GEOI Georesources, Inc. (MM)

GeoResources, Inc., (NASDAQ: GEOI), today announced that it has closed its previously announced public offering of 3.45 million shares of its common stock at a public offering price of $10.20 per share. The closing included the exercise in full of the underwriters’ over-allotment option.

Net proceeds from the offering were approximately $33.0 million after deducting the underwriters’ discount and estimated offering expenses, and will be used to reduce outstanding indebtedness under the Company’s credit agreement.

SMH Capital Inc. acted as Sole Book-Running and Lead Manager of the public offering; Rodman & Renshaw, LLC acted as Co-Lead Manager and C.K. Cooper & Company acted as Co-Manager. Copies of the supplemental prospectus and related base prospectus for the offering may be obtained from the offices of SMH Capital Inc. at 527 Madison Avenue, 14th floor, New York, NY 10022, Attn: Syndicate Department, or by telephone to (212) 893-1123, or by fax at (212) 317-2710. Alternatively, the supplemental prospectus and related base prospectus may be obtained on the Securities and Exchange Commission (“SEC”) website at http://www.sec.gov.

About GeoResources, Inc.

GeoResources, Inc. is an independent oil and gas company engaged in the acquisition and development of oil and gas reserves through an active and diversified program which includes purchases of reserves, re-engineering, and development and exploration activities, currently focused in the Southwest, Gulf Coast and the Williston Basin.

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 our 10-K/A for the year ended December 31, 2008 and the other SEC reports of the Company and any and all other documents filed with the SEC regarding information about GeoResources for meaningful cautionary language in respect of the forward-looking statements herein. Interested persons are able to obtain free copies of filings containing information about GeoResources, without charge, at the SEC’s Internet site (http://www.sec.gov).

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