On March 1, 2012, GMX Resources Inc. (NYSE: GMXR) announced its financial and operating results for Q4’11 and the fiscal year-ended December 31, 2011.

GMXR reported a Q4’11 net loss of $79.8 million, or a loss of $1.39 per share, compared to a net loss of $149.0 million, or a loss of $5.27 per share, during the same period in 2010. Oil and gas sales during Q4’11 totaled $26.1 million compared to $27.2 million during Q4’10. Production rates for Q4’11 averaged 52.3 MMcfe/d, 9% lower than the company averaged during the same period in 2010 becaus...


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