I called and talked to the Investor Relations Manager | GMXR Message Board Posts

GMX Resources, Inc.

  GMXR website

GMXR   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  240 of 563  at  4/3/2012 5:38:19 PM  by

pocilujko


 In response to msg 239 by  zxsixr
view thread

I called and talked to the Investor Relations Manager

 In reading the Press Release:
" OKLAHOMA CITY, April 3, 2012 (GLOBE NEWSWIRE) -- GMX RESOURCES INC., (NYSE:GMXR - News), today announces that the Company has successfully drilled and completed its fourth operated horizontal Bakken well, the Lange 11-30-1H, 89% working interest, located in Sections 30&31 Township 147N Range 99W in McKenzie County, North Dakota. The Lange 11-30-1H was drilled to a measured depth of 20,519' with a lateral length of 9,348'. It was completed as a 32 stage frac Middle Bakken producer achieving a peak rate of 2,549 boepd @1,500 psi flowing casing pressure. "
 
 
I was left with many questions:
 
So I E Mail and then called :
Investor Relations Manager
Alan Van Horn
 
Question:
 
GMXR showed  "2,549 boepd ". How much is Oil, Natural Gas, and Natural Gas Liquids?
 
Answer: He could give me an answer, otherwise he would have to issue another Press Release.
                Mr. Horn did say that Oil is ~ 80% in that section of Mckenzie County.
                He did say further information will be given at the IPAA:
 
2012 Oil and Gas Investment Symposium / IPAA New York
Tuesday, April 17, 2012
08:45am - 09:05am EDT
 
 
 
 
Question:
GMXR showed 89% Working Interest; how much is NRI (Net Revenue Interest). 
 
ANSWER:
 Mr. Horn said it was ~72%.
My comment: The Land owner of the the Leases gets ~20% Royalty(doesn't pay a penny on drilling & completion cost..
 
 
Last Question: Is their a Pipeline connection for the Natural Gas.
 
 
Answer:
 
 Answer will be given at the IPAA.
 
 
ED
 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 1     Views: 784
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
241 Re: I called and talked to the Investor Relations Manager rgm714 1 4/3/2012 6:45:29 PM








Financial Market Data provided by
.
Loading...