HOUSTON, April 5, 2016/PRNewswire / -- Goodrich Petroleum Corporation (OTC Markets: GDPM) (the 'Company') reminds its stockholders to cast their votes or submit their proxy prior to or at its special meeting to be held on April 8, 2016to consider resolutions to (1) amend the Company's Restated Certificate of Incorporation to increase the number of authorized shares of Common Stock from 150 million to 400 million ('Proposal One'), (2) amend the Certificate of Designation of the Series B Preferred Stock to convert at the Company's option the Series B Preferred Stock into Common Stock at the conversion rate of 8.899 shares of Common Stock for each share of Series B Preferred Stock within 90 days of successful completion of the Series B Preferred Exchange Offer ('Proposal Two'), (3) amend the Certificate of Designation of the Series C Preferred Stock to convert at the Company's option the Series C Preferred Stock into Common Stock at the conversion rate of 4.449 shares of Common Stock for each share of Series C Preferred Stock within 90 days of successful completion of the Series C Preferred Exchange Offer ('Proposal Three'), (4) amend the Certificate of Designation of the Series D Preferred Stock to convert at the Company's option the Series D Preferred Stock into Common Stock at the conversion rate of 4.449 shares of Common Stock for each share of Series D Preferred Stock within 90 days of successful completion of the Series D Preferred Exchange Offer ('Proposal Four') and (5) amend the Certificate of Designation of the Series E Preferred Stock to convert at the Company's option the Series E Preferred Stock into Common Stock at the conversion rate of 5.188 shares of Common Stock for each share of Series E Preferred Stock within 90 days of successful completion of the Series E Exchange Offer ('Proposal Five' and, together with Proposal One, Proposal Two, Proposal Three and Proposal Four, the 'Proposals').

The special meeting of stockholders will be convened on April 8, 2016at the Company's corporate offices located at 801 Louisiana, Suite 700, Houston, Texas, 77002 at 11:00 a.m.local time. The record date for the meeting remains February 5, 2016. Stockholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action. The Company's common stock and preferred stock holders as of the February 5, 2016record date can vote, even if they have subsequently sold their shares, and the Company's board and management respectfully request all such holders as of the record date to please vote your proxies.

Valid proxies previously submitted by the Company's stockholders will continue to be valid for purposes of the special meeting. As more fully described in the Proxy Statement, the Company's stockholders are entitled to change their votes or revoke their proxies at any time prior to the vote being taken. Any stockholder who has executed a proxy but who is present at the continuation of the special meeting on April 8, 2016, and who wishes to vote in person on the Proposals may do so by revoking his or her proxy in writing at the continuation of the special meeting.

Voting Instructions

The Company's common stock and preferred stock holders as of the February 5, 2016record date can vote, even if they have subsequently sold their shares:

By Phone: Call toll-free 1-800-PROXIES (1-800-776-9437) in the United Statesor 1-718-921-8500 from foreign countries from any touch-tone telephone and follow the instructions. Have your proxy card available when you call.

By Internet: Go to www.voteproxy.com and follow the on-screen instructions or scan the QR code with your smartphone. Have your proxy card available when you access the web page.

By Mail: Sign, date and mail your proxy card in the envelope enclosed with the proxy.

THE COMPANY STRONGLY ADVISES ALL OF ITS SHAREHOLDERS TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS RELATING TO THE SPECIAL MEETING BECAUSE THEY CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS ARE AVAILABLE AT NO CHARGE ON THE SECURITIES AND EXCHANGE COMMISSION'S WEB SITE AT WWW.SEC.GOV. In addition, copies of the Proxy Statement and other documents may be obtained free of charge by directing a request to: Goodrich Petroleum Corporation, Attn: Corporate Secretary, 801 Louisiana, Suite 700, Houston, Texas77002, (713) 780-9494 or via our website at http://goodrichpetroleum.investorroom.com/events-and-presentations. Copies of the Proxy Statement also may be requested by contacting our proxy solicitor, Georgeson, Inc., at 888-643-8150 toll-free.

Goodrich Petroleum is an independent oil and gas exploration and production company listed on the OTC Markets.

SOURCE Goodrich Petroleum Corporation