ex99-2.htm

Forward-Looking Statements

Ш This presentation contains forward-looking statements.

Ш Forward-looking statements are based on management
assumptions and analyses.

Ш Actual experience may differ and such differences may
be material.

Ш Backlog consists of written orders and estimates for our
  services which we believe to be firm. In many instances
  contracts are cancelable by customers so we may never
  realize some or all of our backlog, which may lead to
  lower than expected financial performance.

Ш Forward-looking statements are subject to uncertainties
and risks which are disclosed in Geokinetics’ Annual
Report on Form 10-K.

Market Data (at 5/14/2008)

• Exchange/Ticker: AMEX/GOK

• Market Capitalization: $211.8MM

• Enterprise Value $342.2MM*

Trading Data (at 5/14/2008)

• Common Shares Out. 10.3 MM

• Average Volume 32,514 shares/day

• Institutional Ownership 59%

Key Financial Data (at 3/31/2008)

• Cash $23.8MM

• Debt $92.0MM

• Debt to Total Cap 31.9%

* Debt, Preferred Equity and Cash as of 3/31/08

About Geokinetics

Ш A Global Geophysical Contractor for
Customer-Driven Seismic Services in
Tough Environments & Frontier Zones

Exploit

Seismic Data Acquisition and Processing

Needed at All Stages of the E&P Cycle

“With 3-D seismic, we can understand the detailed geology much
better than before. And that translates to opportunities to drill new
wells to bolster production in mature fields.”
- ExxonMobil, The Lamp (2007 - Number 4)

Ш Increase drilling success rates

Ш Reduce finding and development costs

E&P Project Cycle

Equipment Providers

Sercel (CGV); ION Geophysical; OYO Geospace; Mitcham; Bolt Technologies

Data Acquisition
(Contractors)

WesternGeco (Schlumberger); CGGVeritas;
Petroleum Geo-Services; BGP; Geokinetics;
Dawson; Tidelands; and many more

Data
Processing
and Interpretation

Seismic Industry Structure

Company	Data Acquisition				M-C Data Library	Data Proc & Interp	Eqpmt.	Seismic Crews
Company	Marine Streamer	Land	TZ	OBC	M-C Data Library	Data Proc & Interp	Eqpmt.	Intl	US
Geokinetics									
Dawson									
Tidelands									
PGS									
BGP								
CGGVeritas (Sercel)									
WesternGeco (Schlumberger)									
Mitcham							
ION Geophysical							
Bolt Technologies							
OYO Geospace							

Geophysical Market

Robust Industry Fundamentals

Ш Seismic crew activity has grown steadily in land and increased
rapidly in the marine streamer market in response to commodity
prices, but still lags increase in drilling rigs

Ш International plays (NOCs) are a key driver for seismic growth

– Pressure for continued growth in activity, even at lower
commodity prices

Ш Seismic crew count in the U.S. is still less than the lowest levels
in the 1990s when oil prices were near $20 per barrel

Ш Increasing demand for seabed seismic data acquisition
(Transition Zone, Ocean Bottom Cable and 4D)

Ш Oil companies reloading prospect inventories

– Resource plays are big drivers

– Technical advances drive activity and create barriers to entry

– Recent trend for more specialized crews and equipment

Ш Fundamentals are strong, but we are continually monitoring
for any trend toward overcapacity

Continue to

Leverage

Competitive Advantage

Grow Customer Base
& Expand into New
Markets

Strengthen
Complementary
Service Offerings

ШLeverage competitive advantage and expertise in
difficult land environments and offshore shallow water
zones to maximize profitability.

ШBetter assist customers with full range of seismic
services, from acquisition and processing to
interpretation and management.

ШPresence in 18 of 194 countries worldwide. Further
expand geographic presence and services offered.

Pursue Strategic
Acquisitions / Alliances
As Appropriate

ШContinue to monitor opportunities for prudent
expansion.

Capture New Market
Opportunities

ШLeverage operational expertise to pursue
opportunities in complementary markets such as OBC

Growth Strategy

Ш Purpose-built vessels designed for cost-
effective mobilization by air, land
or sea

– Up to 65’ in length,
ultra shallow draft vessels

– Fit into four 40’ containers

– Capable of operating
150 ft. water depth

Shallow Water - Transition Zones,
Lakes, Swamps and Offshore

Ш Launch of OBC operations using first Sercel SeaRay system

Ш Expands offshore capabilities to 500 ft. water depth

Ш Currently using on extensive OBC projects
on Australia’s N. W. Shelf

Ш Expanding OBC capabilities near-term

– Enhancing operating efficiency

– Expanding operations

– Second SeaRay system on order

– Capture additional OBC projects

Ocean Bottom Cable (OBC) -
Capitalizing on Opportunities

Areas of Expertise and Opportunity

Ш Mountainous jungle environments

Ш High channel count crews

Ш State-of-the-art domestic operations

Ш Arctic environments

Ш Socially and/or environmentally sensitive areas

Land Operations

Processing & Interpretation
Capabilities

Ш Full suite of onshore and offshore proprietary seismic
data processing services and interpretation products

– Geophysical processing

– Interpretation / well log analysis (existing database)

– Software

– Consulting Services

Ш Advanced Technologies for processing new data
and reprocessing old data with new methods

– AVO, pre-stack time and depth imaging

– Multi-component and 4D

Ш Global Reach

– Offices in US and UK

– P&I services stretch to all regions of the globe

Ш Complements data acquisition services

– GROWTH OPPORTUNITY for follow on work;
currently less than 5%

Processing & Interpretation
Strategy

Ш Reorganization complete - benefits being realized

Ш Complement acquisition, both in onshore and in
offshore shallow water environments

Ш Enhance multi-component processing capabilities

Ш Enhance 4D processing techniques

Ш Improve profitability through direct awards

– Recent success with new clients

North American Operations -
Canada

Ш Operated five land crews during Canadian winter (1Q ‘08)

Ш Three ION Vectorseis crews, two Sercel 428/408 crews

Ш Leader in proprietary multi-component data acquisition

Ш Sercel equipment to move internationally for Summer

North American Operations -
United States

Ш Operate up to 8 land crews all year

Ш ION RSR, Sercel 428 / 408 and Aram Aries

Ш Experience throughout U.S.

Ш Competitive advantage in TX & LA swamp/marsh regions

Ш Processing center in Houston, Texas

International Operations -
Latin America

Ш Operate up to 6 land crews all year

Ш Sercel 428 / 408 and Aram Aries

Ш Near-term operations in Bolivia, Brazil and Colombia

Ш Market leader in Colombia with 19 years
continuous presence

Ш 40 years experience in Brazil with continuous presence
since 2000

International Operations -
Eastern Hemisphere

Ш Operate up to 3 land crews, 3 transition zone crews and
1 OBC crew

Ш Sercel SeaRay, Aram Aries, Sercel 408

Ш Near-term operations in Australia, New Zealand,
Bangladesh, Egypt, Tanzania and Mozambique

Ш Market leader in transition zone

Ш Sole provider of Sercel SeaRay

Ш Processing center in London (Woking), England

YTD Financial Results

Ш 2006 Pro Forma Results

§ Grant had revenue of $104.2 million and Adjusted EBITDA of $14.8 million for
period ended 9/8/06

§ Implies full year 2006 revenue of $329.4 million and Adjusted EBITDA of $38.0 million

§ FY ’07 vs. FY ‘06 combined revenue growth of 9% and Adjusted EBITDA decline of 10%

1Q Revenues up 8% year-over-year; driven by Capital Investment Program

Comparative Actual Financial Results

($ thousands expect per share and operating data)

Pro Forma By Quarter

Ш Seasonality is prevalent in operations

– Results from a variety of factors including Canadian working season in 1Q and thaw in 2Q,
and the budgeting cycle of international companies

Ш 2Q07 impacted primarily by severe weather in the U.S. and a job being declared force majeure

Ш Quarterly volatility reflects varying crew profitability due to fluctuations in size, job, location,
utilization of crews and the timing of crew moves

Quarterly Pro Forma Revenue

Quarterly Pro Forma Adjusted EBITDA

($ in millions)

Note: Adjusted EBITDA reflects $727k of Grant’s Abandoned IPO expenses and $12.9 million of expenses related to the Grant Acquisition consisting primarily of investment advisor and professional
fees, payout under phantom stock plan and completion bonuses which are added back in 3Q06 as well as $3.2 million of one-time severance costs in 3Q07.

Investing for Growth

Ш Invested $95 million in 2007:

– New state-of-the-art equipment
(67% received in second half of year)

– Expanded recording capacity

– Entered OBC market

– Upgraded US crews

Ш 2008 capital expenditure budget
of $65 million*, $26 million invested in 1Q ‘08

Ш 118,000 channels at 3/31/08 vs. 94,000
channels at 3/31/07, a 20% increase

Ш Maintenance CAPEX averages 3% to 4%
of revenues

Ш Capital investment decisions are based
on an average expected payback of
less than three years EBITDA

*Subject to amendment to loan covenants

Sercel SeaRay

Near-Term Growth

Ш Quarterly record
  seismic data
  acquisition and data
  processing backlog
  of $417 million as of
  March 31, 2008

Ш Substantial amount of
  2008 covered by
  current backlog,
  remainder to be
  completed in 2009 and
  2010

311

283

321

381*

*Includes a $59 million job in Argentina which has been removed from current
backlog due to continued delays and uncertainty.

411*

Backlog Trend

2008 Value Drivers

Ш Reap benefit of US Crew Upgrades
Completed in 1Q ‘08

Ш Increased Recording Capacity
Driving Revenue Growth

Ш New Operations in Angola, Bolivia, Mozambique
and Tanzania

Ш Expand TZ / OBC Capacity

Ш Positive Earnings from Processing & Interpretation

Why Buy GOK?

Ш Record backlog provides visible growth through 2008
and into 2009

Ш Leader in high-value transition zone/OBC niche

Ш Improving data acquisition operating margins

Ш Integration of acquired companies substantially complete

Ш Recent investments of $121 MM in new revenue-generating
equipment and upgrades

Ш Solid domestic operations with strong
international upside

Ш First-mover advantage in large markets with
long-term visibility (Australia and Angola)