GMX Resources (ticker: GMXR) is an oil and natural gas exploration and production company targeting oil prospects in the Williston Basin Bakken/Three Forks, and the DJ Basin Niobrara. GMXR also operates in the Haynesville/Bossier Formation and the Cotton Valley Sand Formation in the East Texas Basin.

On July 17, 2012, GMXR proposed a sale of a portion of its Cotton Valley Sand liquids rich natural gas properties located in East Texas. GMXR reported in the news release they expect a sale to occur during Q3’12.
OAG360 Comments:
GMXR plans to se...

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