GeoMet Announces Stockholder Authorization of Asset Sale

GeoMet Announces Stockholder Authorization of Asset Sale 
HOUSTON, TX -- (Marketwired) -- 05/06/14 --  GeoMet, Inc. (OTCQB:
GMET) (NASDAQ: GMETP) (the "Company") announced that, at the special
meeting of stockholders held on May 5, 2014 (the "Special Meeting"),
the necessary stockholder votes were received to authorize the sale
of substantially all of the Company's coalbed methane interests and
other assets located in the Appalachian Basin in McDowell, Harrison,
Wyoming, Raleigh, Barbour and Taylor Counties, West Virginia and
Buchanan County, Virginia (the "Asset Sale") to ARP Mountaineer
Productions, LLC, a Delaware limited liability company and a
wholly-owned subsidiary of Atlas Resource Partners, L.P., a Delaware
limited partnership (NYSE: ARP).  
The Asset Sale was authorized at the Special Meeting by the holders
of 94.9% of the outstanding shares of our Series A Convertible
Redeemable Preferred Stock (the "Preferred Stock) and by the holders
of 74.4% of the Preferred Stock (on an as-converted basis) voting
together with the holders of our common stock (the "Common Stock ")
as a single class. While a separate vote of the holders of the Common
Stock voting as a class was not required to authorize the Asset Sale,
51.1% of the holders of the Common Stock voted to authorize the
transaction.  
The Asset Sale is currently scheduled to close in May 2014, however,
the closing is subject to numerous conditions that are beyond our
control so there can be no assurance that closing will occur in May
2014 or at all. 
Forward-Looking Statements Notice
 This press release contains
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Except for statements of historical
facts, all statements included in the document, including those
preceded by, followed by or that otherwise include the words
"believe," "expects," "anticipates," "intends," "estimates,"
"projects," "target," "goal," "plans," "objective," "should" or
similar expressions or variations on such words are forward-looking
statements. These forward-looking statements are subject to certain
risks, trends and uncertainties that could cause actual results to
differ materially from those projected. Among those risks, trends and
uncertainties is the possibility that the Asset Sale is not completed
when expected or does not close at all. Careful consideration should
be given to cautionary statements made in the various reports the
Company has filed with the Securities Exchange Commission. The
Company undertakes no duty to update or revise these forward-looking
statements.  
For more information please contact 
Tony Oviedo
Senior Vice President, Chief Financial Officer, Chief Accounting Officer and 
Controller
(713) 287-2262
toviedo@geometcbm.com 
 
 
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