June 18, 2009 (FinancialWire) — GMX Resources Inc. (NASDAQ: GMXR) announced the completion of the Blocker Ware 19H Haynesville / Bossier horizontal (”H/B Hz”) well with a 4,446 foot lateral and 12 fracture treatment stages and an initial 24 hour production rate of 8.9 million cubic feet per day (”MMcfd”) of gas, on a 22/64 choke and 4,470 pounds of flowing casing pressure (”FCP”) into the sales line.

The company has also completed the Blocker Heirs 12H H/B Hz well with a 4,934 foot lateral and 14 fracture treatment stages and an IP rate of 9.4 MMcfd of gas, on a 23/64 choke and 5,344 pounds of FCP into the sales line. The last five H/B Hz wells the company has completed have an average IP rate greater than 8.9 MMcfd, and the first three H/B wells with lateral lines greater than 4,000 feet have collectively averaged more than 5.8 MMcfd in the first 30-day period.

In addition to its first seven completed H/B Hz wells, the company has successfully drilled the TJT Simpson 1H H/B Hz well with a 4,606 foot lateral, which is scheduled for fracture treatment in late June 2009. The company’s K 5H H/B Hz well is currently drilling and is expected to be completed in July 2009.

GMXR is a ‘Pure Play’, E & P company with one of the most leveraged Haynesville / Bossier Horizontal Shale Operations in East Texas.

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