GeoResources provides a new Eagle Ford project and commencement of operated Bakken drilling.

Eagle Ford GeoResources have assembled approximately 22,000 net acres in the Eagle Ford trend of Texas and entered into agreements with Ramshorn Investments, Inc. ('Ramshorn'), an affiliate of Nabors Industries LTD ('Nabors'), to jointly acquire additional acreage and implement a drilling and development program. A wholly-owned subsidiary of GeoResources, Inc. retains a 50% working interest (currently about 11,000 net acres) and will serve as operator within an Area of Mutual Interest ('AMI'), located in Southwest Fayette County, Texas, which covers approximately 140,000 acres. Pursuant to the Participation and Joint Operating Agreements, Ramshorn has purchased a 50% interest in the acreage and will drill six horizontal obligation wells for the joint account. In addition, the parties have agreed to acquire additional acreage within the AMI. GeoResources intend to begin drilling as soon as reasonably possible, perhaps by the end of 2010.

Bakken Shale Operated On September 25, 2010, GeoResources initiated drilling on their Williams County acreage with the Carlson 1-11H well, a Middle Bakken test in Section 11, T157N-R103W. The initial location is a 640 acre drilling unit and we have a 47.5% working interest. The company also plan to drill two 1,280 acre spacing units immediately following the Carlson well. GeoResources' working interests in these locations are 34% and 35%, respectively.

GeoResources have acquired approximately 50,000 net leasehold acres in an AMI covering about 115,000 acres and as mentioned in prior releases, brought in industry partners to participate in development. As operator, GeoResources retained a 47.5% working interest, representing approximately 24,000 net acres. Assuming full development on a 1,280 acre spacing unit basis, the company have a majority interest and control about forty units and have working interests in another forty-two units. Where they have a minority interest in a spacing unit, GeoResources will continue to focus on increasing their interests; thereby increasing the likelihood that they will be the designated unit operator.

Bakken Shale Non-operated To date, in their non-operated program located in Mountrail and adjacent counties, GeoResources have participated in 72 wells drilled by their primary operator, Slawson Exploration, with a 100% success rate. In addition, GeoResources own minor working interests in numerous wells within the Bakken/Three Forks play. Slawson is currently running three drilling rigs and GeoResources continue to acquire additional acreage and well interests, when reasonably available.

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