Faruqi & Faruqi, LLP Announces Investigation of GeoResources, Inc.

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of GeoResources, Inc. (“GeoResources” or the “Company”) (NASDAQ: GEOI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Halcón Resources Corporation (“Halcon Resources”) (NYSE: HK) in a cash-and-stock transaction valued at approximately $952.56 million. Under the terms of the proposed transaction, GeoResources shareholders will receive $20.00 in cash and 1.932 shares of Halcón Resources common stock for each share of GeoResources common stock they hold, representing consideration to GeoResources stockholders of $39.71 per share based on the closing price of Halcón Resources common stock on April 25, 2012, while according to Yahoo! Finance, at least one financial analyst has set a price target of $43.00 for GeoResources.