Goodrich Petroleum Corporation Declares Preferred Dividend

The board of directors of Goodrich Petroleum Corporation (NYSE: GDP) has declared a regular quarterly cash dividend of $0.20 per share on its Series A Convertible Preferred Stock. The dividend will be paid March 31, 2005 to stockholders of record as of March 17, 2005. The preferred stock is listed on the NASDAQ Small Cap Market under the symbol GDPAP.

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.