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GMX RESOURCES INC. Announces Spudding of Eighth Bakken Well With Helmerich & Payne FlexRig 3(TM)

GMXR  

Linked by GlobeNewswire ( track newsfeed | ignore newsfeed ) - July 02, 06:17PM from (www.globenewswire.com)

OKLAHOMA CITY, July 2, 2012 (GLOBE NEWSWIRE) -- GMX RESOURCES INC., (NYSE:GMXR) announces today that the Company has spud the Basaraba 24-35-1H located in Sections 26&35, Township 144N, Range 100W in Billings County, North Dakota. The Company has a 50% working interest in the Basaraba 24-35-1H which has a proposed total depth of 20,950' and a proposed total vertical depth of 11,221'. The well was spud with an H&P FlexRig 3(tm) #255.

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