Goodrich Petroleum Corporation announced financial and operating results for the quarter ended June 30, 2013 and provided an operational update.

Tuscaloosa Marine Shale (TMS):

The Encana operated Anderson 17H-2 (7% WI) well is online and producing with a peak 24-hour average rate of 1,540 BOE (95% oil) on a 17/64 inch choke. The Anderson 17H-3 (7% WI) well is in early stage of flowback with approximately 2% of frac fluid recovered, with results to be announced upon achievement of peak rate; The Smith 5-29H-1 (89% WI) well has averaged approximately 1,000 BOE (96% oil) per day on a 12/64 inch choke over the last eight days;

The Crosby 12H-1 (50% WI) well reached cumulative production of in excess of 100,000 BOE in five months, with current production rate of approximately 375 BOE per day;

Company on target to close by August 22nd on its recently announced acquisition of a 66.7% working interest in 750 gross barrels of oil per day (March 2013) and 277,000 gross acres for $26.7 million, effective March 1, 2013. Upon closing, the Company will own approximately 320,000 net acres in the TMS;

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