GMX Resources (GMXR) +4.1% AH after estimating its Q1 production was 596K BOE, with natural gas...

|About: GMX Resources Inc. (GMXRQ)|By:, SA News Editor

GMX Resources (GMXR) +4.1% AH after estimating its Q1 production was 596K BOE, with natural gas liquid production 35% above prior guidance. GMX is also guiding for Q2 production of 606K BOE, and 2012 production of 2.37M BOE, and says it hedged "a significant portion of our natural gas production in 2012 and 2013" at higher prices. (PR)