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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">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">Washington, D.C.
20549</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="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
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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="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; 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="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: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</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>
    <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">Date of
Report (Date of earliest event reported): July 13, 2009</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</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: 18pt; FONT-FAMILY: Times New Roman">GEORESOURCES,
INC.</font></div>
    <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">(Exact
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: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="29%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      </font></td>
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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-STYLE: italic; FONT-FAMILY: times new roman">(State
      or other jurisdiction</font></div>
            </td>
            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      </font></td>
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      Employer</font></div>
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      incorporation)</font></div>
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            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">File
      Number)</font></div>
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            <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; 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="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Identification
      No.)</font></div>
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    <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: 12pt; FONT-FAMILY: Times New Roman">110
Cypress Station Drive, Suite 220</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: 12pt; FONT-FAMILY: Times New Roman">Houston,
Texas 77090</font></div>
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offices) (Zip Code)</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: 12pt; FONT-FAMILY: Times New Roman">(281)
537-9920</font></div>
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telephone number, including area code)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
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            <td valign="top" width="66%" style="BORDER-BOTTOM: darkgray 1px solid">
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      Applicable</font></div>
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            <td align="left" valign="top" width="66%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
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            <td valign="top" width="66%">
              <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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          </tr>
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    </div>
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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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</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: 10pt; FONT-FAMILY: Times New Roman">___
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>
    <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">___
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>
    <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">___
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: 10pt; 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" 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: 10pt; 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="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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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: 10pt; FONT-FAMILY: Times New Roman"><a name="102" /><a name="101">SECTION 1 &#8211; REGISTRANT&#8217;S BUSINESS AND
OPERATIONS</a></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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Second Amended and Restated
Credit Agreement</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On July
13, 2009, GeoResources, Inc. (the &#8220;Registrant&#8221;), as borrower, entered into a
Second Amended and Restated Credit Agreement (the &#8220;Amendment&#8221;) with Wachovia
Bank, National Association (&#8220;Wachovia&#8221;), as Administrative Agent; Comerica Bank
and BBVA Compass, as Co-Syndication Agents; U.S. Bank, National Association and
The Frost National Bank, as Co-Documentation Agents; and Wells Fargo Securities,
LLC, as Sole Lead Arranger and Sole Bookrunner (collectively, the
&#8220;Lender&#8221;).</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the Amendment, the Registrant secured an Amended and Restated Senior Secured
Revolving Credit Facility (the &#8220;Amended Credit Facility&#8221;), which is available to
provide financing to the Registrant of up to $250.0 million.</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
initial borrowing base of the Amended Credit Facility is $135.0 million, and is
subject to redetermination on May 1 and November 1 of each year.&#160;&#160;The
amounts borrowed under the Amendment bear annual interest rates at either (a)
the London Interbank Offered Rate (&#8220;LIBOR&#8221;) plus 2.25% to 3.0% or (b) the prime
lending rate of Wachovia plus 1.25% to 2.0%, depending on the amount borrowed
under the Amended Credit Facility.&#160;&#160;Principal amounts outstanding
under the Amended Credit Facility are due and payable in full at maturity,
October<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>16,
2012.</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additional
payments due under the Amended Credit Facility include paying a commitment fee
to the Lender in respect of the unutilized commitments
thereunder.&#160;&#160;The commitment rate is 0.50% per year.&#160;&#160;The
Registrant is also required to pay customary letter of credit fees.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <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">All of
the obligations under the Amended Credit Facility, and the guarantees of those
obligations, are secured by substantially all of the Registrant&#8217;s
assets.</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Amended Credit Facility contains a number of covenants that, among other things,
restrict, subject to certain exceptions, the Registrant&#8217;s ability to incur
additional indebtedness, create liens on assets, make investments, enter into
sale and leaseback transactions, pay dividends and distributions or repurchase
its capital stock, engage in mergers or consolidations, sell certain assets,
sell or discount any notes receivable or accounts receivable and engage in
certain transactions with affiliates.</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
addition, the Amended Credit Facility requires the Registrant to maintain the
following financial covenants: a current ratio of not less than 1.0 to 1.0, a
funded debt to earnings before interest, taxes, depreciation, depletion,
amortization and exploration expenses (&#8220;EBITDAX&#8221;) ratio of not greater than 4.0
to 1.0 and an interest coverage ratio, which is the ratio of the EBITDAX for the
four most recently completed quarters ending on such date compared to the cash
interest payments made for such fiscal quarters, of not less than 3.0 to
1.0.&#160;&#160;EBITDAX is defined in the Amendment as, for any period, the sum
of consolidated net income for such period plus the following expenses or
charges to the extent deducted from consolidated net income in such period:
interest, income taxes, depreciation, depletion, amortization and
exploration.&#160;&#160;The Amended Credit Facility contains customary
affirmative covenants and defines events of default for facilities of this type,
including failure to pay principal or interest, breach of covenants, breach of
representations and warranties, insolvency, judgment default, a change of
control and if Frank A. Lodzinski ceases to serve as President and Chief
Executive Officer of the Registrant and Wachovia does not approve of Mr.
Lodzinski&#8217;s successor.&#160;&#160;Upon the occurrence and continuance of an
event of default, the Lenders have the right to accelerate repayment of the
loans and exercise their remedies with respect to the collateral.</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
December 31, 2008, Wells Fargo &amp; Company ("Wells Fargo") acquired Wachovia
Corporation through a merger of Wachovia Corporation with and into Wells
Fargo.&#160; Scott R. Stevens, a director of the Registrant, is a Principal of
WCP Fund I, L.P., which owns 1,688,860 shares of the Registrant&#8217;s outstanding
common stock.&#160;&#160;WCP Fund I, L.P. is majority owned by an entity
controlled by Wells Fargo.&#160; Mr. Stevens disclaims beneficial ownership of
any of these shares.&#160;&#160;</font><br></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: 10pt; FONT-FAMILY: Times New Roman">ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS</font></div>
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      INC.</font></div>
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      Frank A. Lodzinski</font></div>
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              </div>
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      A. Lodzinski, President</font></div>
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July 17, 2009</font></div>
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creditagreement.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): July 13, 2009
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
Cypress 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))
______________________________________________________________________________
SECTION 1 – REGISTRANT'S BUSINESS AND
OPERATIONS
ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Second Amended and Restated
Credit Agreement
On July
13, 2009, GeoResources, Inc. (the "Registrant"), as borrower, entered into a
Second Amended and Restated Credit Agreement (the "Amendment") with Wachovia
Bank, National Association ("Wachovia"), as Administrative Agent; Comerica Bank
and BBVA Compass, as Co-Syndication Agents; U.S. Bank, National Association and
The Frost National Bank, as Co-Documentation Agents; and Wells Fargo Securities,
LLC, as Sole Lead Arranger and Sole Bookrunner (collectively, the
"Lender").
Pursuant
to the Amendment, the Registrant secured an Amended and Restated Senior Secured
Revolving Credit Facility (the "Amended Credit Facility"), which is available to
provide financing to the Registrant of up to $250.0 million.
The
initial borrowing base of the Amended Credit Facility is $135.0 million, and is
subject to redetermination on May 1 and November 1 of each year.  The
amounts borrowed under the Amendment bear annual interest rates at either (a)
the London Interbank Offered Rate ("LIBOR") plus 2.25% to 3.0% or (b) the prime
lending rate of Wachovia plus 1.25% to 2.0%, depending on the amount borrowed
under the Amended Credit Facility.  Principal amounts outstanding
under the Amended Credit Facility are due and payable in full at maturity,
October
16,
2012.
Additional
payments due under the Amended Credit Facility include paying a commitment fee
to the Lender in respect of the unutilized commitments
thereunder.  The commitment rate is 0.50% per year.  The
Registrant is also required to pay customary letter of credit fees.
All of
the obligations under the Amended Credit Facility, and the guarantees of those
obligations, are secured by substantially all of the Registrant's
assets.
The
Amended Credit Facility contains a number of covenants that, among other things,
restrict, subject to certain exceptions, the Registrant's ability to incur
additional indebtedness, create liens on assets, make investments, enter into
sale and leaseback transactions, pay dividends and distributions or repurchase
its capital stock, engage in mergers or consolidations, sell certain assets,
sell or discount any notes receivable or accounts receivable and engage in
certain transactions with affiliates.
In
addition, the Amended Credit Facility requires the Registrant to maintain the
following financial covenants: a current ratio of not less than 1.0 to 1.0, a
funded debt to earnings before interest, taxes, depreciation, depletion,
amortization and exploration expenses ("EBITDAX") ratio of not greater than 4.0
to 1.0 and an interest coverage ratio, which is the ratio of the EBITDAX for the
four most recently completed quarters ending on such date compared to the cash
interest payments made for such fiscal quarters, of not less than 3.0 to
1.0.  EBITDAX is defined in the Amendment as, for any period, the sum
of consolidated net income for such period plus the following expenses or
charges to the extent deducted from consolidated net income in such period:
interest, income taxes, depreciation, depletion, amortization and
exploration.  The Amended Credit Facility contains customary
affirmative covenants and defines events of default for facilities of this type,
including failure to pay principal or interest, breach of covenants, breach of
representations and warranties, insolvency, judgment default, a change of
control and if Frank A. Lodzinski ceases to serve as President and Chief
Executive Officer of the Registrant and Wachovia does not approve of Mr.
Lodzinski's successor.  Upon the occurrence and continuance of an
event of default, the Lenders have the right to accelerate repayment of the
loans and exercise their remedies with respect to the collateral.
On
December 31, 2008, Wells Fargo & Company ("Wells Fargo") acquired Wachovia
Corporation through a merger of Wachovia Corporation with and into Wells
Fargo.  Scott R. Stevens, a director of the Registrant, is a Principal of
WCP Fund I, L.P., which owns 1,688,860 shares of the Registrant's outstanding
common stock.  WCP Fund I, L.P. is majority owned by an entity
controlled by Wells Fargo.  Mr. Stevens disclaims beneficial ownership of
any of these shares.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
None.
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 17, 2009