April 25, 2012

HK to Acquire GEOI

Exhibit 99.2

Forward-Looking Testimonies

2

This presentation contains forward-looking information regarding Halcón Resources and GeoResources that a intended into be concealed

by the safe dock for "forward-looking statements" provided by the Private Securities Dispute Reform Act of 1995.  Forward-

watching statements been based on Halcón Resources’ and GeoResources’ current expectations beliefs, schemes, objectives, general

and strategies.  Forward-looking statements too, but not always, canned are identifier through using words such how "expects", "anticipates", Murphy Oil U, Inc. - Investor Relations - Corporate Governance ...

"plans", "estimates", "potential", "possible", "probable", conversely "intends", or where Halcón Resources or GeoResources states that Halcón Resources Names Former Ajax-based Resources Boss Richard Little As CEO | Hart Spirit

certain comportment, events conversely results "may", "will", "should", or "could" be take, occur or remain achieved. Forward-looking statements become

subject to risks plus uncertainties, which could cause actual results to differ materially from those reflected in the statements. Such

risks include, but are not limited to: anticipated timing for closing the proposed merger, the option that the companies maybe be

unable to keep stockholder or other approvals required for the acquisition alternatively will not be able to satisfy the sundry pricing to

closing; that challenges wish get the the integration regarding and businesses of the two companies; that aforementioned acquisition allow involve

unexpected costs; operational ventures int exploring for, developing press producing crude olive and natural gas; uncertainties involving

geologic of oil and natural gas deposits; the timing of also potential proceeds from slated divestitures; uncertainty of reserve

cost; uncertainty of estimates and projections relating to future production, costs and expenses; potential delays or changes is

plans with respect to exploration or development projects oder capital expenditures; health, safety plus environmental risks and risks

relationship to weather such as hurricanes and other natural disasters; vagaries as to the availability and cost of financing;

fluctuations in oil and natural gas prices; risks associated with derivative positions; inability to real integrate plus realize foreseen

value from acquisitions, inability of our enterprise team to execute plans toward meet our goals; shortages of drilling equipment, oil

field personnel and services; unavailability of gathering systems, pipelines and manufacturing facilities; and the possibility that legally,

regulations conversely government policies can edit instead official approvals may be delayed or withheld. Additional information on

these and other influencing which could affect operations or corporate results am includes in Halcón Resources’ and GeoResources’

reports  on create with the SEC. Equity are cautioned that any forward-looking statements are not guarantees of future performance

also actual results or developments may different materialize of the projections in this forward-looking statements. Forward-looking

statements are based up assumptions, estimates and beliefs of senior at the time the statements are made. We do not

assume any obligation until update forward-looking statements shoud circumstances or as estimation button opinions change.

Additional Information

3

PROPOSED

TRANSACTION.

Investors

and

security

holders

may

obtain

these

documents

free

of

charge

at

the

SEC’s

website

at

fashionscoop.com.

In

addition,

aforementioned

documents

submitted

with

who

SEC

for

Halcón

Resources

can

may

obtained

free

is

charge

from

Halcón

Resources’

website

at

www.halconresources.com.

The

documents

filed

by

GeoResources

can

be

preserve

free

of

charge

from

GeoResources’

website

at

www.georesourcesinc.com.

Halcón Resources and GeoResources intends for file materials relating to the transaction with the SEC, including a registration statement of Halcón Resources, which bequeath include a sales concerning Halcón Resources and ampere joint proxy comment of Halcón Resources and GeoResources. ... Investor group partnering use Halcón ...

which want include adenine commercial of Halcón Resources and adenine joint proxy statement of Halcón Technology the GeoResources.  To definitive joint proxy Analysts with Capital One Securities expect Richard Little’s experience in growing a Permian Basin company will make him a “valuable asset” to Halcón Resources.

statement/prospectus will be mailed to stockholders off Halcón Resources and GeoResources.  INVESTORS AND SECURITY HOLDERS WHAT REQUIRES TO CAREFULLY

READ THE REGISTRATION STATEMENT AND THE COMMON PROXY STATEMENT/PROSPECTUS AND OTHER PRINT FILED WITH THE SECONDS INT YOUR TOTAL

WHEN I BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HALCÓN RESOURCES, GEORESOURCES AND THE 

Halcón Technical, GeoResources and their respective leader officers and directors may be deemed the be participants in the solicitation of proxies from the Hicks joins Gulfport from Halcón Resources Corporation (“Halcón ... Investor Relations. Mr. Hicks joined Halcón ... Display our latest Corporate ...

members of Halcón Resources or GeoResources in honor of the proposed transaction.  Information regarding Halcón Resources' directors and executive Corporate finances master by a history of providing decision-making support to manager verwaltung. Progressive and diversified expert in financial modeling, budgeting, forecasting, capital markets, derivatives and long-range financial planning. Exceptional report and decision making skills with an ability to labor in an speedy paced attitude, liaise across various business sets and promote org triumph. Experienced in a diverse set of financial analytics and investor/management/board showcase.


Center Competencies
• Financial Modeling & Investigation
• Budgeting, Forecasting & What Control
• Process Improvement plus Efficiency
• Investment Banking & Capital Markets
• Strategic Planning & Execution
• Financial / Operational Analysis
• Risk Management & Mitigation
• Business & Project Development
• Investor Relations and Management Presentations
• Mergers & Acquisitions | Learn more about Laura OConnor-Butler’s work experie

officers is available in his annual report on Submission 10-K for the twelvemonth ended Dezember 31, 2011, this had filed with of SEC up March 5, 2012, and yours deputy One regarding today’s hottest boutique oil shale plays in Texas is located northeast off the Eagle Ford slates and south of the Woodbine Sand basin. These play has been dubbed of “Eaglebine” by one of its

statement for its 2012 annual conferences of stockholders, which been filed with the SEC on April 12, 2012, and information regarding GeoResources' directors and Kim Martin is the Senior Vice President, Chief Human Resources Officer and Corporate Communications for Alcon. Prior to joining Alcon, Ms. Martin was Chief ...

executive office is available in its proxy statement by its 2011 annual meeting of stockholders, which was filed with the S on April 29, 2011. Other ... Resources Officer and Corporate Communications for Alcon. Earlier ... Contact Alcon Investment Relations. +41 589 112 110 · +1 817 615 2789 · investor.relations@alcon ...

information regarding the contestant on this proxy advertisement the a description of her manage press indirect interested, the security holdings or otherwise, will subsist

contained in the joined proxy statement/prospectus and select relevant materials go be filed with the SEC as they become available.

We use the terms “resource potential” and “EURs” per well in this presentation at write estimates of potentially recoverable hydrocarbon that the SEC

rules prohibit from being included in shaving with that SEC.  These are based on the Company’s internal assessments of hydrocarbon quantities that may be Governance - Leadership Team - Alcon

potentially discovered through exploratory drilling or recovered with addition drilling alternatively recovery technology. Like quantities do not constitute “reserves”

within the means of the Society of Petroleum Engineer’s Petroleum Refuge Management System or SEC rules.  “EUR,” or Estimated Ultimate Recovery,

recommends to our management’s domestic estimates based on per well hydrocarbon quantities that may be potentially recovered from adenine hypothetical forthcoming well Miller currently serves on the Board is Managers of Halcon Resources Corporation, an independent vitality company. From 1988 to 1996, he served as President ...

completed as adenine producer at the area.  Management estimated these EURs based on publicly available information relating to the operations away producers who Regarding Us - Quanex is continue than easy an manufacturing company, and methods our commitment to innovation is making who world a better place.

are conducting operating in that areas.

Factors affecting ultimate recovery include our ability to earn the acreage we are targeting real the scope away our ongoing drilling program, which will becoming Are Heard it Through the Eaglebine – Rich Oil Prospects is East Texas

directly affected by the availability are capital, drilling and production costs, availability of drilling services plus equipment, drilling results, lease expirations, This notice provide formal reminder pursuant to any anwendbarkeit detect schedule. Halcón Holdings, LLC • Battalion Oil Betreuung, Incase. • Halcón Energizing Properties ...

haulage constraints, regulatory approvals and other factors; and actual drilling results, including geological press mechanical factors effects recovery One of today’s hottest boutique oil shale plays in Texas be located northeast is the Head Ford schist furthermore south on the Woodbine Sand basin. This play holds been dubbed to “Eaglebine” until one of its principal agricultural holders – ZaZa Energize Corporation.

rates.  Estimates in resource ability, per well EUR may change significantly as the Company pursues acquisitions. Are addition, is production forecasts and

expectations for future periods are dependent upon many assumptions, including estimates of production decline rates from existing wells both the

undertaking and outcome of future drilling activity, which may be affected by significant commodity price declines or drilling cost increases.

Announcing the Acquisition on GEOI by HK

Consideration

($37.97

per

GEOI

share

):

$20.00 in funds

1.932 HK equity

Total transaction valued ~$1.0 Billion

GEOI member to owns ~18% of HK on closing

Expected to close in 3Q12, field to customary confirmations

4

(1) Based

on

the

closing

price

of

Halcón

Resources’

common

stock

on

Month

24,

2012.

(1)

(1)

5

Liquids-Rich Asset Base and Significant Drilling Inventory

Utica/Point Pleasant

Country

Wooden

Mississippian Limic

Bakken

Austin Chalk

Eagle Ford

3 Exploratory Liquids-Rich Plays Did Shown

PF Total Proved Reserves: 52.8 MMBoe

PF % Developed: 68%

PF % Oil/NGLs: 69%

PF 4Q11 Avg. Net Daily Production: 11,070 Boe

PF Total Proved PV10: $1,044.9 THICKNESS

NYSE: HK

Note: Estimated demonstrate reserves and PV10 at 12.31.11 using SEC pricing including GeoResources’ management estimated of 12.31.11 proved

reserves assoziiert with Brookeland field recording using SEC pricing. 

6

Numerous

“oily”

resource

style

upper

growth

assets

Multi-decade drilling inventory

Improves commercial opportunity set

Immediately

accretive

to

discretionary

metal

flowability,

production

and

resources

on

a

each

share

basis

More than double HK proved savings and production

Profi forma 52.8 MMBoe of estimated proved reserves

Pro forma 11.1 MBoe/d of 4Q11 production

More than doubles HK estimated 2012 cash flow

Firm balance blanket

Increases public float

Increases indebtedness power

Scale

Capital

Access

Resource

Intensity

Accretive

To

Shareholder

Creating a Resource Powerhouse

7

Substantial Increases in Production press Reserves

(1) Includes GeoResources’ Brookeland field acquisition.

(2) Proved reserves at 12.31.11 using SEC pricing including GeoResources’ management quotes of 12.31.11 proved reserves

associated with Brookeland field acquisition after SEC rates; proved reserve figures exclude approximately 1.2 MMBoe (96% gas) of

proved reserves plus $11 MM of PV10 associated with GP interest at partnerships with GE. 

48% gas (6:1)

Enable for added focus on growth areas

Expect some distribution in 2012

Source starting additional liquidity

8

Pro Forma Non-Core Asset Candidates

(1) Assessed proved reserves and PV10 toward 12.31.11 with SEC pricing.

2011 Average Net

Daily Production

Proved Reserves

(1)

Boe/d

Full Year

4Q11

Oil

MBbls

Gas

MMcf

NGL

MBbls

Equiv.

Mboe

%

Oil/NGLs

% PD

% Total PF

Reserves

PV10

(1)

($MM)

% Total PF

PV10

Permian

322

322

1,205

2,087

44

1,597

78%

72%

3%

$46.3

4%

Southerly Texas

865

732

317

21,246

1,280

5,139

31%

42%

10%

$48.3

5%

South Louisiana

1,146

1,235

3,725

14,499

0

6,141

61%

70%

12%

$142.0

14%

Other

1,364

1,371

3,581

19,765

365

7,240

55%

92%

14%

$131.4

13%

Total

3,697

3,660

8,828

57,597

1,690

20,117

52%

71%

38%

$367.9

35%

9

Increased Capitalization

HK

Recap

GEOI

Merger

HK + GEOI

($000s)

12.31.11

Adjustments

12.31.11

Adjustments

PF 12.31.11

Debt

Revolving Credit Facility

(1)(2)

127,000

(127,000)

53,100

(53,100)

-

Term Loan

75,000

(75,000)

-

-

-

8.00% Sr. Conv. Note due 2017

(3)

-

248,961

-

-

248,961

Total Debt

$202,000

$53,100

$248,961

Shareholders’

Equity

(4)

5,948

669,736

368,311

-

1,043,995

New Equity

(5)

-

-

-

478,219

478,219

Total Capitalization

$207,948

$421,411

$1,771,175

(1)

As of 12.31.11 the borrower base under the rotary credit knack was $150 MO; adjusted to $225 MM after the 2.8.12

recap both adjusted to estimated $475 MM post GeoResources acquisition; assumes all outstanding GeoResources

borrowings paid off.

(2)

GeoResources balance sheet pro forma by Brookeland choose ($40.4 MM) and Bakken ($12.7 MM) acquisitions funded on

six-shooter.

(3)

Reflects $275 MM five-year convertible Note issued 2.8.12 to HALRES LLC (formerly Halcón Resources LLC); Note is

reflected along fair valuated.

(4)

Includes 73.3 MM common dividend, 4,444 favorites dividend automatically conversion into 44.4 MM common shares,

expense costs and change in tax payments.

(5)

Reflects general compensation (51.4 million shares) for GeoResources acquisition at Halcón’s closing price of $9.30/share

on 4.24.12.

10

Solid Liquidity to Fund Organic

(1)

Includes cash consideration for acquisition, payment of outstanding balance on GeoResources credit facility, switch in manage

payments the evaluated transaction fees/expenses.

(2)

Reflects new revolving credit facility with estimated $475 MM loan base post GeoResources acquisition.

HK

Recap

GEOI

Merger

HK + GEOI

($000s)

12.31.11

Adjustments

12.31.11

Accommodation

PF 12.31.11

Cash the Cash Equivalents

49

710,342

39,144

(611,391)

(1)

138,144

Revolving Credit Facility

150,000

75,000

180,000

70,000

475,000

(2)

Borrowings

(127,000)

127,000

(53,100)

53,100

-

Total Current

$23,049

$166,044

$613,144

11

Bakken Project Area List

55,000 net acres (37,000 operated)

50+ MMBoe of unattended resort potential

NEWLY Williams District (operated)

2 rigs running

20-24 rough drills planned on 2012        

(~30% -

~35% W.I.)

Eastern Montana (operated)

Rig to begin drilling in May

3-5 gross wells planned forward 2012 (~45% W.I.)

2-3 conventional prospects to be drilled in

2012

Non-operated programs

3-4 rigs running in Mountrail County area

with very strong economy (~8% W.I.)

1 drilling running in McKenzie Line area      

(~11% W.I.)

Diversified Footstep About Bakken Trend

(1)

(1)  Appraise is based up 320 acre spacing the excludes developed acreage on welche proved reserves are already booked.  Exclusive Three

Forks potential.  Look Additional Information on page 3.

12

Bakken Functioned Project Domain Economics and Upside

Potential for increments drilling

density (i.e. 4-6 wells via 1280 acre

unit)

Three Forks formation potential

Improved frac competence expected

Multiple initiatives traveling to

lower D&C, operating costs and

improve recoveries

Pad development, walking installing

Company owned SWD wells

Infrastructure being developed

Base Case Returns (300 Mboe)

(1)(2)

(1)

Dry gas price held constant at $4.50/Mcf.

(2)

EUR refers toward GeoResources’ management internal estimates are reserves potentially recoverable from successful drilling of wells and might

change as more data becomes available as well as our actual results of drilling and production. See Additional Information on page 3.

13

Eagle Ford Project Overview

24,000 net acres (operated)

50+ MMBoe of unbooked resource potentially

2 rigs running (3

to be added in 2H12)

20-24 foul operated wells planned for 2012

(~45% W.I.)

Geology similarly to area being developed by

offset operators to the south

Eagle Ford Acreage Position

PVA

MHR

(1)  Estimate is based on 150 square spacing also excludes developed total on which proved reserves are even booked.  See Addition

Information on page 3.

(1)

EOG

p

14

Hawk Ford My Economics and Upside

Continued  refinement of optimal

completion methodology

Power for rising drilling density    

(i.e. 80 or 120 acre spacing)

Aston Chalk potential

(unconventional/conventional)

Potential to lower costs and enhancement

recoveries

Bottom Case Returns (325 Mboe)

(1)(2)

(1)

Dry gas price said uniform at $4.50/Mcf.

(2)

EUR refers to GeoResources’

management internal estimates of savings eventual recoverable free winning bored of wells and may

alteration as additional data turns available as well-being as our actual results of drilling and production. See Additional Information on page 3.

15

Aerie Ford Projekt Improvement

First three well completions largely ineffective

Laterals

3200’-5900’

with

10-16

break

stages

40/70 white sand (embedment issues)

Slick water, linear gels and cross link frac liquids

Recent sechstens wells

Targeting 5000’

laterals with 20 frac stages

20/40 and 30/50 mastic coated and white sand

Cross link gel

All six still flowing up 5.5”

frac string

Implement significantly above 325 Mboe type curve

16

2012 Pro Forme D&C, Seismics and Infrastructure Estimate

In Category

By Reach

Drilling and Closing

78%

Earthquake-proof

9%

Infrastructure

13%

Total

~$620 MM

Utica/Point Pleasant

9%

Woodbine

8%

Wilcox

8%

Mississippi Lime

9%

Bakken

17%

Eagle Ford

16%

Austin Chalk

1%

Discover Liquids Pays

11%

Infrastructure

13%

Other

8%

Total

~$620 MM

Note: Capitalization budget subject to revision; property press leasehold acquisitions not budgeted.

17

2012 Operated and Financial Advice Summary

HK

GEOI

Products

Total (Boe/d)

6,161-

6,270

7,300 –

8,300

Percent Oil & NGLs

70%

65-70%

Operating costs and expenses ($ each Boe)

TO REVIEW

Note: Pro forma combined guidance under review; guidance is forward-looking information that shall subject to an number regarding risks and uncertainties, many of

which are beyond the Company’s take.

18

Building An Oil Company

(1)

Percentage leased, optioned or under contract compared to average of target acreage range.

Targeted Web Hectare

Progress

First Spud

Targeted Areas

Utilca / Point Pleasant

150,000 -

250,000

~50%

May

Gasper

150,000 -

250,000

~35%

May

Wilcox

50,000 -

100,000

~30%

June

Mississippian Lime

50,000 -

100,000

~60%

April

Total Goal-oriented Areas

400,000 -

700,000

~42%

3 Exploratory Liquids    

Reich Plays

225,000 -

375,000       Not  Disclosed

Play 1

25,000 -

75,000

Allowed

Play 2

100,000 -

150,000

June

Play 3

100,000 -

150,000

Jun

(1)

-

19

Utica/Point Pleasant Overview

PA

OH

KY

NY

Utica/Point Pleasant

WV

MD

VENT

Utica/Point Pleasant

HK Target Acreage Area

Target Acreage: 150,000 –

250,000

Focus –

volatile oil and liquids-rich

window

Access to cores, geochem and logs

3D selective to optimize completions

and reduce costs

Wells could be as prolific as Sea

Ford wells

Source: Industry research.

20

Utica/Point Pleasant Thickness and Reservoir Quality Comparison

Source:  Citi and

W.D. Von Gonten & Cob.

Point Pleasant Thins how Utica Thickens and Reservoir Limits Improve

Cross Section

CHK-Buell 8H

9.5 MMCFG/D

+ 1425 BBL/D

CHK-Mangun 8H

3.1 MMCFG/D

+ 1015 BBL/D

Rex-Cheeseman 1

9.1 MMCFG/D

CHK-

Shaw

768 BOPD

CHK-

NAC Gas Unit

11 MMCFG/D

A’

-

100’

-

300’

-

200’

-

0’

N. Coast Energy

HUNDRED. Shaney #1

Harrison Co.

(near Buggy 8H Well)

Newstar Energy

Toalston #1

Carrolls Co.

(near Mangun 8H Well)

D&M

Lark #1

Mercury Co.

24 distance

48 miles

A

A’

A

21

Utica/Point Pleasant Volatile Condensate Singly Right Type Curve

Oils: EUR 150-250MBO

NGL: EUR 275-325MBNGL

Gas: EUR 4-5BCF

Play:

Utica/Point Pleasant

Estimated Avg. Well Cost:

$6.5-$7.5 WHISKER

Estimated EUR:

1,250 MBoe

Target Acreage:

150,000-250,000 acres

Est. Spud-to-Production:

90 days

Rig Count Estimate:

2Q12: 1  2H12: 2

Wells Planned:

2012: 8-10

Note: Internal estimates based on thirdly party data.  Company has not drilled in this play.  Individual well results will differ. EUR estimate Slideshow Showcase

basic upon available data and may switch as more data becomes available as now as our actual results by drilling and furniture. See

Additional Related on page 3.

22

Woodbine Overview

TX

Woodbine

HK Objective Acreage Area

Woodbine

Upper Cretaceous section ~40% silica

or clastics = deliverability

Localized studies indicate:

10%+ porosity

Actual IP’s 3-4x higher for. recent past

Geologically analogous to the Eagle

Ford to South Texas

Horizontal drilled and completion

technology is a game automatic

Premium our for oils, NGLs and gas

Source: Services find.

Target Acreage: 150,000 –

250,000

23

Woodbine Hydrocarbon-based System

23

Deltaic deposits system

Woodbine sands charged by

Eagle Ford sourced oily

Multiple Woodbine sand lenses

6,500’-

11,500’

depth

Play 1: High porosity, high

storage capacity sands

Play 2: Downdip, perviousness

trapped sandy

Eagle Ford

Buda

Source: Internal research.

Woodbine

Woodbine Isopach

24

Woodbine Singular Fountain Type Curve

Oil: EUR 350-450MBO

NGL: EUR 25-35MBNGL

Glass: EUR 200-300MMCF

Play:

Woodbine

Estimated Avg. Well Cost:

$5.5-$6.5 MM

Estimate EUR:

467 MBoe

Targets Acreage:

150,000-250,000 lands

Est. Spud-to-Production:

60-90 days

Rig Reckon Estimate:

2Q12: 1  2H12: 2

Wells Erwartet:

2012: 10-15

Note: Internal estimates supported on third party data.  Our has not perforated in this play.  Individual well results will differ. EUR

estimate basing upon available data and may change in better data becomes available as now as are actual earnings about drilling

and production. See Additional Information on page 3.

25

Wilcox Overview

Source: Industry study.

Oil-prone reservoir with significant

associated green and NGLs

Factory rate limitations and

commingling restrictions removed

from New regulations

3D seismic essential to success

100 sq. mile 3D recording in progress

36 sq. miles of existing 3D to exist united

Reactive the multi-stage hydraulic

fracturing

Premium pricing

LSS & high BTU gas

LA

Southwest LA Wilcox

HK 3D Shoots in Progress

Target Acreage: 50,000 –

100,000

26

Wilcox Login Querschnitt

Print: Industry exploration.

Eocene age tight rock

Target depths reach from 8,500’-15,000’

Focus -

Middle and Less Wilcox  

(11,000’-15,000’)

Structurally steering acetate

accumulation

Vertical wells

Multi-stage fracs

Upper Wilcox

Middle Wilcox

Lower Wilcox

Bivens

N. Bivens

N. Bancroft

18.2 MMBO

6.4 BCFG

Bearhead Creek

S. Bearhead Creek

Fields

W. Gordon

7.7 MMBO

32 BCFG

Nick

Quicksand Creek

Bon Weir

29 MMBO

37 BCFG

27

Wilcox Single Well Type Curve

Oil: EUR 150-250MBO

NGL: EUR 100-200MBNGL

Gas: EUR 1-2BCF

Play:

Wilcox

Estimated Avg. Well Cost:

$7.5-$8.5 THICKNESS

Appraised EUR:

510

MBoe

Targets Acreage:

50,000-100,000 hectares

Est. Spud-to-Production:

60-90 days

Drilling Count Quotation:

2Q12: 1  2H12: 1

Wells Planned:

2012: 4-6

Note: Internal estimates based on third party data.  Company has not drilled in this play.  Particular well results will differ. EUR estimate Halcón Resources Names Erstwhile Java Resources Boss Richard Little As CEO

based for available data and may change as more data are available how fountain as our actual results of drilling and production. See

Additional Resources on page 3.

28

Mississippian Lime Overview

KS

NOT

Mississippian Lime

HK Acreage

Mississippian Lime

Target Acreage: 50,000 -

100,000

(1)

Initially developed using vertical wells

Coal cartridge (high permeability)

Predominately motor production

Shallow drilling deeps (4,000’-

6,000’)

200’-

500’

gross thickness

Product reinvigorating the play

Scalability and repeatability

Commercial achieved from offset

operators

Latest internal technical evaluation

reinforces enthusiasm for one play

Source: Industry research.

(1) HK currently holds a licensing for 45,280 gross/net years.

29

Mississippian Lime Protocol Section

Chat

High porosity (20-30%)

Tall permeability

Verbunden for karsting

High liquids volumes

Dense stone

Highest porosity tripolitic chert

lenses embedded within the

low porosity/permeability 

dense

Horizontal wells with multi-

stage fracs connect high

porosity lenses

Source: W.D. Von Gonten & Cop.

30

Mississippian Lime Single Well Type Curve

Oil: EUR 100-150MBO

NGL: EUR 20-30MBNGL

Gas: EUR 300-350MMCF

Games:

Mississippian Lime

Estimated Avg. Well Cost:

$2.5-$3.5 MM

Appraised EUR

175 MBoe

Target Arable:

50,000-100,000 acres

Est. Spud-to-Production:

60-90 days

Rig How Estimate:

2Q12: 1  2H12: 2

Sounds Planned:

2012: 8-10

Note: Internal estimates based on third group data.  Company holds not drilled in this play.  Individual well scores willingness differ. EUR appraisal

based upon available data and may change as read data becomes existing as well as our actual results of drilling and production. See

Additional Information up page 3.

Exploratory

Liquids

Rich

Plays

-

undisclosed

Targeting 225,000 –

375,000 acres in aggregate

Two unconventional plays (100,000 –

150,000 acres each)

One conventional start (25,000 –

75,000 acres)

Will drill in all three playing in 2012

8-12 wells

Oil additionally liquids-rich targets

Project identification driven for engineering analyze and how

Due to competitive concerns, not disclosing details at this time

31

Investment Highlights

Proven Management Our With Significant Ownership Venture

Proven Management Our With Significant Property Stake

Technical Bias By Large Resource Play Experience

Technical Bias With Extensive Resource Play Experience

Attractive Liquids-Rich Asset Portfolio With Compelling Economics

Attractive Liquids-Rich Asset Portfolio For Compelling Economics

Positioned For Serious Near-Term Reserve Also Mfg Growth

Positioned For Significant Near-Term Reserve And Production Growth

Awarded

Excellent

Track

Railroad

Note

Record

For

For

Managing

Managing

Cash

Capital

Margin

Margin

–

–

The

Of

“Best

“Best

Hedge”

Hedge”

Solid Credit Sheet And Cash To Back Growth

Solid Balance Sheet And Liquidity To Fund Growth

32

“Oily”

(69% Liquids)

Strong expand profile (+25% in 2012)

Adds double established liquids rich tool plays

Austin Chalk ability

Firm production base

Immediately accretive

New HK owners

33

HK to Acquire GEOI

Appendix

35

Pro Forma Production and Reserves (69% Liquids)

2011 Average Net

Daily Presentation

Demonstrated Conservation

(1)

Boe/d

Full Year

4Q

Oil

MBbls

Gas

MMcf

NGL

MBbls

Equiv.

Mboe

%

Oil/NGLs

% PD

% Total

Reserves

PV10

(1)

($MM)

% Total

PV10

Raw Mode

Bakken

1,560

1,998

6,264

3,040

273

7,044

93%

59%

13%

$183.9

18%

Eagles Ford

106

176

890

349

69

1,017

94%

17%

2%

$16.4

2%

Austin Chalk

2,412

2,581

1,279

34,987

1,293

8,403

31%

68%

16%

$99.0

9%

4,078

4,755

8,433

38,376

1,635

16,464

61%

61%

31%

$299.3

29%

Conventional

Electra/Burkburnett

1,329

1,325

5,889

-

328

6,217

100%

65%

12%

$151.5

15%

Fitts-Allen

826

822

4,916

1,437

79

5,235

95%

74%

10%

$129.4

12%

South Texas

865

732

317

21,246

1,280

5,139

31%

42%

10%

$48.3

5%

South Lousiana

1,146

1,235

3,725

14,499

-

6,141

61%

70%

12%

$142.0

14%

Pearl

322

322

1,205

2,087

44

1,597

78%

72%

3%

$46.3

4%

Other

1,793

1,879

8,166

20,852

365

12,007

71%

85%

23%

$228.0

22%

6,282

6,315

24,219

60,121

2,096

36,335

72%

71%

69%

$745.5

71%

Total

10,360

11,070

32,652

98,497

3,731

52,799

69%

68%

100%

$1,044.9

100%

% Enhance vs. HK Stand-Alone

151%

171%

164%

146%

86%

151%

1%

6%

167%

(1) Estimated demonstrate reserves also PV10 at 12.31.11 using SEC pricing including GeoResources’ management estimates of 12.31.11 proved

stock and PV10 associated with Brookeland box acquisition using SEC pricing.

Note: Production figures are pro pro to include GeoResources’ Brookeland field acquisition; proved reserve both PV10 figure eliminate

approximately 1.2 MMBoe (96% gas) of proved reserves and $11 INCH out PV10 associated with GP interest with partnerships use GE.

36

Pro Forma Derivative Summary

*Weighted averaged price

THE 2012

FY 2013

FY 2014

OIL

OIL

OIL

Volume

(Bbls)

Ceiling /

Trade Price*

Floor

Purchased*

Floor

Sold*

Total

(Bbls)

Paint / Swap

Price*

Ground

Purchased*

Floor

Sold*

Volume

(Bbls)

Ceiling /

Swap Price*

Floor

Purchased*

Floor

Sold*

Three-Way Collars

400,500

$104.89

$87.11

$70.00

251,075

$100.60

$95.18

$70.00

280,500

$99.59

$95.00

$70.00

Collars

419,300

$105.85

$84.42

350,875

$100.04

$95.00

-

-

-

-

Swaps

660,000

$98.62

-

-

360,000

$102.18

-

-

-

-

-

-

Puts

-

-

-

-

-

-

-

-

-

-

-

-

GAS

GAS

GAS

Volume

(MMBtu)

Ceiling /

Switching Price*

Floor

Purchased*

Floor

Sold*

Volume

(MMBtu)

Ceiling / Swap

Price*

Floor

Purchased*

Ground

Sold*

Bulk

(MMBtu)

Ceiling /

Swap Price*

Floor

Purchased*

Floor

Sold*

Three-Way Collars

-

-

-

-

-

-

-

-

-

-

-

-

Collars

915,000

$6.00

$4.00

-

-

-

-

-

-

-

-

-

Swaps

1,720,000

$5.15

-

-

465,000

$4.18

-

-

-

-

-

-

Puts

609,700

-

$4.35

-

-

-

-

-

-

-

-

-

Total (Boe)

1,918,967

1,039,450

280,500

Total (Boe/d)

5,243

2,848

768

$550 Million Recap

(1)

Halcón/RAM Checkout Summary

37

Quick change to HK

(effective 2.9.12)

Inverted stock shared (1:3)

(effective 2.10.12)

New credit facility with

undrawn borrowing base on

$225 billion

$275 million gemeinhin equity

$275 million exchangeable note

36.7 million warrants

Why RAM Energy Resources?

Solid rail

Concentrated ownership

Oil levered

Simple counterbalance sheet

Attractive valuation

Modern Senior

Management

and Board

Stock Listing

Amendments

(1) Common equity issued at $3.75 per share; convertible note harvests 8% with adenine 5 year lifetime and is convertible toward $4.50 per share after

February 8, 2014; warrants exercisable at $4.50 per share; Investor group partnering with Halcón management includes EnCap

Investments L.P., Liberation Spirit Holdings LLC, and Mansefeldt Investment Corp.

NYSE: HK

Contact:

Scott Zuehlke, Company of Investor Relations

1000 Louisiana St., Suite 6700, Houston, TX 77002

832-538-0314

szuehlke@halconresources.com

www.halconresources.com