resource play effective July 2011 until pricing and/or costs improve yielding comparative economics to our oil development programs. Virtually all of our East Texas core properties are held by production and we do anticipate resuming our Haynesville/Bossier drilling program sometime in 2013. In addition to the resource rich plays we are currently developing the Company owns a 60% membership interest in Endeavor Gathering LLC which is a midstream gas gathering operation that currently has 109 miles of pipeline, both high and low pressure, 25,000 horsepower of compression.

The Company, headquartered in Oklahoma City, Oklahoma with a regional office in Denver Colorado has the potential to operate in 35,524 net acres in the Bakken, 40,191 net acres in the Niobrara 25,224 net Haynesville/Bossier acres and 46,637 net Cotton Valley Sands acres. The Company's strategy is to grow shareholder value through acceleration of development and acreage additions achieving operational growth around its core areas, converting its oil and natural gas reserves to proved while maintaining balanced prudent financial management.

Investment Highlights:

• High quality asset base with a geographic focus on three basins: Bakken/Sanish- Three Forks, Niobrara and Haynesville/Bossier.
• Significant upside potential with the development of newly acquired oil resource assets and the ability to allocate capital to the highest risk-adjusted rate of return.
• Experienced operator with a proven track record of drilling success.
• Strong price realizations & low cost structure produce favorable margins.
• Actively protect our production to provide greater certainty of cash flows and earnings through a rolling thirty six month hedging strategy.
• Opportunistically seek to acquire acreage in our three core areas

Click here for a description of GMXR reserves
Click here for core drilling areas
Click here for a view of multi-year inventory