Goodrich Makes Discovery at Liston Prospect

Goodrich Petroleum Corporation has made a new discovery on its Liston prospect at West Delta 83 field in Plaquemines Parish, Louisiana. The Company has drilled and logged 44 feet of net pay in three separate zones in its Liston prospect at West Delta 83 field. The Goodrich Petroleum Company -- S.L. 2227 No. 1 well was drilled and logged to a total depth of 10876 feet and encountered pay in the 9600', 10100' and MF sands. The Company is currently completing the well in the MF sand, in which it owns an approximate 49% interest. The Company owns a 65% interest in the 9600' and 10100' sands.

This is the second well drilled in a multi-well drilling program scheduled for the Burrwood and West Delta 83 fields since the Company acquired 3-D seismic over the fields in late 2001. The first well drilled was the Company's Sullivan East prospect which was a discovery announced in August 2002.