Halcon Resources and GeoResources Announce Results from Special Meetings of Stockholders

HOUSTON, TEXAS, July 31, 2012 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón") andGeoResources, Inc. (NASDAQ: GEOI) ("GeoResources") today announcedthat each company has received the necessary approvals from theirrespective stockholders to authorize GeoResources' merger with awholly owned subsidiary of Halcón pursuant to the previouslyannounced Agreement and Plan of Merger, dated as of April 24, 2012,by and among Halcón, Leopard Sub 1, Inc., Leopard Sub II, LLC andGeoResources.  Halcón and GeoResources expect to close themerger effective August 1, 2012.

The approval of the stockholders of Halcón and GeoResources wasone of the final conditions to the closing of the merger. Pursuant to the merger agreement, GeoResources stockholders willreceive $20.00 in cash and 1.932 shares of Halcón common stock foreach share of GeoResources common stock they hold.  As aresult of the transaction, GeoResources' common stock will cease tobe listed on the NASDAQ Global Select Market. 

Halcón stockholders approved the issuance of shares of Halcóncommon stock in the merger and also approved the election ofMichael A. Vlasic, Chief Executive Manager of Vlasic InvestmentsL.L.C. and board member of GeoResources, to Halcón's board ofdirectors contingent upon consummation of the merger.

GeoResources stockholders approved the adoption of the mergeragreement and also approved, on an advisory basis, the compensationpaid or payable to GeoResources' named executive officers relatingto the merger.

About Halcón Resources

Halcón Resources Corporation is an independent energy companyengaged in the acquisition, production, exploration and developmentof onshore oil and natural gas properties in the United States.

About GeoResources, Inc.

GeoResources, Inc. is an independent oil and gas company engagedin the acquisition, drilling and development of undeveloped leases,purchases of reserves and exploration activities, currently focusedin the Southwest, Gulf Coast and Williston Basin.

Cautionary Statement for Purposes of the "Safe Harbor"Provisions of the Private Securities Litigation Reform Act of1995

This news release contains forward-looking statements within themeaning of Section 27A of the Securities Act of 1933, asamended, and Section 21E of the Securities Exchange Act of1934, as amended. Statements that are not strictly historicalstatements constitute forward-looking statements and may often, butnot always, be identified by the use of such words such as"expects", "believes", "intends", "anticipates", "plans","estimates", "potential", "possible", or "probable" or statementsthat certain actions, events or results "may", "will", "should", or"could" be taken, occur or be achieved. The forward-lookingstatements include the anticipated closing date of the proposedmerger. Forward-looking statements are based on currentexpectations and assumptions we believe are appropriate under thecircumstances. However, actual results and developments are subjectto a number of risks and uncertainties, including, but not limitedto, the ability of the parties to consummate the proposed merger.Halcón and GeoResources undertake no obligation to revise or updatepublicly any forward-looking statements for any reason.