GMXR is a 'Pure Play', E & P Company with one of the most concentrated H/B Hz Shale Operations in East Texas. The Company has 355 BCFE in proved reserves (YE2009), 94% of which are natural gas. The Company's proved reserves are 81% operated and consist of 19.0 gross/18.6 net H/B Hz producers, 324 gross / 186.9 net Cotton Valley Sand ("CVS") producers and 47 net Travis Peak / Hosston Sands & Pettit producers. These multiple resource layers provide high probability and the potential for repeatable, organic growth and contain 273 net H/B Hz un-drilled locations and 1,382 net CVS un-drilled locations.