I'm not clear ... do you mean 1200 calories before or after you subtract exercise?
I stayed around 1200 calories for the last six months or so of my weight loss and never even attempted to quantify the two hours or so of exercise that I did each day. I don't have any faith in exercise calculators and estimates of calories burned, so I've always ignored them.
I think the recommendation for staying above 1200 calories is because it's very difficult to meet your nutritional needs, such as protein, vitamins, essential fats and fiber, with fewer calories of food. Should you choose to eat less than 1200 calories, medical supervision is a good idea to monitor your overall health.
