Callaghan Resigns From Goodrich Petroleum Board

Jun 26, 2008 (financialwire.net via COMTEX) -- GDP | Quote | Chart | News | PowerRating -- June 26, 2008 (FinancialWire) John T. Callaghan has resigned from the board of Goodrich Petroleum Corp. (NYSE: GDP | Quote | Chart | News | PowerRating) (Current Market Cap: US$2.34 Bil.) He has served as GDP director since June 2003.

As a result of the recent appointment of Ernst & Young as auditors of the company, Callaghan no longer qualified as an independent director under New York Stock Exchange rules due to family relationships with persons associated with that firm.

Houston-based Goodrich Petroleum is an independent oil and gas exploration and production company. The majority of its properties are in Louisiana and Texas.

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