Goodrich Commences Production at Liston Prospect

Goodrich Petroleum reports that production commenced on October 25, 2002 from the initial well on its Liston prospect at West Delta 83 field in Plaquemines Parish, Louisiana.

The Goodrich Petroleum Company, S.L. 2227 No. 1 well is currently producing approximately 4,400 Mcf of gas and 200 barrels of oil (approximately 5,600 Mcfe) per day on a 10/64 inch choke with 4575 p.s.i. from the MF sand, the deepest of three productive sands in the well. The Company is the operator and owns an approximate 48% working interest in the MF sand. The Company owns a 65% working interest in the remaining two productive sands in the well.