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GeoResources Company Profile - Aug 24, 2011 by WrightReports

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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, development and exploration activities primarily focused in the Southwest, Gulf Coast and the Williston Basin areas of the United States. As of January 1, 2011, the Company had an estimated 23,985,000 barrels of oil equivalent of proved reserves being approximately 60% oil and 74% developed. Production for the year ended December 31, 2010 totaled 1,858,000 barrels of oil equivalent or 5,090 barrel of oil equivalent per day, of which 57% was oil. As of March 10, 2011, the Company had 61 gross (3.95 net) wells in the process of drilling or completing. In November 2010, the Company purchased an 86.67% membership interest in Trigon Energy Partners, LLC (Trigon).

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									Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   GeoResources, Inc.
                                                                                        440 Wheelers Farms Road
                                                                                        Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in U.S. Dollars

                                 Wright Quality Rating:CANN                                  Key Data

   GeoResources, Inc. is an independent oil and gas company engaged in the                   Ticker:
   acquisition and development of oil and gas reserves through an active and diversified     GEOI
   program which includes purchases of reserves, re-engineering, development and
   exploration activities primarily focused in the Southwest, Gulf Coast and the Williston   2010 Sales:
   Basin areas of the United States. As of January 1, 2011, the Company had an
                                                                                             99,913,000
   estimated 23,985,000 barrels of oil equivalent of proved reserves being
   approximately 60% oil and 74% developed. Production for the year ended December
   31, 2010 totaled 1,858,000 barrels of oil equivalent or 5,090 barrel of oil equivalent    Major Industry:
   per day, of which 57% was oil. As of March 10, 2011, the Company had 61 gross             Oil, Gas, Coal & Related
   (3.95 net) wells in the process of drilling or completing. In November 2010, the          Services
   Company purchased an 86.67% membership interest in Trigon Energy Partners, LLC
   (Trigon).                                                                         Sub Industry:
                       Stock Chart                                Officers           Crude Oil & Natural Gas
                                                         Chairman, President & Chief Producers
                                                                 Executive
                                                              Frank A. Lodzinski     Country:
                                                                                     United States
                                                            Vice President, Chief
                                                          Operating Officer & Chief  Currency:
                                                             Accounting Officer
                                                                                     U.S. Dollars
                                                               Howard E. Ehler

                                                                                             Fiscal Year Ends:
                                                                                             December

                                                                                             Employees
                                                                                             60

                                                                                             Exchanges:
                                                                                             NAS

                                
								
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