GeoResources Inc. - 2011-01-18

Increased the size of its previously announced public offering from 4.7 million shares to 5.36 million shares, of which 4.5 million shares will be sold by GeoResources and 860,000 shares will be sold by certain selling shareholders at $25 per share.

GeoResources expects to use approximately $87 million of the net proceeds to immediately pay the $87-million outstanding balance under its credit agreement. The remaining net proceeds will be used to primarily fund its drilling and development expenditures.

Wells Fargo Securities is sole book-running manager. C. K. Cooper & Co., Rodman & Renshaw LLC, Johnson Rice & Co. LLC, Madison Williams, BMO Capital Markets and Global Hunter Securities are co-managers.