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GeoResources revises FY12 production guidance upward

The Company is revising its 2012 full year production guidance upward to range between 7,300 and 8,300 boe/d (65% to 70% oil) to account for its updated drilling plan and recent acquisitions. Our previous guidance was between 6,500 and 7,500 boe/d. Sees FY12 CapEx $247M-$325M.