Goodrich Petroleum Announces Filing of Shelf Registration Statement HOUSTON, Dec. 23 /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation today announced that the Company has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The registration statement, when declared effective by the SEC, will provide the Company financial flexibility and the opportunity to issue debt securities, preferred stock, common stock, depositary shares, warrants and/or guaranties of debt securities from time to time, in one or more offerings, up to an aggregate amount of $100 million. The terms of any such future offerings would be established at the time of such offering. The filing of the registration statement will, when declared effective by the SEC, increase the Company's options to provide additional capital for the funding of an expanded capital expenditure budget, potential acquisitions, new business opportunities and/or general corporate purposes. The securities being registered under this universal shelf registration statement S-3 may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer or solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and any prospectus supplement that may be issued in respect of any such offering. Certain statements in this news release regarding future expectations and plans for future activities may be regarded as "forward looking statements" within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as financial market conditions, operating hazards, drilling risks, and the inherent uncertainties in interpreting engineering data relating to underground accumulations of oil and gas, as well as other risks discussed in detail in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Goodrich Petroleum is an independent exploration and production company listed on the New York Stock Exchange. The majority of its oil and gas properties are in Louisiana and Texas. DATASOURCE: Goodrich Petroleum Corporation CONTACT: Robert C. Turnham, Jr., President, or D. Hughes Watler, Jr., Chief Financial Officer, both of Goodrich Petroleum Corporation, +1-713-780-9494 Web site: http://www.goodrichpetroleum.com/

Copyright