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NYSE Amex: GOK - A World of Opportunities, Revealed

Forward-Looking Statements

u This presentation contains forward-looking statements.

u All forward-looking statements speak only as of the date of this presentation or,
in the case of any document incorporated by reference, the date of that
document. All subsequent written and oral forward-looking statements
attributable to the company or any person acting on the company’s behalf are
qualified by the cautionary statements in this section. The company does not
undertake any obligation to update or publicly release any revisions to forward-
looking statements to reflect events, circumstances or changes in expectations
after the date of this report.

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

u 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.

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

NYSE Amex: GOK - A World of Opportunities, Revealed

Corporate Information

Market Data (at 5/26/2009)

• Exchange/Ticker: NYSE Amex: GOK

• Market Capitalization: $104.3 MM

• Enterprise Value: $284.8 MM*

Trading Data (at 5/26/2009)

• Common Shares Out. 10.5 MM

• Avg. Volume (90 day) 35,590 shares/day

• Institutional Ownership 63%

Key Financial Data (at 3/31/2009)

• Cash $15.4MM**

• Debt $99.0MM

• Debt to Total Cap 30.0%

*Debt, Preferred Equity and Cash as of 3/31/09. **Includes $5.3 MM of restricted cash.
Institutional ownership as reported by Bigdough.

NYSE Amex: GOK - A World of Opportunities, Revealed

Industry Dynamics

Source: Barclays Capital - The Original E&P Spending Survey , December 18, 2008

International Exploration and Production Expenditures ($B)

NYSE Amex: GOK - A World of Opportunities, Revealed

Emerging OBC Market

u Launched OBC operations Q4 2007

u Sole operator of Sercel SeaRay (2 Systems)

u Offshore capabilities up to 500 ft. water depth

u Expanding OBC capabilities near-term

§ Enhancing operating efficiency

§ Expanding operations

§ One active crew with potential to split, one crew testing

NYSE Amex: GOK - A World of Opportunities, Revealed

The Value of Seismic Technology

“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)

Geokinetics OBC

Streamer

NYSE Amex: GOK - A World of Opportunities, Revealed

E&P Project Cycle

Exploit

Seismic Data Acquisition and Processing

Needed at All Stages of the E&P Cycle

¿ Increase drilling success rates

¿ Reduce finding and development costs

NYSE Amex: GOK - A World of Opportunities, Revealed

Global Seismic Crew Count

Data Source: IHS Energy.

u International markets grew to
78% of total market from
70%, driven by NOCs and
IOCs targeting primarily oil

u U.S. and Canadian markets
declined to 22% of total
market from 30%, due to
weak commodity prices

u U.S. E&P spending in 2009
expected to decline 26%,
international E&P expected to
decline only 6%
(Source: Barclays Capital - The Original E&P Spending
Survey 12/18/08)

u Global presence provides
ability to redeploy assets
to best markets

Region	Mar-2008	Mar-2009	Change
U.S.	74	70	-4
Canada	28	12	-16
U.S. & Canada	102	82	-20
Europe	21	35	+14
CIS	49	47	-2
Latin America	32	36	+4
Africa	60	73	+13
Middle East	23	34	+11
Far East	58	72	+14
Outside U.S. & Canada	243	297	+54
World Total	345	379	+34

NYSE Amex: GOK - A World of Opportunities, Revealed

Geophysical Market Overview

Company	Data Acquisition				M-C Data Library	Data Proc & Interp	Eqpmt.	Land 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							

NYSE Amex: GOK - A World of Opportunities, Revealed

2009 Business Strategy

Increase Profitability

Strengthen
Complementary
Service Offerings

¿ Leverage competitive advantage and expertise in
difficult land environments and offshore shallow
water zones to maximize profitability

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

¿ Redeploy assets to best markets

¿ Increase operational efficiencies

¿ Continually review and reduce overhead as required

Strengthen
Advantage in

Key Markets

¿ Concentrate assets in regions/countries where we are strongest

¿ Long-term work opportunities, fewer mobilizations

Continue to Leverage
Competitive Advantage

Maintain Liquidity and
Strong Balance Sheet

¿ Disciplined spending - reducing cap-ex by over 50% from 2008

¿ Maintain debt at 30% of book capital or less

NYSE Amex: GOK - A World of Opportunities, Revealed

Rising International Revenue

u Strong visibility for crew
utilization through 2009

u Concentrating crews in markets
offering long-term work
opportunities keeps them
working longer and improves
margins

u Several long-term international
jobs (9 months - 2 years),
however, also many smaller
jobs that can be consolidated to
minimize downtime

u Can mobilize crews to most
active markets worldwide to
maximize utilization

NYSE Amex: GOK - A World of Opportunities, Revealed

Processing & Interpretation
Capabilities

u 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

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

§ AVO, pre-stack time and depth imaging

§ Multi-component and 4D

u Global Reach

§ Offices in US and UK

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

u Complements data acquisition services

§ GROWTH OPPORTUNITY for follow on work to Company field crews;
currently less than 5%

NYSE Amex: GOK - A World of Opportunities, Revealed

Capitalization

	12/31/2007	12/31/2008	3/31/2009
Cash, equivalents and restricted cash (1)	$ 16,843	$23,262	$15,371
Long-term debt and capital leases (including current portion):
Credit facility	40,537	43,979	58,549
Other debt	39,375	46,967	40,406
Total debt	79,912	90,946	98,955
Debt as % capitalization	29.4%	28.8%	30.0%

Convertible preferred stock	60,926	94,862(2)	96,897(2)
Stockholders’ equity	130,965	129,680	134,073
Total capitalization	$271,803	$315,488	$329,925

(1) Includes $1.3 million, $9.9 million and $5.3 million of restricted cash at 12/31/07, 12/31/08 and 3/31/09, respectively.
(2) Completed the sale of 120,000 additional shares of convertible preferred stock and 240,000 warrants for gross proceeds of $30.0 million on July 28, 2008.

NYSE Amex: GOK - A World of Opportunities, Revealed

Debt Status & Strategy

u $70 million Revolving Credit Facility ($58.5M @ 3/31/09)

§ Financial Covenants:

• Net Worth greater than $175M ($231M @ 3/31/09)

• Fixed Charge Coverage > 1.10 (1.65 @ 3/31/09)

• Capital Expenditures limited to $50M for 2009

• Facility comes due May 2012

u CIT Capital Leases ($24.1M @ 3/31/09)

• Net Worth & Fixed Charge Covenant Mirroring Above

u Expect debt reduction in 2009 resulting from cash flow
from operations & lower capital expenditures

u 2009 Cap-Ex budget reduced by over 50% from 2008 to
$37.3 million

u Goal is to maintain at most 30% debt to capital with likely
reduction

NYSE Amex: GOK - A World of Opportunities, Revealed

Adjusted Revenue and
EBITDA Growth

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 2006 as well as $3.2 million of one-time severance costs
in 2007.

NYSE Amex: GOK - A World of Opportunities, Revealed

Quarterly Results

Note: Adjusted EBITDA excludes $3.2 million of one-time severance costs in 3Q07 related to CEO departure and restructuring of data processing segment.

Pro Forma Quarterly Revenue ($MM)

Pro Forma Adjusted EBITDA ($MM)

NYSE Amex: GOK - A World of Opportunities, Revealed

Backlog Trend

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

1. Includes backlog with NOC’s or partnerships including NOC’s

$412

$417

$411

$381

$321

$283

$509

$548

$416

NYSE Amex: GOK - A World of Opportunities, Revealed

Capital Investments

u 2007: Invested $95 million

§ Upgraded U.S. crews

§ Expanded recording capacity

§ Entered OBC market

u 2008: Invested $77 million

§ Focused on increasing international channel count
and seabed acquisition capacity

u 2009: Cap-Ex budget of $37 million,
$10 million spent YTD (Q1)

§ Primarily maintenance Cap-Ex

§ Remainder focused on increasing seabed acquisition
efficiency (new vessels & peripheral eqpmt.) and
supporting long-term international contracts

u Maintenance Cap-Ex has historically averaged 3%
to 4% of revenues

u Capital investment decisions historically based
on an average expected payback of
less than three years EBITDA

Sercel SeaRay

NYSE Amex: GOK - A World of Opportunities, Revealed

Comparative Valuation

GOK

Source: Bloomberg, as of March 17, 2009. Companies in comparison include GOK, TRMA, HLX, ALY, TTI, KEG, CPX, DWSN, WEL, IO, SPN,
SWSI, BAS, GLF, CBI, WG, CFW CN, GLBL, BJS, NGS, RES, TDW, BHI, OII, HAL, TCW CN, FWLT, SGR, SLB, CLB, CRR.