GeoMet Declares Preferred Dividend

GeoMet Declares Preferred Dividend 
HOUSTON, TX -- (Marketwired) -- 06/05/13 --   GeoMet, Inc. (OTCQB:
GMET) (NASDAQ: GMETP) (the "Company") announced today that its Board
of Directors has declared a quarterly dividend to its preferred
stockholders covering the period April 1, 2013 through June 30, 2013
to be paid through the issuance of .03125 preferred share ("PIK
Preferred Shares") per outstanding share of preferred stock. The
dividend has been calculated at an annual rate of 12.5%. Should the
calculation of the dividend of PIK Preferred Shares to any preferred
stockholder result in a fractional share, the portion of the dividend
attributable to such fractional share will be paid in cash. The
aggregate amount of cash paid for all fractional shares will be
nominal. The dividend will be paid on July 1, 2013 to preferred
stockholders of record on June 18, 2013. In the aggregate, it is
estimated that approximately 171,000 preferred shares will be issued
in connection with this dividend. 
About GeoMet, Inc.
 GeoMet, Inc. is primarily engaged in the
exploration for and development and production of natural gas from
coal seams ("coalbed methane"). Our principal operations and
producing properties are located in the Cahaba and Black Warrior
Basins in Alabama and the Central Appalachian Basin in Virginia and
West Virginia. We also control additional coalbed methane and oil and
gas development rights, principally in Alabama, Virginia, and West
For more information please contact 
Stephen M. Smith 
(713) 287-2251
or visit our website at 
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