GeoResources Inc. - 2011-01-20

In connection with the company's public offering of 5.36 million shares of common stock, of which 4.5 million shares were sold by the company and 860,000 shares were sold by certain selling shareholders at $25 per share, the underwriters have exercised in full their option to purchase an additional 675,000 shares from the company and 129,000 shares from the selling shareholders.

Approximately $87 million of the net proceeds will be used to immediately pay in full the outstanding balance under the company's credit facility. Remaining net proceeds, along with its cash flow and credit facility availability, will be used to fund its drilling and development expenditures on its acreage in the Bakken trend in North Dakota and Montana, and its acreage in the Eagle Ford trend in Texas.

Wells Fargo Securities was the sole book-running manager for the offering. C. K. Cooper & Co., Rodman & Renshaw LLC, Johnson Rice & Company LLC, Madison Williams, BMO Capital Markets and Global Hunter Securities were co-managers.