GMX Resources (GMXR) Taps Advisor in Cotton Valley Sand Asset Sale
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GMX Resources, Inc. (NYSE: GMXR) reports that the Company has engaged Global Hunter Securities as financial advisor in connection with a proposed sale of a portion of the Company's Cotton Valley Sand liquids rich natural gas properties located in East Texas. The Company currently expects that sales of these properties would occur during the third quarter of 2012.
Michael J. Rohleder, Company President, said, "We are pleased to announce the engagement with GHS related to the sale of certain Cotton Valley Sand assets. They are an energy specialist focused on these types of transactions and we expect a successful outcome."
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Michael J. Rohleder, Company President, said, "We are pleased to announce the engagement with GHS related to the sale of certain Cotton Valley Sand assets. They are an energy specialist focused on these types of transactions and we expect a successful outcome."
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