GMX Resources, Inc.
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GMXR VPP
$49.7 million VPP with EDF Trading North America ― 4.75 Bcf of production over 95 month period beginning December 1, 2011 ― Transaction limited to 21 PDP Haynesville/Bossier horizontal wells ― PV-10 impact estimated to be approximately $45.6 million based on YE 2010 SEC prices ― Significant amount of retained production to cover operating costs
VPP Commitment
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