09.13.20 11:53 PM EDT

News Release

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FORT WORTH, Texas, Jan 15, 2010 (GlobeNewswire via COMTEX) -- Approach Resources Inc. (Nasdaq:AREX) today announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission.

Upon effectiveness, the Company may, from time to time, offer and sell under the registration statement up to an aggregate of $150 million of common stock, preferred stock, depositary shares, warrants, rights, units and debt securities. The specific terms of any future offering will be established at the time of the offering. Any offering of securities covered by the registration statement will be made only by means of a written prospectus and prospectus supplement. A copy of the prospectus may be obtained from the Company at One Ridgmar Centre, 6500 West Freeway, Suite 800, Fort Worth, Texas 76116.

The Company has no immediate plans to issue any securities. Proceeds from the sale of any securities will be used for the purposes described in the prospectus or prospectus supplement filed at the time of offering. In particular, proceeds from the sale of any securities will be used for general corporate purposes, which may include repayment or refinancing of borrowings, working capital, capital expenditures, investments and acquisitions.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is not an offer to sell or the solicitation of an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

About Approach Resources Inc.

Approach Resources Inc. is an independent energy company engaged in the exploration, development, production and acquisition of natural gas and oil properties in the United States. The Company operates in Texas, Kentucky and New Mexico and has non-operated interests in British Columbia. For more information about the Company, please visit Please note that the Company routinely posts important information about the Company under the Investor Relations section of its website.

The Approach Resources Inc. logo is available at

This news release was distributed by GlobeNewswire,

SOURCE: Approach Resources Inc.

CONTACT:  Approach Resources Inc.
Megan P. Brown, Investor Relations and
Corporate Communications
(817) 989-9000

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Contact Us
  • Approach Resources Inc.
    One Ridgmar Centre
    6500 West Freeway, Ste 800
    Fort Worth, Texas 76116USA
  • Workp 1 (817) 989-9000
  • Faxf 1 (817) 989-9001