OKLAHOMA CITY, April 16, 2012 (CRWENewswire) — GMX RESOURCES INC. (NYSE:GMXR) provides an operational update, production for Q1, guidance for Q2 and year end 2012 and the Company’s election on the semi-annual interest due on its 2017 Senior Secured Notes.

Williston Basin Update

The Company’s fourth operated well, the Lange 11-30-1H, in which the Company has an approximate 89% working interest, located in Sections 30&31, Township 147N, Range 99W in McKenzie County, North Dakota, was drilled to a measured depth of 20,519′ with a lateral length of 9,348′. The well was completed as a 32-stage frac Middle Bakken producer achieving a peak rate of 2,549 BOE/Day @1,500 psi flowing casing pressure.

The Company’s fifth operated well, the Akovenko 24-34-1H, in which the Company has an approximate 74% working interest, located in Sections 3&10, Township 145N, Range 95W in McKenzie County, North Dakota, has been successfully drilled with a measured depth of 19,927′ with a lateral length of 8,305′. The well is expected to be fracture stimulated with a thirty-one stage sliding sleeve completion in May 2012.

The Company’s sixth operated well, the Johnston 31-4-1H, was spud on April 5, 2012. GMXR currently projects a 52% working interest in the well. The Johnston 31-4-1H is located in Sections 4&9, Township 146N, Range 99W in McKenzie County, North Dakota. This well will target the Middle Bakken and will be drilled to a measured depth of 21,300′ with a lateral length of 9,300′.

The Company’s workover rig arrived in North Dakota on March 23, 2012, and work has been done on the Evoniuk 21-2-1H and the Frank 31-4-1H. The Evoniuk 21-2-1H and the Frank 31-4-1H are both currently on pump and producing oil. The workover rig is next scheduled to work on the Wock 21-2-1H well.

The Company has secured the services of a new directional drilling company and with the use of their tools has seen an improvement in rates of penetration and a reduction in spud to TD times. The Company continues to evaluate operations and services within the Bakken for opportunities to improve performance while at the same time to reduce costs.

The Neil 24-19MBH well, 4% working interest, located in Sections 18&19, Township 148N, Range 98W in McKenzie County, North Dakota, has been successfully drilled and completed by Burlington Resources, and Initial Production tests reported 1,935 BOE/Day.

The Logan 24-8H well, in which the Company has an approximate 17% working interest, located in Sections 5&8 Township 148N Range 98W in McKenzie County, North Dakota, was successfully drilled by Burlington Resources. The operator is currently on location and preparing the well for fracture stimulation.

The Pojorlie 21-2-1H well, in which the Company has an approximate 34% working interest in Section 2&11, Township 146, Range 98W in McKenzie County, North Dakota, is being drilled by Continental Resources. The Operator has successfully pulled the core from the Middle Bakken through the Three Forks and is currently drilling the lateral. The well is planned as a Three Forks target with a measured depth of 21,208′ and a lateral length of 9,638′.

Niobrara Update

GMXR’s position was acquired with specific ideas in mind of basin flexure, maturity and leveraging our execution with modern seismic investigation. We now have three data points near the basin axis in our North Mustang Doty Hill area, the Samson Defender and the two recent completions by Devon. Using these results with the seismic overprint will help guide future development. We continue to believe that success in this play will require placing well laterals to intersect open fractures in targeting the sub-members of the Niobrara Chalk. The two Devon wells will be used to calibrate models on locations that will be drilled in areas with more intensive tectonic signatures as well as vetting future completion design issues.

We are also noting emerging efforts of targeting the Codell-Turner interval within the Niobrara system. That interval is more of a conventional target that while it certainly can be impacted by natural fractures, it is a tight clastic reservoir being characterized as less erratic than the chalky members.

Finally, we expect to receive our first volume of 3D seismic from our Chugwater area of 30,817 net acres in a couple of weeks.

Operations Recap

The following table summarizes our Bakken and Niobrara development as of April 16, 2012

Management Comment

Michael Rohleder, President, said: “We are progressing with our development in McKenzie and Billings counties and the Lange result is consistent with our expectations for this area. GMXR and other larger operators have drilled enough wells that our entire acreage footprint has been substantially de-risked. Access to services and the cost of those services has begun to ease, which we expect will allow us to improve our well economics. We are going to be able to start selling gas and liquids in North Dakota in the very near future, which will represent an additional revenue stream. As we bring new wells on-line, we will add tranches to the existing oil hedge positions. Fortunately we were able to hedge a significant portion of our natural gas production in 2012 and 2013 at prices substantially higher than today’s market. Oil production is expected to grow 168% sequentially this quarter. We will continue to focus on the execution of our transition plan, which we expect will result in oil and NGLs accounting for approximately 76% of our 2012 physical revenue projection.”

Bakken Gas Gathering

The Company reports today that it has signed a contract with a subsidiary of ONEOK Partners, L.P., a leader in the gathering, processing, storage and transportation of natural gas in the U.S., for many of our McKenzie and Billings County, North Dakota wells. The natural gas being produced by our McKenzie and Billings County producing wells is currently being flared. The execution of a contract with ONEOK will enable the Company to capture the value of the NGLs and high MMBTU content natural gas. ONEOK’s analysis projects approximately 1,500 BTU gas and approximately 11 GPM of NGLs. Rights-of-way acquisitions have been completed and released for construction on the gathering lines to the Evoniuk 21-2-1H well located in Billings County, North Dakota. ONEOK is currently acquiring rights-of-way for gathering lines to the Lange 11-30-1H and Akovenko 24-34-1H wells in McKenzie County, North Dakota, as well as additional locations in both McKenzie and Billings County, North Dakota.

Updated Production and Guidance

Production for the first quarter 2012 is 596,000 BOE, which includes 31,000 BBLs of oil and 146,000 BBLs of NGLs. The NGL production represents a 35% increase over previous guidance due primarily to a change in the dispatch of our natural gas to plants with higher NGL recoveries and plant efficiencies. Oil production for the first quarter 2012 represents a 43% increase over first quarter 2011, and NGL production in the first quarter 2012 represents a 10% increase over the first quarter of 2011.

Production guidance for the second quarter 2012 is estimated to be 606,000 BOE, which includes 83,000 BBLs of oil and 148,000 of NGLs. Full year 2012 guidance is estimated to be 2,373,000 BOE, which includes 354,000 BBLs of oil and 562,000 BBLs of NGLs. Oil and NGLs are estimated to be 39% of total 2012 production and 76% of total 2012 revenues, excluding income from hedges, as oil and NGL production ramps up in the Williston Basin and NGL recoveries increase from the East Texas natural gas production.

Bakken and East Texas Oil Realized Price

Bakken crude oil is produced and stored in tank batteries on location until the buyer has picked up the oil by truck. The sales price realized is a function of the daily NYMEX contract price less an agreed upon basis differential which varies each month. The Company’s basis differential has varied from month to month, ranging from a low of $5.50 in August of 2011 to as high as $25.00 in March of 2012. GMXR’s estimated basis differential in April is expected to be $12.00 and is estimated at $10.00 for the remainder of 2012 year. The historical basis differential on the company’s East Texas crude oil has been both a premium and discount to the daily NYMEX contract but in 2011 was less than a $2.00 discount to NYMEX.

Recap of Oil and Natural Gas Hedge Portfolio

We have executed fixed price natural gas swaps against the NYMEX for approximately 65% of our post-processing dry natural gas for April 2012 thru December 2013 period. For the last nine months of 2012, we swapped 4.03 BCF at $2.60 and for all of 2013 we swapped 4.24 BCF at $3.50. In connection with these swaps, we also entered into a Basis Swap in which we locked in a natural gas price differential between the NYMEX and the Houston Ship Channel at $0.08. The combination of these trades effectively locks in a sales price to GMXR of $ 2.52 for 4.03 BCF during the last nine months of 2012, and $ 3.42 for 4.24 BCF during 2013.

We have executed fixed price crude oil swaps against the NYMEX for April 2012 thru December 2013. For the last nine months of 2012, we swapped 38,565 barrels at $106.40 and for all of 2013 we swapped 42,581 barrels at $106.40. For 2014, we executed a costless three-way collar for 35,528 barrels with a ceiling of $114.10, a floor of $100 and a sold put of $80. In addition to the fixed price crude oil swaps and costless three-way collar, we bought $100- $90 Put Spreads for 19,421 barrels for the last six months of 2012, $100 Puts for 26,654 barrels in 2013, and $95 - $75 Put Spreads for 19,893 barrels in 2014.

Our high level goal is to use swaps and costless collars to protect our flowing PDP production, and use Puts and Put Spreads to establish floors for our PUD production. Since the forward prices for oil are less than the current prices for oil, our structure allows us to preserve the optionality benefits of oil price increases. As we bring on new wells, we plan to increase our hedges to establish floors and protect revenues.

2017 Senior Secured Notes

The Company’s 2017 Senior Secured Notes have a semi-annual interest payment due the first day of June and December. The Company has an option to pay the interest in cash (11.0% per annum) or a PIK Election (9.0% per annum in cash and 4.0% per annum payable in the form of Additional Notes. The Company has selected the PIK Election for the interest payment due June 1, 2012. The record date for this interest payment is May 15, 2012. The PIK Election will increase the outstanding principal balance of the 2017 Senior Secured Notes by $5.1 million.

GMXR is a resource play rich E&P company. Oil shale resources are located in the Williston Basin, North Dakota and Montana targeting the Bakken Petroleum System and in the DJ Basin, Wyoming targeting the Niobrara Petroleum System; both plays are estimated 90% oil. Our natural gas resources are located in the East Texas Basin, in the Haynesville/Bossier gas shale and the Cotton Valley Sand Formation, where the majority of our acreage is contiguous, with infrastructure in place and substantially all held by production. We believe these oil and natural gas resource plays provide a substantial inventory of operated, high probability, repeatable, organic growth opportunities. The Company’s multiple basin strategy provides flexibility to allocate capital to achieve the highest risk adjusted rate of return, with both oil and natural gas resources throughout our portfolio. Please visit www.gmxresources.com for more information on the Company.

This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. They include statements regarding the Company’s financing plans and objectives, drilling plans and objectives, related exploration and development costs, number and location of planned wells, reserve estimates and values, statements regarding the quality of the Company’s properties and potential reserve and production levels. These statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes appropriate in the circumstances, including the assumption that there will be no material change in the operating environment for the Company’s properties. Such statements are subject to a number of risks, including but not limited to risks relating to the Company’s ability to obtain financing for its planned activities, commodity price risks, drilling and production risks, risks related to weather and unforeseen events, governmental regulatory risks and other risks, many of which are beyond the control of the Company. Reference is made to the Company’s reports filed with the Securities and Exchange Commission for a more detailed disclosure of the risks. For all these reasons, actual results or developments may differ materially from those projected in the forward-looking statements.

Contact:

Alan Van Horn
Manager, Investor Relations
405.254.5839

Source: GMX RESOURCES INC.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwenewswire.com/disclaimer). Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

ANCHORAGE, Alaska–(CRWENewswire March 30, 2012)–ExxonMobil, ConocoPhillips, BP and TransCanada, through its participation in the Alaska Pipeline Project, announced today that they are working together on the next generation of resource development in Alaska.

The four companies have agreed on a work plan aimed at commercializing North Slope natural gas resources within an Alaska Gasline Inducement Act (AGIA) framework. Because of a rapidly evolving global market, large-scale liquefied natural gas (LNG) exports from south-central Alaska will be assessed as an alternative to a natural gas pipeline through Alberta.

“Commercializing Alaska natural gas resources will not be easy. There are many challenges and issues that must be resolved, and we cannot do it alone. Unprecedented commitments of capital for gas development will require competitive and stable fiscal terms with the State of Alaska first be established,” the CEOs of ExxonMobil, ConocoPhillips and BP wrote in a joint letter to Governor Sean Parnell.

The producing companies support meaningful Alaska tax reform, such as the legislation introduced by Governor Parnell, which will encourage increased investment and establish an economic foundation for further commercialization of North Slope resources.

With Point Thomson legal issues now settled, the producers are moving forward with the initial development phase of the Point Thomson project. Alaska’s North Slope holds more than 35 trillion cubic feet of discovered natural gas, and Point Thomson is a strategic investment to position Alaska gas commercialization.

About BP

BP has invested more in the United States over the last five years than any other oil and gas company. With more than $50 billion in capital spending between 2007 and 2011, BP invests more in the U.S. than in any other country. The company is the nation’s second largest producer of oil and gas, a major oil refiner and a leader in alternative energy sources including wind power and biofuels. With about 23,000 U.S. employees, BP supports nearly a quarter of a million domestic jobs through its business activities. For more information visit www.bp.com.

About ConocoPhillips

ConocoPhillips is an integrated energy company with interests around the world. Headquartered in Houston, the company had approximately 29,800 employees, $153 billion of assets, and $245 billion of revenues as of Dec. 31, 2011. For more information go to www.conocophillips.com.

About ExxonMobil

ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world. Follow ExxonMobil on Twitter at www.twitter.com/exxonmobil.

About TransCanada

With more than 60 years experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada’s network of wholly owned natural gas pipelines extends more than 57,000 kilometers (35,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent’s largest providers of gas storage and related services with approximately 380 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America’s largest oil delivery systems. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: http://www.transcanada.com/ or check us out on Twitter @TransCanada.

About The Alaska Pipeline Project

The Alaska Pipeline Project is a joint initiative between TransCanada and ExxonMobil that seeks to build and operate a pipeline system to transport Alaska’s North Slope natural gas resources to markets.

Contacts

BP
Steve Rinehart, 907-564-5668
or
ConocoPhillips
Davy Kong, 281-293-2701
or
Natalie Lowman, 907-229-9190
or
ExxonMobil
David Eglinton, 713-656-4376
or
TransCanada
Shawn Howard, 800-608-7859

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwenewswire.com/disclaimer). Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

BioMimetic Therapeutics Inc. (Nasdaq:BMTI) announced its schedule of events during the American Academy of Orthopedic Surgeons (AAOS) Annual Meeting being held in San Diego, CA beginning February 16, 2011. BioMimetic’s exhibit booth (#5541) will be located in Hall H of the San Diego Convention Center. Exhibit hours are 9:00 a.m. – 5:00 p.m. PST from February 16 – February 19. Company management will be available to answer product development questions and will host investor meetings at the exhibit booth. Please contact BioMimetic’s corporate communications department for scheduling information.

BioMimetic Therapeutics, Inc., a biotechnology company, engages in the development and commercialization of regenerative protein therapeutic-device combination products for the treatment of musculoskeletal injuries and conditions affecting bones, tendons, ligaments, and cartilage.

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Concurrently to the management restructuring, Proper Power & Energy, Inc. (OTCBB:PPWE) has entered into a strategic alliance with Douglas Kiggins, founder of Mayo Energy Partners. Mr. Kiggins will assist Mr. Kacic in the development of Proper Power & Energy’s Utah asset, with the target goal of drilling the first exploratory well in Utah by third Quarter 2011. Mr. Kiggins has participated in the drilling and development of over 250 oil and gas wells in Texas, Oklahoma and Colorado, with the deepest well reaching a total depth over 21,000 feet. Proper Power & Energy recently released that it has restructured its executive management team and entered into a strategic alliance. Andrew J. Kacic will replace Joseph Abdo as President of Proper Power & Energy.

Mr. Kacic brings more than 32 years of progressive experience as a chief executive in oil and gas, investment banking, insurance services and public securities. Mr. Kacic was the founder and president of American Resources of Delaware, Inc. and its subsidiary Southern Gas Company, successfully taking assets from $220,000 to more than $40 million in less than 4 years. Mr. Abdo will remain the Chief Executive Officer and Chairman of the Board.Proper Power & Energy is an independent exploration and production company. Proper Power & Energy’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which Proper Power & Energy controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power & Energy, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.

The performance of other wells in the area is another good indicator of the potential returns. If the other wells in the area are doing well either with your operator or others, then this should provide some level of comfort with the wells being proposed. Most producers will be familiar with how well others wells in the area are performing. As a side note, investors should not forget to take into account the tax benefits which will be derived from the investment. Of course the particular tax aspects vary according to an investors particular tax circumstance and investors should consult with their tax advisors on what these benefits may be.

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Crown Equity Holdings Inc. (OTCBB:CRWE) recently released that Crown Equity Holdings Inc. is expanding its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase Crown Equity Holdings’ up to date news and world affairs from the Mid-East, Far East and Europe online news wires. Once facts are included with a Web site, it’s automatically intended for browsing by countless Internet surfers. The internet is an ideal medium of knowledge distribution as it takes away the time lag related to publishing content and also making it open right away to end users.

The new office in the city of Attock, as well as the office in Islamabad, will be managed by Zeeshan Shabbir. Crown Equity Holdings is in the process of developing its Arabic language CRWENewswire site for news occurring in Pakistan and elsewhere around the world. Crown Equity Holdings Inc. reported in June of 2010 its 1- 10 forward stock split, as well as in August 2010 announcing that Crown Equity Holdings Inc. had surpassed One Million dollars (1,000,000) in sales.

“As always, I am thrilled to increase our team of correspondents to offer our readerships a global perspective on top stories.” said Kenneth Bosket, President of Crown Equity Holdings Inc.

Crown Equity Holdings Inc. is utilizing today’s technology to advertise, promote and market public companies globally. Crown Equity Holdings’ proprietary network technology allows their publishing department to get their content to millions of readers daily across the world. Crown Equity Holdings Inc. publishes financial content to all the major countries and covers all the accredited stock exchanges. The goal is to have all Crown Equity Holdings’ clients’ press releases, articles and news content published in every major financial country’s native language.

In addition to Crown Equity Holdings Inc. offering “I/R” service, Crown Equity Holdings Inc. has a dedicated in-house advertising server, allowing for faster response and a wider variety of ad space offerings to those interested in advertising on their numerous internet and affiliate internet properties.

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China Medical Technologies Inc. (Nasdaq:CMED) announced that it will report its unaudited financial results for the third fiscal quarter ended December 31, 2010 before the U.S. market opens on February 18, 2011. The Company’s 2010 fiscal year ends on March 31, 2011. The Company’s senior management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on February 18, 2011 (9:00 p.m. Beijing/Hong Kong time on February 18, 2011). The dial-in details for the live conference call are as follows: U.S. Toll Free Number 1-866-783-2141, International Dial-in Number 1-857-350-1600. Passcode: CMEDCALL.

China Medical Technologies, Inc., a medical device company, develops, manufactures, and markets advanced immunodiagnostic and molecular diagnostic products primarily in the Peoples Republic of China.

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Rome Bancorp Inc. (Nasdaq:ROME) announced the Company’s results of operations for the year and three month period ended December 31, 2010 (unaudited). Net income for the Company for the twelve month period ended December 31, 2010 decreased to $2.3 million, or $0.35 per diluted share, compared to $3.1 million or $0.47 per diluted share for 2009. Earnings for the year were negatively impacted by an increase in the provision for loan losses of $1.5 million and an increase in non-interest expense of $1.2 million, which were partially offset by increases in net interest income before the provision for loan losses and non-interest income of $629,000 and $828,000, respectively, and a decrease in income tax expense of $385,000.

Rome Bancorp, Inc. operates as the holding company for The Rome Savings Bank that provides community banking services for individuals and small-to medium-sized businesses.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) received 1,000,000 shares of free trading shares from a third party (Mohamad Nehmeh) for two (2) weeks of advertisement services for Proper Power & Energy, Inc. (PPWE.OB).

Herbalife Ltd. (NYSE:HLF) will release its fourth quarter and full year 2010 financial results after the close of trading on the NYSE on Tuesday, February 22. The following day, Wednesday, February 23 at 8 a.m. PT (11 a.m. ET), Herbalife’s senior management team will host an investor conference call to discuss its recent financial results and provide an update on current business trends. The dial-in number for this conference call for domestic callers is (866) 903 - 5314 and (706) 634–5671 for international callers (conference ID 82536023).

Herbalife Ltd., a network marketing company, sells weight management, nutritional supplement, energy, sports and fitness, and personal care products worldwide.

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Murphy Oil Corporation (NYSE:MUR) announced that net income in the fourth quarter of 2010 was $174.1 million ($0.90 per diluted share), compared to net income of $318.8 million ($1.65 per diluted share) in the fourth quarter 2009. Although there were no significant unusual items in the fourth quarter of 2010, the 2009 fourth quarter was affected by several unusual items, including a $185.3 million after-tax benefit (with associated interest thereon) related to a recovery of deepwater federal royalties previously paid for certain oil and gas properties in the deepwater Gulf of Mexico. The 2009 fourth quarter also included a $31.3 million after-tax charge for reduction of the Company’s working interest in the Terra Nova field, offshore Eastern Canada.

Murphy Oil Corporation engages in the exploration and production of oil and gas properties worldwide. It explores for and produces crude oil, natural gas, natural gas liquids, condensate, and synthetic oil.

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Proper Power & Energy, Inc. (OTCBB:PPWE) has received an extensive written proposal from Hunter Resources that includes the acquisition of leased land in Eastern Kentucky. The new field currently consists of approximately 1800 acres of land, primarily gas with good potential for crude as well. The acquisition will include nine existing wells with plans to drill additional horizontal wells. Proper Power & Energy revealed that it will issue a letter of intent to proceed with the acquisition of additional oil and gas leases in Kentucky. Preliminary engineering reports demonstrate the existence of approximately 32 million dollars of natural gas. The project will allow for the expansion into a total of 5,000 acres in the future. Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas.

The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity. The up and down, rise and fall in gasoline and diesel prices over the last few of years shows the changes in the cost of crude oil. Those changes are decided in the global crude oil market by the worldwide need for and supply of crude oil. Weak economic conditions in the U.S. and all over the world in 2008 and into 2009 led to a weaker demand which helped knock prices down. Now, with the worldwide economic recovery, demand is rising again and is helping to catapult prices higher. In addition to economic advancement, crude and product prices relate to a plethora of other factors including weather events, geopolitical risks, inventories, exchange rates, and spare capacity.

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Power3 Medical Products, Inc. (OTCBB:PWRM) is a party to several litigation matters, most of which relate to various toxic debt instruments that were entered into by Power3 several years ago when it operated under the tenure of Chairman and CEO, Steven B. Rash. Because current management believes these toxic debt instruments are responsible for Power3’s depressed stock price and have distracted Power3 from its mission, Power3 plans to settle as many of these nagging lawsuits as possible prior to the completion of its merger with Rozetta-Cell Life Sciences, Inc.

As for those lawsuits that cannot be speedily resolved, Power3 will continue to rigorously defend its position. Power3 recently announced that company management believes it is making great progress in its focus on the development, sales, and marketing of its proprietary innovate diagnostic tests for breast cancer, pancreatic cancer, ovarian cancer, colon cancer, and certain neurodegenerative diseases, such as Alzheimer’s and Parkinson’s, to name a few. Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases.

Through these processes, Power3 has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer’s, Parkinson’s, and ALS diseases, for which it is currently engaged in Phase II clinical trials.

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Williams-Sonoma Inc. (NYSE:WSM) announced that it has completed the $65 million stock repurchase program approved in September 2010 and that its Board of Directors has authorized a new $125 million stock repurchase program. Adrian Bellamy, Chairman of the Board of Directors, commented, we were pleased to announce that our Board has authorized a new $125 million common stock repurchase program to follow the $65 million program that we just completed. This new $125 million stock repurchase program reflects the Board’s continuing objective to offset dilution from our equity compensation programs on an ongoing basis and to further return excess cash to shareholders. We anticipate completing this program by the end of our current fiscal year in January 2012.

Williams-Sonoma, Inc. operates as a specialty retailer of home products. It offers culinary and serving equipment, including cookware, cookbooks, cutlery, informal dinnerware, glassware, table linens, specialty foods, and cooking ingredients; and bridal and gift items under the Williams-Sonoma brand name.

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