GMX Resources Slips To Loss In Q2; Signs LOI With Kinder Morgan For Interest In Pipeline - Update

GMX Resources Slips To Loss In Q2; Signs LOI With Kinder Morgan For Interest In Pipeline - Update

  • Posted Tuesday, August 04, 2009 -
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Oil and gas explorer GMX Resources Inc. (GMXR) late Monday reported a net loss for the second quarter compared to net income in the year-ago period, as a 2% increase in production was largely offset by lower crude oil and natural gas prices. The results for the latest quarter also include inventory writedowns and deferred income tax valuation allowance.view original article

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