GeoResources, Inc. attributes their durability and strong financial position to a fairly conservative business approach. While other companies in the small-cap oil and gas industry have overextended themselves and are rapidly unloading their assets, they are thriving.
GeoResources, Inc. engages in the acquisition and development of oil and gas, with the core of their business built on purchases of reserves, re-engineering, development and exploration activities in the Southwest, Gulf Coast and Williston Basin. While the company maintains its cautious approach, it is willing to take advantage of any opportunities the economy may present.
“GeoResources is not going to sit still in this environment,” says Robert J. Anderson, vice president of business development acquisitions and divestitures, “We’ve got liquidity. We’ve got a good base production, cash flow and opportunities to drill, but we also see some very good opportunities to acquire other assets in this marketplace.” To read the full article by Tracee Tolentino, go to page 67 of the upcoming digital issue of EQUITIES Magazine. Sign up for a free one-year subscription to EQUITIES Magazine.
GeoResources will be featured alongside Petroleum Development Corporation (NASDAQ: PETD), NiMin Energy Corp. (TSX: NNN), U.S. Energy Corp. (NASDAQ:USEG) and China North East Petroleum Holdings Ltd. (NYSE Amex: NEP) in the October 2009 issue of EQUITIES Magazine.
To have your company featured in Companies On the Move, please contact EQUITIES Magazine at (310) 271-1700.
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Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
