GeoResources

[dan_s]

4th quarter results beat the First Call EPS estimate and came in just one cent under my forecast. I will update my forecast model tonight. - dan

Full Year 2011 Highlights
• Generated Adjusted EBITDAX(1) of $89.2 million for the year, a 34% increase over 2010.
• Generated Adjusted Net Income(1) of $34.9 million for the year, a 43% increase over 2010.
• Generated Adjusted Earnings Per Share (Diluted)(1) of $1.36/share for the year, a 12% increase over 2010.
• Ended the year with $219 million in Liquidity(1).
Fourth Quarter 2011 Highlights
• Generated Adjusted EBITDAX(1) of $26.8 million in the quarter, a 76% increase over the fourth quarter 2010 and an 11% increase over the third quarter 2011.
• Generated Adjusted Net Income(1) of $10.6 million in the quarter, a 99% increase over the fourth quarter 2010 and a 14% increase over the third quarter 2011.
• Generated Adjusted Earnings Per Share (Diluted)(1) of $0.41/share in the quarter, a 58% increase over the fourth quarter 2010 and a 14% increase over the third quarter 2011.

[dan_s]

GeoResources (GEOI): The company reported 4th quarter results in-line with our forecast model. An updated forecast and revised Fair Value estimate are available under the Sweet 16 Tab. - Dan