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GMXR is
a 'Pure Play', E & P Company with one of the most
leveraged Haynesville / Bossier (H/B) Horizontal 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 279 net "Capital Core" H/B Hz un-drilled locations; 12
gross / 11.9 net H/B producers, and 324 gross / 186.9 net
Cotton Valley Sand ("CVS") producers; 1,382 net CVS acre
un-drilled locations; and 47 net Travis Peak / Hosston
Sands & Pettit producers. These multiple resource layers
provide high probability and the potential for repeatable,
organic growth. |