GeoResources Announces Appointment of Two Independent Directors

03 April 2010

Houston based GeoResources, Inc. announces the appointment of two independent directors, Bryant W. Seaman, III, and Donald J. Whelley. Seaman and Whelley were appointed to fill the vacancies on the Board arising from the March 30th resignations of two independent directors, Christopher W. Hunt and Scott R. Stevens, each of whom had served on the Board since April, 2007.

Seaman, age 57, has been Managing Director, Head of Family Company Advisory, Bessemer Trust, since November, 2005 advising clients regarding strategic alternatives, restructurings and recapitalizations, and liquidity events. From 2004 through October, 2005 he was a Partner, Merchant Banking, of Gregory & Hoenemeyer, Inc. From 2002 to 2004 he was Group Executive Vice President, International, of New York Stock Exchange, Inc. From 1998 through 2001 he was a Managing Director of Deutsche Banc Alex. Brown. From 1995 through 1997 he was a General Partner of Asia/Pacific Capital Partners, and from 1983 to 1995 he was a Managing Director, Investment Banking, and Credit Suisse First Boston. Mr. Seaman holds an A.B. degree in Political Science from Stanford University and MBA and Juris Doctor degrees from Columbia University.

Whelley, age 55, has been a Managing Member of DJW Advisors, LLC since 2008, advising clients on their direct oil and gas investments, strategic resources, litigation support and due diligence. From 1993 to 2008 he was Executive Vice President of John S. Herold, Inc., where he was Chief Financial Officer and responsible for managing valuation and consulting engagements. Prior to 1993 he held management positions with Damson Oil Corporation, B&D Equities, Inc., a broker-dealer; Granada Corporation, an agricultural biotech company; and Arthur Anderson & Co. Mr. Whelley holds a B.S. degree in Accounting from Clarkson University.

Frank A. Lodzinski, Chief Executive Officer and President of GeoResources, stated:
'We thank Chris Hunt and Scott Stevens for their dedicated and valuable service to us for the past three years and we are going to miss their contributions to our company. We are very fortunate to have Bryant Seaman and Don Whelley join our Board and are extremely pleased that persons of their caliber chose to serve our company as independent directors.'

Source: http://www.oilvoice.com/n/GeoResources_Announces_Appointment_of_Two_Independent_Directors/41c2248d1.aspx

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