SOURCE: The Bedford Report

The Bedford Report

September 14, 2011 08:16 ET

Hyperdynamics and GMX Resources Target Oil Rich Resources

The Bedford Report Provides Investment Research on Hyperdynamics & GMX Resources

NEW YORK, NY--(Marketwire - Sep 14, 2011) - The Bedford Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Hyperdynamics Corporation (NYSE: HDY) and GMX Resources, Inc. (NYSE: GMXR). Access to the full company reports can be found at:

In the early days of September, oil prices have been on a downturn on concerns that the US could fall back into recession, and continuing anxiety about Eurozone debt levels. Eugen Weinberg, head of commodities research at Commerzbank in Frankfurt, argues that oil prices could be falling further were it not for growing optimism that the US central bank, the Federal Reserve, will announce new measures later this month to try to stimulate the US economy.

Despite a disappointing couple months, the price of oil remains exceptionally high. The latest Bord Gais Energy Index shows that wholesale prices are nearly 30 percent higher than this time last year.

The Bedford Report releases investment research on the Oil & Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

With oil prices remaining high, energy companies continue to boost production. Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. Last month the company announced that its "Jasper Explorer" drill ship has left its home port in Singapore and is now being mobilized to Hyperdynamics' first exploration drilling site offshore the Republic of Guinea in Northwest Africa.

GMXR is a resource play with development acreage in two oil shale resources in the Bakken (North Dakota / Montana) targeting the Bakken & Sanish-Three Forks and the DJ Basin (Wyoming) targeting the Niobrara Formation. The company says that both plays are 90 percent oil. Production for second quarter of 2011 was a new Company record of 6.5 Bcfe, an increase of 51% over the 4.3 Bcfe of production in the second quarter of 2010.

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