GeoResources, Inc. Files Operations Update Form 8-K
21 Fevereiro 2008 - 1:27PM
Business Wire
GeoResources, Inc., (Nasdaq:GEOI), today announced that it has
filed with the Securities and Exchange commission a Current Report
on Form 8-K containing a comprehensive operations update, which
includes reserve quantities and production results. At year-end
2007, GeoResources� reserves are estimated at 15.7 million barrels
of oil equivalent, approximately 69% oil and 85% proved developed.
Current production is approximately 3,500 BOE per day. The Company
owns 145,780 net developed acres and 59,149 net undeveloped acres
of leases in Texas, Louisiana, Colorado, North Dakota, Montana and
Utah. The Form 8-K is available on the Company�s website,
www.georesourcesinc.com. The Company also announced that its
President, Frank A. Lodzinski, will be a presenter at the 4th
Annual Energy Conference hosted by C. K. Cooper & Company to be
held in Palm Springs, California February 21 � 22, 2008. Mr.
Lodzinski will present to this Conference on Thursday, February 21,
2008 at 11:45 a.m. EDT. About GeoResources, Inc. In April, 2007,
the Company completed its mergers with Southern Bay Oil & Gas
L.P. and Chandler Energy, LLC. The management of Southern Bay and
Chandler became the principal management of the combined entity.
Corporate headquarters are located in Houston, Texas. The Company
conducts its exploration, development and production operations
through wholly owned subsidiaries. Activities in the Southern
Region are conducted through Southern Bay Energy, LLC, located in
Houston, Texas and Northern Region operations are conducted through
G3 Energy LLC, located in Denver, Colorado. The Company also
maintains a regional office in Williston, North Dakota. For more
information, visit our website at www.georesourcesinc.com.
Forward-Looking Statements Information herein contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, which can be identified
by words such as "may," "will," "expect," "anticipate," "estimate"
or "continue," or comparable words. All statements other than
statements of historical facts that address activities that the
Company expects or anticipates will or may occur in the future are
forward-looking statements. Readers are encouraged to read the SEC
reports of the Company, particularly its Form 10-KSB for the Fiscal
Year Ended December 31, 2006 and the Company�s Registration
Statement on Form S-3 (Reg. No. 333-144831), dated July 24, 2007,
for meaningful cautionary language disclosure.
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