Goodrich Petroleum Declares Preferred Dividend

The board of directors of Goodrich Petroleum Corporation (NYSE: GDP has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock. The dividend will be paid on June 15, 2006 to stockholders of record as of June 1, 2006.

Goodrich Petroleum Corporation is an independent exploration and production company whose Common Stock is listed on the New York Stock Exchange under the symbol GDP.

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