Feb 19 (Reuters) - GMX Resources Inc:

* Provides 2012 year-end reserves; an update on its oil and gas hedge portfolio

and a liquidity update

* Says continuing to explore and evaluate options for its capital needs

* Says plans to retain a financial advisor to assist its ongoing exploration of

a variety of financing alternatives

* Says total estimated proved reserves were 35.6 million boe at year-end 2012

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