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GMXR
is a 'Pure Play', E & P Company with one of the most
leveraged Haynesville / Bossier Horizontal Shale
Operations in East Texas. The Company has 465 Bcfe in
proved reserves (YE2008); 94% natural gas. The reserve
potential is 81% operated and consists of 770 gross / 529
net Haynesville / Bossier 80 acre horizontal un-drilled
locations; 5 gross / 5 net H/B producers, and 324 gross /
186.9 net Cotton Valley Sand ("CVS") producers; 2,657
gross / 1,974 net CVS un-drilled locations; and 45 gross /
37.5 net Travis Peak / Hosston Sands & Pettit producers.
These multiple resource layers provide high probability
and potentially repeatable, organic growth. |