Goodrich Petroleum (GDP) announces a preliminary 2012 capex budget of $250M-275M, and estimates...

|About: Goodrich Petroleum Corpo... (GDPM)|By:, SA News Editor

Goodrich Petroleum (GDP) announces a preliminary 2012 capex budget of $250M-275M, and estimates oil volumes will grow 130-160% this year vs. 2011. EBITDAX (X for exploration) is expected to grow 45-65% to $255M-290M, factoring in the company's hedges, natgas at $3.25 and oil at $95. (PR)