Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - GOODRICH PETROLEUM CORP | h71814e8vk.htm |
| EX-10.1 - EX-10.1 - GOODRICH PETROLEUM CORP | h71814exv10w1.htm |
Exhibit 99.1
NEWS from
801 Louisiana, Suite 700
Houston, Texas 77002
Main: (713) 780-9494
Fax: (713) 780-9254
Houston, Texas 77002
Main: (713) 780-9494
Fax: (713) 780-9254
| Contact: | Traded: NYSE (GDP) |
Robert C. Turnham, President
FOR IMMEDIATE RELEASE
GOODRICH PETROLEUM ANNOUNCES MANAGEMENT CHANGES
Houston, Texas — March 24, 2010. Goodrich Petroleum Corporation (NYSE: GDP) today announced the
resignation of David R. Looney from his position as executive vice president and chief financial
officer. Mr. Looney, whose resignation becomes effective March 31, 2010, is leaving to pursue
other business opportunities. As part of the resignation, Mr. Looney has agreed to serve as a
consultant for the Company for a period of six months to assist the Company with a transition
process.
The Company also today announced that effective March 31, 2010, Jan L. Schott has been appointed
interim chief financial officer. Ms. Schott has served the Company as Vice President and
Controller since January 2007.
Walter G. “Gil” Goodrich, the Company’s Vice Chairman and Chief Executive Officer, commented, “On
behalf of the Board of Directors, I want to thank David for his contributions over the past several
years. We appreciate his agreement to stay on as a consultant to ensure a smooth transition to a
new CFO and wish him well in his future endeavors. We are also very pleased to announce the
promotion of Jan Schott to interim CFO. As our principal accounting officer the past three years,
Jan has worked closely with David and provided excellent leadership to our accounting team”.
OTHER INFORMATION
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. Initial production rates are subject to decline over time and should not be regarded as
reflective of sustained production levels.
Goodrich Petroleum Corporation is an independent oil and gas exploration and production company
listed on the New York Stock Exchange. The majority of its properties are in Louisiana and Texas.