Goodrich Petroleum Announces Filing of Shelf Registration Statement

Goodrich Petroleum Announces Filing of Shelf Registration
Statement 


HOUSTON, Dec. 23  /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation
today announced that the Company has filed a universal shelf registration
statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The
registration statement, when declared effective by the SEC, will provide the
Company financial flexibility and the opportunity to issue debt securities,
preferred stock, common stock, depositary shares, warrants and/or guaranties of
debt securities from time to time, in one or more offerings, up to an aggregate
amount of $100 million. The terms of any such future offerings would be
established at the time of such offering.

The filing of the registration statement will, when declared effective by the
SEC, increase the Company's options to provide additional capital for the
funding of an expanded capital expenditure budget, potential acquisitions, new
business opportunities and/or general corporate purposes.

The securities being registered under this universal shelf registration
statement S-3 may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such offer or
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such state. Any offer of these securities will
be made solely by means of the prospectus included in the registration
statement and any prospectus supplement that may be issued in respect of any
such offering.

Certain statements in this news release regarding future expectations and plans
for future activities may be regarded as "forward looking statements" within
the meaning of the Securities Litigation Reform Act. They are subject to
various risks, such as financial market conditions, operating hazards, drilling
risks, and the inherent uncertainties in interpreting engineering data relating
to underground accumulations of oil and gas, as well as other risks discussed
in detail in the Company's Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission. Although the Company believes that the
expectations reflected in such forward looking statements are reasonable, it
can give no assurance that such expectations will prove to be correct.

Goodrich Petroleum is an independent exploration and production company listed
on the New York Stock Exchange. The majority of its oil and gas properties are
in Louisiana and Texas. 

DATASOURCE: Goodrich Petroleum Corporation



CONTACT:  Robert C. Turnham, Jr., President, or D. Hughes Watler, Jr.,

Chief Financial Officer, both of Goodrich Petroleum Corporation,

[phone]



Web site:  http://www.goodrichpetroleum.com/ 

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