GMXR -- Another Company Entering the Bakken -- North Dakota, USA

Link here. MMX Resources will purchase a small Bakken holding from an undisclosed party. Based on amount they plan to spend for this acquisition, "we" are talking anywhere from 4,000 to 8,000 net acres. The company did not say where those acres were located. It's hard to believe, I know, but there are some "less than good" areas in the Bakken.

Along with JayHawk this is getting a little interesting. It seems to me these companies want to put into their presentations their presence in the Bakken simply to attract capital.

There cannot be any other reason. As Zman says, GMXR buying into the Bakken "seems a little late and 'me tooish.'"