GeoResources Inc.

Description

President and Chief Executive Officer, age 60, has 38 years of oil and gas industry experience. In 1984, he formed Energy Resource Associates, Incorporated, which acquired controlling interests in oil and gas properties and limited partnerships. Subsequently, certain assets were sold and in 1992 partnership interests were exchanged for common shares of Hampton Resources Corporation (NASDAQ:”HPTR”), which Mr. Lodzinski joined as President. In 1995, Hampton was sold to Bellwether Exploration Company. In 1996, he acquired Cliffwood Oil & Gas Corp. and in 1997, Cliffwood shareholders acquired controlling interests in Texoil, Incorporated (NASDAQ:“TXLI”), where Mr. Lodzinski served as CEO and president. In 2001, Texoil was sold to Ocean Energy, Incorporated Mr. Lodzinski was then appointed CEO and President of AROC, Incorporated, which was a financially distressed company. He and his management team took the company private, recapitalized the company and implemented a turn-around and liquidation plan. In late 2003, AROC completed an asset monetization, which resulted in a sizable liquidity event for preferred and common shareholders. Mr. Lodzinski subsequently formed Southern Bay Energy, LLC, and in 2005 acquired certain assets from AROC. In April 2007, Mr. Lodzinski merged Southern Bay and Chandler Energy LLC, a private Denver based oil and gas producer into GeoResources. Southern Bay contributed the majority of cash and assets to the GeoResources merger. Mr. Lodzinski’s primary equity investors have participated in prior activities and include Vlasic Investments LLC and Wachovia Capital Partners now a private equity group within Wells Fargo. He holds a BSBA degree in Accounting and Finance and is a certified public accountant.

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