GMXR, GMX RESOURCES INC.
** GMXR reported that it has successfully drilled and completed its fourth operated horizontal Bakken well, the Lange 11-30-1H, 89% working interest, located in Sections 30&31 Township 147N Range 99W in McKenzie County, North Dakota.
The Lange 11-30-1H was drilled to a measured depth of 20,519' with a lateral length of 9,348'. It was completed as a 32 stage frac Middle Bakken producer achieving a peak rate of 2,549 boepd @1,500 psi flowing casing pressure.
GMXR is an E&P company with development acreage in two oil resource Plays -the Williston Basin (North Dakota / Montana) and the DJ Basin (Wyoming), targeting the Bakken/Sanish-Three Forks and Niobrara Formations, respectively.
More about GMXR at www.gmxresources.com
MIND, Mitcham Industries, Inc.
** On its fourth quarter fiscal 2012, MIND posted total revenues of $37.0 million, an 88% increase year over year, and gross profit of $21.3 million, a 135% increase compared to the same period the prior year.
For its full fiscal 2012, MIND posted total revenues of $112.8 million, a 58% increase compared to fiscal 2011, and operating income of $34.5 million, compared to $6.9 million in the prior fiscal year.
MIND, a geophysical equipment supplier, offers for lease or sale, new and "experienced" seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities.
More about MIND at www.mitchamindustries.com
XLS, ITT Exelis
** XLS reported that it has definitized a $54 million Foreign Military Sales (FMS) contract to provide the Pakistan Air Force with modern, digital radio frequency memory-based jamming pods.
Exelis Advanced Integrated Defensive Electronic Warfare System (AIDEWS) integrates digital radar warning receivers and advanced jamming countermeasures systems to provide pilots with situational awareness and protection against radar-based threats, including modern surface-to-air and air-to-air weapon systems.
This XLS contract delivers state-of-the-art self-protection to international allied forces aircraft. The AIDEWS system, which uses identical hardware in its internal and external/pod versions is now in full production.
This contract, an FMS order awarded by Robins Air Force Base, Ga., enables the pod-mounted variant of AIDEWS to be fully qualified for the F-16 aircraft.
AIDEWS is built upon the proven ALQ-211 family of electronic warfare systems now in use to support a broad range of U.S. and allied defense customers on many aircraft.
XLS is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets.
More about XLS at www.exelisinc.com
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