updated 2/28/2011 7:16:00 AM ET 2011-02-28T12:16:00

DALLAS, Feb. 28, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring GMX Resources Inc. (NYSE:GMXR). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/GMXR

GMX Resources Inc. (GMXR) is a pure play oil and natural gas exploration and production company with 442 billion of cubic feet equivalent (Bcfe) in proved reserves at September 30, 2010, and 2.7 trillion cubic feet equivalent (Tcfe) in reserve potential that are 94% natural gas. The Company's Helmerich & Payne (H&P) FlexRig 3 rigs are currently developing this contiguous gas resource play on the Sabine Uplift; Carthage, North Field, in Panola & Harrison County of East Texas. The Company currently focuses on developing the Haynesville/Bossier (H/B) resource through horizontal shale drilling. In addition to the Haynesville/Bossier development, GMXR has 325 gross/186.9 net Cotton Valley Sand (CVS) producers and 45 net Travis Peak Hosston Sands Pettit producers.

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In the report, the analyst notes:

"Shares of GMXR added $0.54, or 11.09%, to close Friday at $5.41. The stock traded with volume of 5.37 million shares, nearly five times the daily average of 1.14 million shares. The stock has so far reached a 52-week high of $10.69, its 52-week low being $3.98.

"GMXR late last month announced deals to acquire a total of 67,724 net acres of horizontal oil resources within the core development areas of the Bakken / Sanish-Three Forks Formation. CEO Ken L. Kenworthy Jr. said these combined transactions are transformational for GMXR, providing the Company with 342 additional horizontal drilling locations in the most actively developed oil resource play in the United States and one of the most promising emerging oil resource plays."

To read the entire report visit: www.microstockprofit.com/lp/GMXR

See what investors are saying about GMXR at http://www.stockhideout.com

Get breaking news on GMXR at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

CONTACT: Brian Johnson

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