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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">______________________________________________________________________________</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 22pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">Washington, D.C.
20549</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Pursuant
to Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Date of
Report (Date of earliest event reported): June 26, 2008</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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INC.</font></div>
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name of registrant as specified in its charter)</font></div>
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      </font></td>
            <td align="left" valign="top" width="29%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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      or other jurisdiction</font></div>
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      Number)</font></div>
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Cy<font size="+0">pr</font>ess Station Drive, Suite 220</font></div>
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Texas 77090</font></div>
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of principal executive offices) (Zip Code)</font></font></div>
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537-9920</font></div>
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telephone number, including area code)</font></div>
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      Applicable</font></div>
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          <tr>
            <td align="left" valign="top" width="66%" style="BORDER-BOTTOM: darkgray 1px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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          <tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
      Name or Former Address, if Changed Since Last
  Report)</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy<font size="+0"> the filing </font>obligation of the registrant under any
of the following provisions:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Written communications pursuant to Rule&#160;425 under the Securities Act (17
CFR 230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">___
Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">______________________________________________________________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PN" style="PAGE-BREAK-AFTER: always">
      <div style="WIDTH: 100%; TEXT-ALIGN: center">
      </div>
    </div>
    <div id="HDR">
      <div id="GLHDR" style="WIDTH: 100%" align="right">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman"><a name="102">ITEM 2.02: RESULTS OF OPERATIONS AND FINANCIAL
CONDITION</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">On June
26, 2008, GeoResources, Inc. issued a press release providing an operations
update. <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">&#160;</font>A copy
of the press release is furnished with this report as Exhibit 99.1, and is
incorporated herein by reference.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">The
information in this report is being furnished, not filed, for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, and will not be
incorporated by reference into any filing under the Securities Act of 1933, as
amended.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">(d)</font></div>
            </td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="73%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Exhibits:</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="73%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="73%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">The
      following exhibit is included with this Current Report on
      Form&#160;8-K:</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="bottom" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="60%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 12pt">Exhibit&#160;No.</font></font></div>
            </td>
            <td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="60%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 12pt">Description</font></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="14%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="60%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td valign="top" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">99.1</font></div>
            </td>
            <td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="60%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">GeoResources,
      Inc. Press Release dated June 26,
2008.</font></div>
            </td>
          </tr>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">SIGNATURE</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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to the requirement of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">GEORESOURCES,
      INC</font></div>
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      </font></td>
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            <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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            <td align="left" valign="top" width="24%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      </font></td>
            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">By:</font></div>
            </td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="24%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">/s/
      Frank A. Lodzinski</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Frank
      A. Lodzinski, President</font></div>
            </td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Date:
July 1, 2008</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div><br>
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INDEX</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">Exhibit&#160;No.</font></font></div>
            </td>
            <td align="left" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="67%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 12pt">Description</font></font></div>
            </td>
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">99.1</font></div>
            </td>
            <td align="left" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="67%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">GeoResources,
      Inc. Press Release dated June 26,
2008.</font></div>
            </td>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
99.1</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="pressrelease626082.jpg" alt=""></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Contact:&#160;&#160;Cathy
Kruse</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Telephone:
701-572-2020 ext 113</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">cathyk@geoi.net</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: -9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;<font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;<font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">FOR IMME<font size="+0" style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">DIATE
</font>RELEASE</font></font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">G<font size="+0" style="FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">eoResourc</font>es, Inc. Provides Operations Update</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">Continues
successful horizontal drilling in Texas and North Dakota</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">Completes
Acquisition and Divestitures</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="FONT-SIZE: 12pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">Houston, Texas, June
26, 2008 </font>&#8211; GeoResources, Inc., (Nasdaq:GEOI), today provided an
operations update.&#160;&#160;The Company has completed additional horizontal
wells in Texas and North Dakota, closed its recently announced Oklahoma
acquisition and completed its current divestitures of certain non-core producing
properties.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">DRILLING
RESULTS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">During
the second quarter of 2008, GeoResources completed the Jeff Haynie #1-H as its
second dual lateral well in the Austin Chalk formation in the Giddings Field,
Grimes County, Texas.&#160;&#160;This well has averaged over 17 MMCFPD in the
first 20 days of production.&#160;&#160;This well is the eighth successful
completion since closing the acquisition of the field in February of 2007, and
the Company has achieved a 100% success rate in drilling these Austin Chalk
horizontal wells.&#160;&#160;The Company is currently drilling the Keisler #2-H
as a dual lateral well which is expected to be completed and placed on
production during the third quarter.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">The
Company has acquired additional acreage in the Giddings Field area and is in the
process of permitting more drilling locations.&#160;&#160;Based on continued
technical evaluation, leasing and acceptable well performance, GeoResources
expects to retain the current drilling rig and crew and spud a new well
approximately every 60-75 days for the next three years.&#160;&#160;The Company
is the operator of these wells and holds a direct 7.2% working
interest.&#160;&#160;In addition, an affiliated partnership owns an 82.8%
working interest.&#160;&#160;The Company holds a 2% general partner interest in
the partnership, which increases significantly in accordance with economic
performance parameters under the terms of the partnership
agreement.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">GeoResources has completed drilling two shallow
horizontal oil wells in its Wayne Field, Bottineau County, North
Dakota.&#160;&#160;The Oscar Fossum H5 averaged 153 BOPD in its first 30 days of
production.&#160;&#160;The Company has a 67% working interest in this
well.&#160;&#160;The Company has a 100% working interest in the
Ballantyne-State/Steinhaus H2, which has been placed on production at a rate of
about 55 BOPD.&#160;&#160;The first horizontal leg of the
Ballantyne-State/Steinhaus H2 was curtailed at approximately 2,400 feet due to
mechanical considerations and the Company is planning a re-entry and second
horizontal leg at a later date concurrent with additional drilling in the
field.&#160;&#160;Other horizontal wells in the area generally have reserves
ranging from 250-400 MBO per well.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">The
Company holds a 10 &#8211; 15% working interest in approximately 26,000 acres in
Mountrail County, North Dakota and is participating in numerous Bakken shale
wells through a joint venture.&#160;&#160;At present, five horizontal Bakken
wells in Mountrail County, North Dakota, operated by Slawson Exploration, are in
various stages of drilling and completion.&#160;&#160;The Jackal #1-17H, in
which the Company has a 6.8% working interest, has recently been completed and
is flowing oil up the casing at an initial rate of 418 BOEPD.&#160;&#160;The
Company has a 5.1% working interest in the Pathfinder #1-9H which encountered
hydrocarbons and is expected to be completed in July.&#160;&#160;GeoResources
also holds a 5.1% working interest in the Prospector #1-36H which is currently
waiting on completion and also experienced hydrocarbon shows during
drilling.&#160;&#160;Slawson has spud the Payara #1-21H with the Company <font size="+0">having a 6.2% working interest and a second rig has been contracted
which is drilling the Prowler #1-16H well where the Company holds a 6.2% working
interest.&#160;&#160;Continuous drilling with one drilling rig is expected
throughout 2008 and 2009 and a </font>second rig will be used pending
availability.&#160;&#160;At present, 11 additional wells are scheduled and
GeoResources&#8217; working interests range from 5 to 10% in these
wells.&#160;&#160;Additional locations are being permitted.&#160;&#160;In
addition, GeoResources has small interests in eight wells and currently expects
to participate with other operators in six additional scheduled
wells.&#160;&#160;These small participations result in valuable engineering and
geological data.&#160;&#160;As the Company concentrates on Slawson operated
wells, it will evaluate all available technical information while attempting to
increase its position in this expanding play.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">OKLAHOMA
ACQUISITION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">This
previously announced acquisition was formally closed and funded on June 6, 2008
and includes properties located throughout Oklahoma.&#160;&#160;This acquisition
consists of approximately 200 producing wells of which 70 will be operated by
the Company.&#160;&#160;There are also approximately 100 additional drilling
locations with the vast majority being proved undeveloped
locations.&#160;&#160;The Company purchased its direct interest in the
properties for approximately $12.8 million, an effective purchase price of
$1.49/MCF.&#160;&#160;The acquisition added approximately 8.6 BCFE of net proved
reserves with a PV 10% of $32.2 million based on prices of $124/BBL and
$10.67/MCF of gas.&#160;&#160;Proved developed reserves represent approximately
39% of the acquired proved reserves.&#160;&#160;The existing wells are estimated
to add a net 600 MCFE per day to the Company throughout the remainder of
2008.&#160;&#160;In addition, the Company paid approximately $1 million for its
2% General Partner interest in the remaining 82% of the assets with a
substantial financial partner as the sole limited partner.&#160;&#160;After a
specified rate-of-return, the 2% General Partner interest increases
significantly.&#160;&#160;Management believes that this acquisition provides
significant exploration and development opportunities directly associated with
the acquired interests and in regional proximity
thereto.&#160;&#160;GeoResources&#8217; management and technical staff have
significant prior experience in Oklahoma.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">EXPLORATION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">Quarantine Bay Field, Plaquemines Parish, Louisiana - as
previously disclosed the Company holds 13,956 gross and 4,885 net acres below
10,500 feet and is participating in an exploration program intended to drill
prospects below existing field production.&#160;&#160;The Quarantine Bay field
has produced approximately 180 million barrels of oil and 285 BCF of natural gas
in normal pressured zones above 10,500 feet.&#160;&#160;The Company believes the
deeper exploration potential to be significant.&#160;&#160;Accordingly, the 3-D
seismic survey was acquired in 2007 and after initial interpretation and
regional review, Schlumberger has been engaged to reprocess the 3-D seismic data
and provide further interpretative geological and geophysical
services.&#160;&#160;Based on their initial review Schlumberger has initially
identified 13 seismically defined prospect leads and confirmed certain prospect
leads previously identified by the Company.&#160;&#160;Identified prospect leads
are similar to producing regional analogies.&#160;&#160;Data reprocessing and
interpretation is expected to be completed in the third quarter 2008 and
detailed mapping and interpretation will proceed thereafter.&#160;&#160;We
anticipate this will result in identification of additional prospects and
enhanced definition of prospect leads.&#160;&#160;Pending the results and timing
of reprocessing and interpretation, the Company has scheduled two initial test
wells in mid 2009.&#160;&#160;The initial well is intended to test a prospective
zone at approximately 11,000 feet and the second well is intended to test
several objectives from about 13,000 to 15,500 feet.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">St.
Martinville Field, St. Martin Parish, Louisiana &#8211; the Company has initiated a
3-D project to image additional drilling potential.&#160;&#160;The field has
produced over 14 million barrels of oil at depths ranging from 3,000 feet to
9,500 feet since its discovery and has not been evaluated with modern 3-D
technology.&#160;&#160;The Company holds 1,322 gross and 1,283 net acres, which
represents a 100% working interest and virtually all of the minerals (therefore
no royalty burden).&#160;&#160;A successful well was drilled in late 2005 to a
depth of 4,700 feet that initially flowed over 100 BOPD, is still producing 30
BOPD and has several behind pipe zones.&#160;&#160;One additional well is
presently budgeted for the first quarter of 2009.&#160;&#160;We expect that the
3-D shoot will be completed in the first quarter of 2009 and will lead to
additional drilling.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">RE-ENGINEERING</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Re-engineering
of older fields with further development potential is an integral part of the
Company&#8217;s business strategy.&#160;&#160;Accordingly in the second quarter of
2008 these projects included workovers of existing wells, restoring shut-in
wells to production, redesign of artificial lift methods and
recompletions.&#160;&#160;Re-engineering projects are designed to add rate but
also to arrest production declines and reduce down-time and operating
expenses.&#160;&#160;During the second quarter of 2008 the Company added gross
production of approximately 40 BOPD and 850 MCFD through these re-engineering
efforts.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">DIVESTITURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
Company closed the sales of its planned property divestitures at the end of
May.&#160;&#160;These remaining transactions consisted of four non-core fields
in Louisiana and Texas and were sold for approximately $13
million.&#160;&#160;These properties, which were producing approximately 390
BOPD, included fields located in inland waters with short productive lives,
limited upside, high operating and administrative costs and significant plugging
and abandonment obligations.&#160;&#160;These sales will allow the Company to
focus on activities that have greater development and exploration potential and
therefore, higher potential returns.&#160;&#160;Since January 1, 2008, the
Company has sold nine producing fields for total proceeds of approximately $22
million and redeployed the proceeds into new properties with significantly
greater development and exploration potential in the Williston Basin and
Oklahoma.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">COMMENTS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">Frank A.
Lodzinski, Chief Executive Officer of GeoResources, said, &#8220;Our diversified
drilling and development program continues to deliver positive
results.&#160;&#160;We expect to continue to develop our assets and expand our
acreage and prospect inventory.&#160;&#160;In addition, phase one of our
property high grading program is complete and we have redeployed proceeds into
properties and acreage with longer production lives and greater development and
exploration potential.&#160;&#160;We are considering additional divestitures,
including our Black Warrior Basin assets in Alabama and Mississippi and other
nominal properties.&#160;&#160;Our large exploration play at Quarantine Bay is
proceeding with initial drilling scheduled for mid 2009.&#160;&#160;The capital
budget we announced in earlier this year is proceeding and we are encouraged by
results.&#160;&#160;This budget, as more fully discussed in prior releases and
filings with the SEC, includes multiple projects ranging from water-flood
implementation and expansion, to development drilling, to high impact
exploration drilling.&#160;&#160;We are very pleased with our entry into
Oklahoma, an area where we have considerable prior experience.&#160;&#160;That
acquisition brings significant drilling opportunities and we believe we can
expand in the areas.&#160;&#160;Over the next few months we expect to be
revising our capital budget to incorporate our Oklahoma drilling and to reflect
results of projects under development.&#160;&#160;We believe our diversified
approach will allow the Company to continue to grow
profitably.&#8221;</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">About
GeoResources, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 28.8pt"></font><font style="FONT-SIZE: 12pt">GeoResources, Inc. is an independent oil and gas company
engaged in the acquisition and development of oil and gas reserves through an
active and diversified program which includes purchases of reserves,
re-engineering, and development and exploration activities, currently focused in
the Southwest and Gulf Coast, the Williston Basin and the Rocky
Mountains.&#160;&#160;In April 2007, the Company completed the merger with
Southern Bay and Chandler Energy, LLC.&#160;&#160;For more information, visit
our website at www.georesourcesinc.com.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Forward-Looking
Statements</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">Information herein contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
which can be identified by words such as "may," "will," "expect," "anticipate,"
"estimate" or "continue," or comparable words.&#160;&#160;All statements other
than statements of historical facts that address activities that the Company
expects or anticipates will or may occur in the future are forward-looking
statements.&#160;&#160;Readers are encouraged to read the SEC reports of the
Company, our Annual Report on Form 10-KSB/A for the year ended December 31,
2007, and any and all other documents filed with the SEC regarding information
about GeoResources for meaningful cautionary language in respect of the
forward-looking statements herein.&#160;&#160;Interested persons are able to
obtain free copies of filings containing information about GeoResources, without
charge, at the SEC&#8217;s Internet site (http://www.sec.gov).</font></font></div>
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pressrelease62608.htm
______________________________________________________________________________
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): June 26, 2008
GEORESOURCES,
INC.
(Exact
name of registrant as specified in its charter)
COLORADO
0-8041
84-0505444
(State
      or other jurisdiction
(Commission
(IRS
      Employer
of
      incorporation)
File
      Number)
Identification
      No.)
110
Cy
pr
ess Station Drive, Suite 220
Houston,
Texas 77090
(Address
of principal executive offices) (Zip Code)
(281)
537-9920
(Registrant's
telephone number, including area code)
Not
      Applicable
(Former
      Name or Former Address, if Changed Since Last
  Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy
the filing
obligation of the registrant under any
of the following provisions:
___
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
___
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
___
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
___
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
______________________________________________________________________________
ITEM 2.02: RESULTS OF OPERATIONS AND FINANCIAL
CONDITION
On June
26, 2008, GeoResources, Inc. issued a press release providing an operations
update.
A copy
of the press release is furnished with this report as Exhibit 99.1, and is
incorporated herein by reference.
The
information in this report is being furnished, not filed, for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, and will not be
incorporated by reference into any filing under the Securities Act of 1933, as
amended.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS.
(d)
Exhibits:
The
      following exhibit is included with this Current Report on
      Form 8-K:
Exhibit No.
Description
99.1
GeoResources,
      Inc. Press Release dated June 26,
2008.
SIGNATURE
Pursuant
to the requirement of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
GEORESOURCES,
      INC
By:
/s/
      Frank A. Lodzinski
Frank
      A. Lodzinski, President
Date:
July 1, 2008
EXHIBIT
INDEX
Exhibit No.
Description
99.1
GeoResources,
      Inc. Press Release dated June 26,
2008.
EXHIBIT
99.1
Contact:  Cathy
Kruse
Telephone:
701-572-2020 ext 113
cathyk@geoi.net
FOR IMME
DIATE
RELEASE
G
eoResourc
es, Inc. Provides Operations Update
Continues
successful horizontal drilling in Texas and North Dakota
Completes
Acquisition and Divestitures
Houston, Texas, June
26, 2008
– GeoResources, Inc., (Nasdaq:GEOI), today provided an
operations update.  The Company has completed additional horizontal
wells in Texas and North Dakota, closed its recently announced Oklahoma
acquisition and completed its current divestitures of certain non-core producing
properties.
DRILLING
RESULTS
During
the second quarter of 2008, GeoResources completed the Jeff Haynie #1-H as its
second dual lateral well in the Austin Chalk formation in the Giddings Field,
Grimes County, Texas.  This well has averaged over 17 MMCFPD in the
first 20 days of production.  This well is the eighth successful
completion since closing the acquisition of the field in February of 2007, and
the Company has achieved a 100% success rate in drilling these Austin Chalk
horizontal wells.  The Company is currently drilling the Keisler #2-H
as a dual lateral well which is expected to be completed and placed on
production during the third quarter.
The
Company has acquired additional acreage in the Giddings Field area and is in the
process of permitting more drilling locations.  Based on continued
technical evaluation, leasing and acceptable well performance, GeoResources
expects to retain the current drilling rig and crew and spud a new well
approximately every 60-75 days for the next three years.  The Company
is the operator of these wells and holds a direct 7.2% working
interest.  In addition, an affiliated partnership owns an 82.8%
working interest.  The Company holds a 2% general partner interest in
the partnership, which increases significantly in accordance with economic
performance parameters under the terms of the partnership
agreement.
GeoResources has completed drilling two shallow
horizontal oil wells in its Wayne Field, Bottineau County, North
Dakota.  The Oscar Fossum H5 averaged 153 BOPD in its first 30 days of
production.  The Company has a 67% working interest in this
well.  The Company has a 100% working interest in the
Ballantyne-State/Steinhaus H2, which has been placed on production at a rate of
about 55 BOPD.  The first horizontal leg of the
Ballantyne-State/Steinhaus H2 was curtailed at approximately 2,400 feet due to
mechanical considerations and the Company is planning a re-entry and second
horizontal leg at a later date concurrent with additional drilling in the
field.  Other horizontal wells in the area generally have reserves
ranging from 250-400 MBO per well.
The
Company holds a 10 – 15% working interest in approximately 26,000 acres in
Mountrail County, North Dakota and is participating in numerous Bakken shale
wells through a joint venture.  At present, five horizontal Bakken
wells in Mountrail County, North Dakota, operated by Slawson Exploration, are in
various stages of drilling and completion.  The Jackal #1-17H, in
which the Company has a 6.8% working interest, has recently been completed and
is flowing oil up the casing at an initial rate of 418 BOEPD.  The
Company has a 5.1% working interest in the Pathfinder #1-9H which encountered
hydrocarbons and is expected to be completed in July.  GeoResources
also holds a 5.1% working interest in the Prospector #1-36H which is currently
waiting on completion and also experienced hydrocarbon shows during
drilling.  Slawson has spud the Payara #1-21H with the Company
having a 6.2% working interest and a second rig has been contracted
which is drilling the Prowler #1-16H well where the Company holds a 6.2% working
interest.  Continuous drilling with one drilling rig is expected
throughout 2008 and 2009 and a
second rig will be used pending
availability.  At present, 11 additional wells are scheduled and
GeoResources' working interests range from 5 to 10% in these
wells.  Additional locations are being permitted.  In
addition, GeoResources has small interests in eight wells and currently expects
to participate with other operators in six additional scheduled
wells.  These small participations result in valuable engineering and
geological data.  As the Company concentrates on Slawson operated
wells, it will evaluate all available technical information while attempting to
increase its position in this expanding play.
OKLAHOMA
ACQUISITION
This
previously announced acquisition was formally closed and funded on June 6, 2008
and includes properties located throughout Oklahoma.  This acquisition
consists of approximately 200 producing wells of which 70 will be operated by
the Company.  There are also approximately 100 additional drilling
locations with the vast majority being proved undeveloped
locations.  The Company purchased its direct interest in the
properties for approximately $12.8 million, an effective purchase price of
$1.49/MCF.  The acquisition added approximately 8.6 BCFE of net proved
reserves with a PV 10% of $32.2 million based on prices of $124/BBL and
$10.67/MCF of gas.  Proved developed reserves represent approximately
39% of the acquired proved reserves.  The existing wells are estimated
to add a net 600 MCFE per day to the Company throughout the remainder of
2008.  In addition, the Company paid approximately $1 million for its
2% General Partner interest in the remaining 82% of the assets with a
substantial financial partner as the sole limited partner.  After a
specified rate-of-return, the 2% General Partner interest increases
significantly.  Management believes that this acquisition provides
significant exploration and development opportunities directly associated with
the acquired interests and in regional proximity
thereto.  GeoResources' management and technical staff have
significant prior experience in Oklahoma.
EXPLORATION
Quarantine Bay Field, Plaquemines Parish, Louisiana - as
previously disclosed the Company holds 13,956 gross and 4,885 net acres below
10,500 feet and is participating in an exploration program intended to drill
prospects below existing field production.  The Quarantine Bay field
has produced approximately 180 million barrels of oil and 285 BCF of natural gas
in normal pressured zones above 10,500 feet.  The Company believes the
deeper exploration potential to be significant.  Accordingly, the 3-D
seismic survey was acquired in 2007 and after initial interpretation and
regional review, Schlumberger has been engaged to reprocess the 3-D seismic data
and provide further interpretative geological and geophysical
services.  Based on their initial review Schlumberger has initially
identified 13 seismically defined prospect leads and confirmed certain prospect
leads previously identified by the Company.  Identified prospect leads
are similar to producing regional analogies.  Data reprocessing and
interpretation is expected to be completed in the third quarter 2008 and
detailed mapping and interpretation will proceed thereafter.  We
anticipate this will result in identification of additional prospects and
enhanced definition of prospect leads.  Pending the results and timing
of reprocessing and interpretation, the Company has scheduled two initial test
wells in mid 2009.  The initial well is intended to test a prospective
zone at approximately 11,000 feet and the second well is intended to test
several objectives from about 13,000 to 15,500 feet.
St.
Martinville Field, St. Martin Parish, Louisiana – the Company has initiated a
3-D project to image additional drilling potential.  The field has
produced over 14 million barrels of oil at depths ranging from 3,000 feet to
9,500 feet since its discovery and has not been evaluated with modern 3-D
technology.  The Company holds 1,322 gross and 1,283 net acres, which
represents a 100% working interest and virtually all of the minerals (therefore
no royalty burden).  A successful well was drilled in late 2005 to a
depth of 4,700 feet that initially flowed over 100 BOPD, is still producing 30
BOPD and has several behind pipe zones.  One additional well is
presently budgeted for the first quarter of 2009.  We expect that the
3-D shoot will be completed in the first quarter of 2009 and will lead to
additional drilling.
RE-ENGINEERING
Re-engineering
of older fields with further development potential is an integral part of the
Company's business strategy.  Accordingly in the second quarter of
2008 these projects included workovers of existing wells, restoring shut-in
wells to production, redesign of artificial lift methods and
recompletions.  Re-engineering projects are designed to add rate but
also to arrest production declines and reduce down-time and operating
expenses.  During the second quarter of 2008 the Company added gross
production of approximately 40 BOPD and 850 MCFD through these re-engineering
efforts.
DIVESTITURES
The
Company closed the sales of its planned property divestitures at the end of
May.  These remaining transactions consisted of four non-core fields
in Louisiana and Texas and were sold for approximately $13
million.  These properties, which were producing approximately 390
BOPD, included fields located in inland waters with short productive lives,
limited upside, high operating and administrative costs and significant plugging
and abandonment obligations.  These sales will allow the Company to
focus on activities that have greater development and exploration potential and
therefore, higher potential returns.  Since January 1, 2008, the
Company has sold nine producing fields for total proceeds of approximately $22
million and redeployed the proceeds into new properties with significantly
greater development and exploration potential in the Williston Basin and
Oklahoma.
COMMENTS
Frank A.
Lodzinski, Chief Executive Officer of GeoResources, said, "Our diversified
drilling and development program continues to deliver positive
results.  We expect to continue to develop our assets and expand our
acreage and prospect inventory.  In addition, phase one of our
property high grading program is complete and we have redeployed proceeds into
properties and acreage with longer production lives and greater development and
exploration potential.  We are considering additional divestitures,
including our Black Warrior Basin assets in Alabama and Mississippi and other
nominal properties.  Our large exploration play at Quarantine Bay is
proceeding with initial drilling scheduled for mid 2009.  The capital
budget we announced in earlier this year is proceeding and we are encouraged by
results.  This budget, as more fully discussed in prior releases and
filings with the SEC, includes multiple projects ranging from water-flood
implementation and expansion, to development drilling, to high impact
exploration drilling.  We are very pleased with our entry into
Oklahoma, an area where we have considerable prior experience.  That
acquisition brings significant drilling opportunities and we believe we can
expand in the areas.  Over the next few months we expect to be
revising our capital budget to incorporate our Oklahoma drilling and to reflect
results of projects under development.  We believe our diversified
approach will allow the Company to continue to grow
profitably."
About
GeoResources, Inc.
GeoResources, Inc. is an independent oil and gas company
engaged in the acquisition and development of oil and gas reserves through an
active and diversified program which includes purchases of reserves,
re-engineering, and development and exploration activities, currently focused in
the Southwest and Gulf Coast, the Williston Basin and the Rocky
Mountains.  In April 2007, the Company completed the merger with
Southern Bay and Chandler Energy, LLC.  For more information, visit
our website at www.georesourcesinc.com.
Forward-Looking
Statements
Information herein contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
which can be identified by words such as "may," "will," "expect," "anticipate,"
"estimate" or "continue," or comparable words.  All statements other
than statements of historical facts that address activities that the Company
expects or anticipates will or may occur in the future are forward-looking
statements.  Readers are encouraged to read the SEC reports of the
Company, our Annual Report on Form 10-KSB/A for the year ended December 31,
2007, and any and all other documents filed with the SEC regarding information
about GeoResources for meaningful cautionary language in respect of the
forward-looking statements herein.  Interested persons are able to
obtain free copies of filings containing information about GeoResources, without
charge, at the SEC's Internet site (http://www.sec.gov).