Goodrich Petroleum Appoints New Board Director

Goodrich Petroleum Corporation announced that Stephen M. Straty has been appointed to its Board of Directors. Mr. Straty joins the Board effective January 21, 2009 as an independent Director and will serve as a class III Director until the 2010 annual meeting of shareholders.

The appointment of Mr. Straty increases the Board from nine to ten Directors. Mr. Straty has nearly thirty years of experience in energy finance and is currently Co-Head and a managing Director of Jefferies Randall & Dewey, the Energy Investment Banking Group of Jefferies Group, Inc.

Patrick E. Malloy III, Goodrich's Chairman of the Board, commented, "We are extremely pleased to have Steve joining our Board. We believe Steve's experience, expertise and knowledge of our industry will be of great benefit to Goodrich Petroleum, its Board and our fellow shareholders."
 

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