Published: January 17, 2012
GeoResources, Inc. Announces Changes in Board of Directors and Executive Management
HOUSTON - (BUSINESS WIRE) - GeoResources, Inc., (NASDAQ: "GEOI" ), today announced changes to its
Board of Directors and executive management team.
Robert J. Anderson has been appointed to serve as Chief Operating
Officer (Northern Division) in addition to his current position as
Executive Vice President - Engineering and Acquisitions. Mr. Anderson
has also been appointed as a director on the Company's Board of
Directors. Mr. Anderson has been an officer of GeoResources since 2007,
where he has led the Company's engineering, M&A and acquisition and
divestiture activities. Mr. Anderson has also been directly involved in
the Company's operations, strategic planning and capital markets
activities. He is a petroleum engineer with 25 years of diversified
domestic and international experience with both major and independent
oil and gas companies. He received a BS in petroleum engineering from
the University of Wyoming, and an MBA, Corporate Finance, from the
University of Denver.
In addition, Timothy D. Merrifield, has been appointed Executive Vice
President - Geology and Geophysics for GeoResources. Mr. Merrifield has
over 30 years of industry experience. He has been employed by the
Company since 2007 and most recently, served as Vice President - Geology
and Geophysics for the Company's Southern Division where he successfully
led the Company's exploration and development activities. Along with his
primary responsibilities, Mr. Merrifield has also been instrumental in
the success of the Company's acquisition activities. His prior
experience includes both domestic and international basins and he has
also had responsibility for reservoir engineering and project
management. He attended Texas Tech University.
MANAGEMENT COMMENTS
Frank A. Lodzinski, President and CEO of GeoResources, Inc. commented,
"I am pleased to announce the well-deserved promotions of both Robert
and Tim, both of whom have been instrumental in GeoResources' continuing
success. Robert possesses a unique skillset which includes a broad
technical knowledge of our Company and our industry, in addition to a
thorough understanding of the broader strategic and capital
market-related facets of our business. His combination of substantive
engineering experience with A&D, M&A and capital markets experience has
contributed significantly to our performance and growth. In addition to
his role in management, I am confident that these skills and his sound
judgment will make Robert a valuable addition to our Board of Directors."
"Tim has substantive detailed experience and capability in all aspects
of geology and geophysics, as well as related technical and project
management activities. He has consistently demonstrated his ability to
create value by generating exploration and development opportunities
associated with both asset acquisitions and new projects. Tim's efforts
have led to our successful growth in both the Eagle Ford and the Bakken
over the last several years. I am confident that Tim and his team will
continue to lead us into profitable acreage and asset acquisitions in
the future."
ABOUT GEORESOURCES, INC.
GeoResources, Inc. is an independent oil and gas company engaged in the
development and acquisition of oil and gas reserves through an active
and diversified program that includes the acquisition, drilling and
development of undeveloped leases, purchases of reserves and exploration
activities, currently focused in the Southwest, Gulf Coast, and the
Williston Basin. For more information, visit our website at www.georesourcesinc.com.
CAUTIONARY NOTE REGARDING FORWARD LOOKING
STATEMENTS
This release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, which are subject
to risks and uncertainties. The forward-looking statements, which
address GeoResources' expected business and financial performance, among
other matters, contain words such as "believe," "expect," "estimate,"
"anticipate," "optimistic," "intend," "plan," "aim," "will," "may,"
"should," "could," "would," "likely," "continue," and similar
expressions. Examples of forward-looking statements, include, but are
not limited to: (i) changes in production volumes and prices and future
production and development costs, (ii) projections of capital
expenditures, revenues, income or loss, earnings or loss per share,
capital structure, and other financial items, (iii) statements of our
plans and objectives of our management or board of directors including
those relating to planned development of our oil and gas properties,
(iv) statements of future economic performance and (v) statements of
assumptions underlying such statements. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date on which they are made. GeoResources undertakes no
obligation to update or revise any forward-looking statements. A further
description of these uncertainties and other risks can be found in the
GeoResources Annual Report on Form 10-K for the year ended December 31,
2010 and other reports filed by GeoResources with the U.S. Securities
and Exchange Commission.

GeoResources, Inc.
Cathy Kruse, 701-572-2020 ext. 1
cathy@georesourcesinc.com
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