GMXR Corporate Presentation -- Will Report Earnings May 2

Highlights of the corporate presentation, April 17, 2012.

Slide 3:

• McKenzie County, GMXR, 3 wells, average: 1,973 boepd

2,549, Lange 11-30-1H
1,953, Neil 24-19MBH
1,436, Taboo 1-25-36H

• GMXR Bakken/Three Forks average: 1,420 boepd

Slide 4:

• Natural gas hedges at $2.60 (2012) and $3.50 (2013)
• Collars, spreads, etc., for oil: $100/$90
• Some of their oil revenue from current wells protected with $106.40 swaps

Other:

• signing contracts with ONEOK for natural gas gathering 
• slide 6 shows how quickly this company is turning to the oil-rich Bakken
• presentation shows nice history of the Bakken
• nice graphic of Bakken Pool payzones, including four benches of the Three Forks formation
• continuity of Three Forks across GMXR's position

• 1,100, CLR, Charlotte 1-22, 2nd bench
• 2,549, GMXR, Lange 11-30-1H, middle Bakken
• 1,436, GMXR, Taboo 1-25-36H, middle Bakken
• DRL, GMXR, Pojorlie, well cored through Three Forks, 1st bench
• DRL, GMXR, Evonluk, middle Bakken
• 1,953, WLL, Kubas 11-13TFH, Three Forks, 1st bench

nice graphic of decline curve, and explanation of data points

example of sliding sleeve

prospects in McKenzie, Billings, and Stark counties