8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Act of 1934

Date of Report (date of earliest event report):  August 21, 2007 (August 15, 2007)

GEOKINETICS INC.

(Exact name of registrant as specified in its charter)

Delaware	001-33460	94-1690082
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification Number)

One Riverway, Suite 2100

Houston, Texas 77056

(Address of principal executive offices)

(713) 850-7600

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 5.02Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On August 15, 2007, Geokinetics Inc., a Delaware corporation, (the “Company” or “Geokinetics”) entered into a termination agreement dated August 15, 2007 with David A. Johnson, its President and Chief Executive Officer, (the “Termination Agreement”). The following description is qualified by reference to the Termination Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.

Pursuant to the terms of the Termination Agreement, Mr. Johnson will receive a severance benefit in the amount of $1,400,000, payable over the two-year period beginning September 1, 2007 (in accordance with the terms of his Employment Agreement dated March 8, 2007). Mr. Johnson's health and other benefit programs will continue during this two-year period. In addition, all restrictions were lifted from the 50,000 shares of restricted stock granted to Mr. Johnson on March 8, 2007, and the vesting of the final one-third of an award of 25,000 non-qualified stock options granted on December 1, 2005, was accelerated. As required by his Employment Agreement, Mr. Johnson expressly agreed not to compete in the seismic service industry for a period of two years after termination of his employment and to execute the Company’s non-disclosure and confidentiality agreements with respect to Company proprietary or confidential information.  A copy of Mr. Johnson’s Employment Agreement was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated March 14, 2007.

Mr. Johnson also resigned as director of Geokinetics as of August 15, 2007. A copy of the resignation letter is attached to this Current Report on Form 8-K as Exhibit 17.1

On August 16, 2007, the Company issued a press release announcing the appointment of Richard F. Miles to the positions of President and Chief Executive Officer, effective August 15, 2007, and the resignation of David A. Johnson as President and Chief Executive Officer, effective immediately. Mr. Miles did not execute a new employment agreement and his employment agreement dated July 13, 2006, which has been previously filed, is still in effect. A copy of the press release is attached as Exhibit 99.1 hereto, the contents of which are furnished in its entirety.  Mr. Miles has served as the Chief Operating Officer of the Company since March 5, 2007.   He served as President - International Seismic Operations since the acquisition of Grant Geophysical, Inc. (“Grant”) by the Company on September 8, 2006.  Prior to joining the Company, Mr. Miles served as President and Chief Executive Officer of Grant since January 2001.  Mr. Miles was a Director of Kelman Technologies, Inc. from 2003 until September 2006.

ITEM 7.01Regulation FD Disclosure

On August 21, 2007, the Company issued a press release announcing the participation of Richard F. Miles, the Company’s President and Chief Executive Officer, and Scott A. McCurdy, the Company’s Vice President and Chief Financial Officer, in the 12^th Oil and Gas Conference hosted by Enercom Inc. on Tuesday, August 21, 2007, starting at 5:15 p.m. Mountain Time at the Westin Tabor Center, Denver, CO. The press release is attached hereto as exhibit 99.2, the contents of which are furnished in its entirety. A copy of the presentation to be made at the Conference is attached hereto as Exhibit 99.3.

The information in Item 7.01 of this Current Report on Form 8-K, including the exhibits, is deemed to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1932, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01Financial Statements and Exhibits.

(c)Exhibits

10.1Termination Agreement by and between Geokinetics Inc. and David A. Johnson dated August 15, 2007, in accordance with the Employment Agreement dated March 8, 2007, previously filed as Exhibit 10.1 to the Form 8-K dated March 14, 2007, which is incorporated by reference to this Exhibit 10.1.

17.1Resignation Letter from David A. Johnson

99.1Press Release dated August 16, 2007, announcing Geokinetics’ appointment of new President and Chief Executive Officer.

99.2Press Release dated August 21, 2007, announcing Geokinetics’ participation in 12^th Oil and Gas Conference hosted by Enercom on August 21, 2007.

99.3Presentation for the 12^th Oil and Gas Conference hosted by Enercom.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	GEOKINETICS INC.
Date:  August 21, 2007		By:	/s/ Scott A. McCurdy
			Scott A. McCurdy, Vice President and Chief Financial Officer

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EX-10.1

Exhibit 10.1

GEOKINETICS INC.

August 15, 2007

Mr. David A. Johnson

P.O. Box 727

Simenton, Texas 77476

Dear Mr. Johnson:

                The purpose of this letter is to set forth our agreement regarding the termination of your employment and your resignation as the President, Chief Executive Officer and an employee of Geokinetics Inc. (the “Company”) effective August 15, 2007.  Your employment is being terminated pursuant to Section 4 of the Employment Relationship Letter Agreement, dated March 8, 2007 (the “Employment Agreement”), between the Company and yourself.  The Company shall pay to you any accrued but unpaid base compensation within ten (10) days of the effective date of your termination.

                In accordance with the terms of the Employment Agreement, the following termination settlement will be paid to you in accordance with the Company’s customary payroll practices provided you comply with the provisions of your Employment Agreement described in subparagraph (g) below, and the release, as set forth below, of any and all claims that you might have or wish to assert against the Company:

(a)You will receive a severance benefit equal to $58,333.33 per month for 24 months ($1,400,000.00) beginning on September 1, 2007 and continuing through August 1, 2009;

(b)During such period, you and your family will be eligible to participate in the Company’s health insurance and other benefit programs on the same terms at the Company’s expense, as you are currently participating in those programs;

(c)During the period beginning on the date of your acceptance of this proposal and ending on September 15, 2007, you will agree to perform such services as may be requested by the President of the Company and as are appropriate in order to transition your responsibilities to your successor;

(d)The Company will waive all restrictions on the 50,000 restricted shares of its Common Stock, $.01 par value (“Common Stock”) which were awarded to you in accordance with the terms of the Employment Agreement and will cause a certificate to be issued to you for such restricted shares, less the number of shares required to provide for the payment of appropriate withholding taxes;

(e)The Company will accelerate vesting of the 8,333 shares of Common Stock subject to your outstanding stock option and will permit you to exercise the option in accordance with its term until December 1, 2015;

(f)You will be reimbursed for all reasonable and necessary business expenses incurred by you on behalf of the Company during the performance of services

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under this letter agreement, with such reimbursement to be made in accordance with the Company’s standard policies for such reimbursement;

(g)If the Company is contacted by a prospective employer for a reference, the Chairman of the Board of Directors of the Company will respond to such contact and advise your prospective employer that you satisfactorily completed your duties at the Company; and

(h)In accordance with the terms of your Employment Agreement, (i) you acknowledge your prior agreement and obligation not to compete in the seismic services industry for a period of two years after the date hereof provided the payments described in subparagraph (a) above are made, and your non-compete is restricted to areas where the Company and its subsidiaries are operating at the date hereof, and (ii) you agree to execute such additional non-disclosure and confidentiality agreements with respect to the Company’s proprietary or confidential information as the Company may reasonably request.  You agree to return to the Company, within ten (10) days after the date of this Letter Agreement, all documents, property and equipment, including your computer, of the Company which are in your control.  During such ten-day period, you will delete all personal files and information from your laptop computer.  After your computer is returned to the Company, it will be preserved and made available to you, as necessary, so that you may respond to questions from the Company during the six-month period after the date of this Letter Agreement.

                You may accept this proposal by executing and returning a signed copy of this letter and Exhibit A hereto to the undersigned.  Upon your execution, this shall form a binding letter agreement between you and the Company (the “Letter Agreement”) subject, however, to your right of revocation as specified in paragraph 2 below.  If accepted, the following provisions shall apply.

1.RELEASE.  In consideration for the termination settlement described above, you agree (on behalf of yourself and anyone who may now or hereafter have the right to claim or sue for or through you), your descendants, heirs, executors, administrators, and assigns, promise never to claim or sue or cause others to claim or sue the Released Parties (as hereafter defined) for anything hereinafter defined as Released Claims and you hereby forever release and discharge the Company, its affiliates and assigns together with its past and present directors, officers, agents, insurers and employees (collectively the “Released Parties”), of and from any and all claims, demands, obligations, damages or liabilities of any kind whatsoever, at law, in equity, or otherwise (collectively the “Released Claims”), whether known or unknown, suspected or unsuspected, which you now own or hold or have ever owned or held against the Released Parties.  The Released Claims include all claims arising out of or in any way connected with your employment, your termination of employment, or any other transactions, occurrences, acts, or omissions, or any losses, damage, or injury whatsoever, whether known or unknown, suspected or unsuspected, resulting from any act or omission of any of the Released Parties, committed or omitted prior to the date of this Release.  The Released Claims include, without limitation, claims

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under Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e; The Civil Rights Act of 1966, 42 U.S.C. § 1981; the Americans With Disabilities Act, 42 U.S.C. § 12101 et seq.; any claim for severance pay, bonus, salary, sick leave, holiday pay, vacation pay, life insurance, health or medical insurance, or any other fringe benefit, compensation, or disability benefit; or any other federal, state, executive order, or regulation regarding employment or termination of employment, or common law of any state relating to torts, employment contracts, and employment terminations before any state or federal court or administrative agency, civil rights agency, or any other forum. This Release will not impair your right, if any, to continued health care benefits coverage under COBRA, 29 U.S.C. §§ 1161-68, to any vested rights under any retirement plan maintained by the Company, or to any rights created under this Letter Agreement.

2.Review and Revocation.  You have twenty-one (21) days to review and carefully consider this Letter Agreement before signing it and you have an additional seven (7) days after signing and returning the Letter Agreement to the undersigned to revoke this Letter Agreement.  During this twenty-one day period, you should consult with an attorney of your choosing, at your expense, to review this proposal.  If you wish to revoke this Letter Agreement, you must deliver written notice of such revocation within seven (7) days after signing and returning it to the undersigned. If you do not sign and return the Letter Agreement within twenty-one (21) days after the date hereof, or if you revoke the Letter Agreement in accordance with the foregoing, the Letter Agreement will become null and void.  The settlement pursuant to this letter will become effective seven (7) days after you sign and return this letter to the undersigned unless you revoke it within the seven-day period

3.Successors and Assigns. This Letter Agreement is binding on the Company and its successors and on you and your heirs and representatives. Your rights and obligations hereunder are personal and may not be assigned.  In the event of your death prior to August 1, 2009, your severance benefits will be payable to, and will inure to the benefit of, first, your wife, and second, if she fails to survive you until September 1, 2009, your estate and heirs.

4.Governing Law and Venue.  This Letter Agreement shall be construed and enforced in accordance with the laws of the State of Texas, without regard to principals of conflict of laws.  The parties agree that any dispute relating to your employment, the termination thereof or any of the terms or conditions of this Letter Agreement shall be resolved within the exclusive venue of a state court in Harris County, Texas or the United States District Court of the Southern District of Texas, Houston Division.

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                If you wish to accept the forgoing proposal and agree that its terms and shall be binding  in accordance with the provisions of this letter, please sign in the space provided below and return it to the undersigned.

Sincerely,
GEOKINETICS INC.
By:	/s/ William R. Ziegler
	William R. Ziegler,
	Chairman of the Board of Directors

                I hereby accept the foregoing proposal this the 15^th day of August, 2007.

/s/ David A. Johnson

David A. Johnson

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EX-17.1

Exhibit 17.1

August 15, 2007

Board of Directors

Geokinetics Inc.

Re:       Resignation

Gentlemen:

After careful consideration, I have decided to resign effective August 15, 2007, as the President, Chief Executive Officer, an employee, and a Director of Geokinetics Inc.  I am also resigning as an Officer and Director of any of Geokinetics’ subsidiaries effective August 15, 2007.

Please understand that this was not an easy decision for me to make, but I have concluded that I have achieved substantially all of the goals I set when I joined the Company and I now believe it is time to pass on my responsibilities to a successor to be determined by you.  I am looking forward to new challenges outside the seismic data acquisition and processing industries.

I have enjoyed the time I have spent at the Company and look forward to maintaining my personal relationships with you in the future.

Very truly yours,

/s/ David A. Johnson

David A. Johnson

EX-99.1

Exhibit 99.1

NEWS

RELEASE

Contact:	Scott A. McCurdy
	Vice President and CFO
	Geokinetics Inc.
	(281) 398-9503
	(281) 398-9996 FAX

FOR IMMEDIATE RELEASE

GEOKINETICS INC. ANNOUNCES APPOINTMENT OF
NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER

HOUSTON, TEXAS August 16, 2007 - Geokinetics Inc. (AMEX: GOK) announced today that it has promoted Richard F. Miles, Vice President and Chief Operating Officer, to the positions of President and Chief Executive Officer. Mr. Miles replaces David A. Johnson, who resigned to pursue opportunities outside the seismic services industry.

William R. Ziegler, Chairman of the Company, stated, “We wish Dave Johnson continued success in his next endeavors. Dave was instrumental in completing two acquisitions which transformed Geokinetics from a small, domestic seismic services business, to the fourth-largest provider of land, transition zone and shallow water seismic surveying in the world. We are grateful for Dave’s accomplishments and wish him the best.”

Mr. Ziegler continued:  “We are particularly fortunate to have someone of the caliber of Dick Miles to promote to the positions of President and Chief Executive Officer. Dick has been in charge of all international operations at Geokinetics since our acquisition of Grant Geophysical, Inc. in September 2006, and most recently he was the President and Chief Executive Officer of Grant Geophysical since January 2001. Dick was a director of Kelman Technologies, Inc. from 2003 until September 2006. Dick served as Chief Executive Officer and a Director of GeoScience Corporation, the Chairman of CogniSeis, Syntron and Symtronix from 1990 until 2000. Prior to that he held numerous positions with Halliburton and Geophysical Services. Dick has over 40 years experience in the seismic acquisition and processing industry and we think he is uniquely qualified to continue the process of growing Geokinetics’ seismic services businesses.”

Mr. Miles stated:  “I am honored that the Board of Directors has the confidence and trust in me to ask me to succeed Dave Johnson. Dave’s accomplishments at Geokinetics during the past years have been substantial. I am confident that Geokinetics is on the right track and that we can continue to increase revenues, improve profitability and create shareholder value in the years ahead. Our employees have been instrumental in the process of integrating our recent acquisitions and the building of our backlog, and we will continue to provide them with the tools necessary to build Geokinetics into a world class, profitable seismic acquisition and processing Company. We will continue to focus on our core seismic acquisition businesses, both domestically and in selected international markets, while making the return of our processing business to profitability a priority.

About Geokinetics Inc.

Geokinetics Inc., based in Houston, Texas is a leading global provider of seismic acquisition and high-end seismic data processing services to the oil and gas industry. Geokinetics has strong operating presence in North America and is focused on key markets internationally. Geokinetics operates in some of the most challenging locations in the world from Arctic to mountainous jungles to transition zone environments. More information about Geokinetics is available at www.Geokinetics.com.

GEOKINETICS INC. (AMEX: GOK)

One Riverway, Suite 2100, Houston, Texas  77056  (713) 850-7600  (713) 850-7330 FAX

EX-99.2

Exhibit 99.2

NEWS

RELEASE

Contact:	Scott A. McCurdy
	Vice President and CFO
	Geokinetics Inc.
	(281) 398-9503
	(281) 398-9996 FAX

FOR IMMEDIATE RELEASE

GEOKINETICS INC. TO PRESENT AT ENERCOM’S 12^th OIL AND GAS
CONFERENCE

HOUSTON, TEXAS August 21, 2007 - Geokinetics Inc. (AMEX: GOK) announced that Richard F. Miles, the Company’s President and Chief Executive Officer, and Scott A. McCurdy, the Company’s Vice President and Chief Financial Officer, will participate in the 12^th Oil and Gas Conference hosted by Enercom Inc. on Tuesday, August 21, 2007, starting at 5:15 p.m. Mountain Time at the Westin Tabor Center, Denver, CO. The live webcast and presentation materials may be accessed online through Geokinetics’ website at www.geokinetics.com in the Investor Relations section and on The Oil and Gas Conference® website at http://www.theoilandgasconference.com/index.html on the day of the event.

About Geokinetics Inc.

Geokinetics Inc., based in Houston, Texas, is a leading global provider of seismic acquisition and high-end seismic data processing services to the oil and gas industry. Geokinetics has strong operating presence in North America and is focused on key markets internationally. Geokinetics operates in some of the most challenging locations in the world from the Arctic to mountainous jungles to the transition zone environments. More information about Geokinetics is available at www.geokinetics.com.

GEOKINETICS INC. (AMEX: GOK)

One Riverway, Suite 2100, Houston, Texas  77056  (713) 850-7600  (713) 850-7330 FAX

EX-99.3

Exhibit 99.3

Enercom, Inc. The Oil and Gas Conference August 19-23, 2007

2 Forward-Looking Statements Certain matters discussed in this presentation, except for historical information contained herein, are 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. When used in this report, words such as “anticipates”, “believes”, “expects”, “estimates”, “intends”, “plans”, “projects” and similar expressions, as they relate to the Company or management, identify forward-looking statements. Forward-looking statements include, among other things, business strategy and expectations concerning industry conditions, market position, future operations, profitability, liquidity and capital resources. Management’s expectations and assumptions regarding Company operations and other future results are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. Although we believe that the expectations reflected in such statements are reasonable, we can give no assurance that such expectations will be correct.

Geokinetics Overview & Investment Highlights Richard Miles President & CEO Scott McCurdy Vice President & CFO

4 Geokinetics Overview Global full service provider – includes seismic data acquisition and seismic data processing and interpretation International and North America operations Fourth largest land, transition zone and shallow water seismic data acquisition company in the world 22 seismic crews Over 3,200 employees 82,000 channels

5 Investment Highlights Outstanding growth story, both organically and through acquisitions From 2004 to 2006, Geokinetics has grown crew count from 2 crews to 22 Expect to expand to 24 crews by year-end Revenue Growth from $43 million in 2005 to $225 million in 2006 with YTD June 30, 2007 Revenues of $183 million Outstanding return on invested capital of 1-3 year payback Fourth largest globally diversified land seismic data acquisition provider Robust industry fundamentals Strong backlog of $375+ million provides revenue visibility Highly experienced management team Equity offering provided clean balance sheet and financial flexibility for further organic and acquisitive growth

6 For twelve months ended June 30, 2007, on a pro forma basis, spent approximately $72.8 million purchasing state-of-the-art equipment Expanded recording capacity by net 19,500 channels or 31% Plan additional investment of $68.1 million for last six months of 2007 for organic growth Capital investment decisions are made based on an average expected payback of less than three years on an EBITDA basis Growth Strategy Specialize in Profitable, High-Growth Niches Leverage competitive advantage and expertise in difficult land environments and transition zones to maximize profitability and further expand geographic presence and services offered Provide a Broad Range of Services Provide a broad range of seismic services, from acquisition and processing to interpretation and management, to help customers better evaluate oil and gas reserves Enhance Asset Utilization and Operating Efficiency Completed 2 transformational acquisitions in last 19 months, improving operating efficiency and expanding geographic footprint internationally Paid 3.5 to 4 X Forward EBITDA Actively Pursue Strategic Acquisitions Seek to enhance the continuity of seismic crews, utilization and operating efficiency through greater customer and geographic diversification and upgraded equipment Invest in New and Technologically-Advanced Equipment

7 Outstanding Growth Story, Both Organically and Through Acquisitions Historical Crew Count Trace and Grant acquisitions added a total of 17 crews and 53,000 channels $72.8 million spent on a pro forma basis between July 1, 2006 and June 30, 2007, which included the addition of 2 crews and 19,500 net additional channels(1) Also, upgraded 4 crews during second half of 2006 and first half of 2007 Plan $68.1 million of capital expenditures in last six months of 2007 Currently plan to fund 2 new crews, upgrade 3 U.S. crews, and add approximately 15,000 new channels, net Historical Channel Count (1) Includes 4,500 net channels acquired by Grant subsequent to July 1, 2006 and before the date of acquisition in September 2006. (1) 6/30/07 6/30/07 9,000 14,000 32,000 75,000 8,000 7,000 18,000 35,000 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2004 2005 2006 3/31/2007 Seismic Channel Count Beginning Channels Trace Acquisition Grant Acquisition Organic Additions 32,000 75,000 82,000 9,000 2 3 9 20 2 6 11 - 5 10 15 20 25 2004 2005 2006 3/31/2007 Seismic Crew Count Beginning Crews Trace Acquisition Grant Acquisition Organic Additions 9 20 22 2

8 Revenue and Adjusted EBITDA Growth Revenue Growth Adjusted EBITDA Growth (1) (1) Adjusted EBITDA is adjusted for one time charges associated with the Grant IPO process and Grant acquisition. The majority of these were paid by the seller. (2) Pro forma for Geokinetics, Trace, and Grant. (3) Pro forma for Geokinetics and Grant. Trace already included in Geokinetics’ 2006 financial results. ($ in thousands) ($ in thousands) Up 262% Up 36% Up 23% Rapid historical financial growth since 2005 – driven primarily by Trace and Grant acquisitions 262% increase in revenue 1,541% increase in Adjusted EBITDA Strong pro forma financial performance since 2005 – driven primarily by organic growth 36% increase in revenue 23% in Adjusted EBITDA (2) (3) (2) (3) Up 1,541% Historical Pro Forma Historical Pro Forma $43,145 $62,175 $225,183 $242,907 $329,473 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 2004 2005 2006 2005 PF 2006 PF $825 $1,417 $23,253 $31,014 $38,125 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 2004 2005 2006 2005 PF 2006 PF

9 Fourth Largest Global Land Data Acquisition Provider Source: World Geophysical News (“WGN”) as of April 15, 2007, SEC filings, and Company estimates. Per Company Management. Total worldwide count per CGG Veritas 424B5. North American and International split estimated by Company management. According to WGN, BGP reportedly has 62 crews in China and 40 crews in other countries. Total worldwide count per Schlumberger 10-K. North American and International split estimated by Company management. Geokinetics believes it is currently the fourth-largest global provider of seismic data acquisition services in land, transition zone and shallow water environments Geokinetics’ Competitive Advantages Consolidation improving competitive landscape and enhancing pricing power Multi-region and international presence Expertise in transition zones and difficult environments Strong relationships with diversified customer base – seismic is not a commodity service, compete through relationships and domain expertise High-quality, technologically advanced equipment – continuous technological improvement Highly skilled operators – experienced employees hard to find Worldwide Crews Rank Contractor Total % 1 Bur. Geophys. Prosp (3) 102 35% 2 Western GECO (4) 30 10% 3 CGGVeritas (2) 24 8% 4 Geokinetics (1) 22 7% Other (58 Companies) 116 39% Total 294 100% International Crews Rank Contractor Total % 1 Bur. Geophys. Prosp (3) 102 45% 2 Western GECO (4) 30 13% 3 CGGVeritas (2) 15 7% 4 Geokinetics (1) 9 4% 5 ENAGEO 7 3% Other (47 Companies) 65 29% Total 228 100% North American Crews Rank Contractor Total % 1 Dawson Geophysical 14 21% 2 Geokinetics (1) 13 20% 3 CGGVeritas (2) 9 14% 4 Tidelands 8 12% 5 Global Geophyiscal 5 8% Other (10 Companies) 17 26% Total 66 100%

10 Robust Industry Fundamentals N. America Seismic Crew Count and Oil Prices Source: World Geophysical News, Baker Hughes and Bloomberg N. America Rig Count and Oil Prices Seismic crew counts have steadily grown in response to commodity prices, but lag the increase in drilling rigs Seismic crew counts are still less than the lowest levels in the 1990s when oil prices were near $20 per barrel Pressure for continued growth in activity, even at lower commodity prices Oil companies reloading prospect inventories Resource plays are big drivers Technical advances drive activity and create barriers to entry Recent trend for larger and more specialized crews and equipment GAP 0 50 100 150 200 Jan-90 Dec-91 Nov-93 Oct-95 Sep-97 Aug-99 Jul-01 Jun-03 May-05 Apr-07 $0 $20 $40 $60 $80 U.S. Working Land Crews Canada Working Land Crews Oil Prices Current Working Land Crew Count: 66 0 600 1,200 1,800 2,400 Jan-90 Dec-91 Nov-93 Oct-95 Sep-97 Aug-99 Jul-01 Jun-03 May-05 Apr-07 $0 $20 $40 $60 $80 U.S. Land Canada Land Oil Prices Current Rig Count = 1,786

11 Total seismic data acquisition and data processing backlog in excess of $375 million as of June 30, 2007 North American backlog in excess of $170 million International backlog in excess of $205 million Remainder of 2007 nearly covered by current backlog, approximately 1/3rd of 2008 sold Strong Backlog Provides Revenue Visibility Backlog by Geography Backlog: $375 million International 55% North America 45%

12 Tracking Bid Requests Shows Growth in Demand $1.3B $650mm US Bid Activity 0 50 100 150 200 250 300 350 400 2004 2005 2006 2007 YTD July Bid Count

13 Recent Developments – 1H07 Financial Results Strong 1H07 Financial Results – Revenue of $182.6 million and EBITDA of $19.6 million Grant had revenue of $73.6 million and EBITDA of $7.6 million in the 1H06 Implies 1H06 combined revenue and EBITDA of $156.4 million and $18.2 million, respectively Year-over-year combined revenue and EBITDA growth of 17% and 8%, respectively EBITDA up 85% year-over-year; driven by Grant acquisition and organic growth 1H07 / 1H06 Comparative Actual Financial Results Six Months Ended % 6/30/2006 6/30/2007 Change (unaudited) Statement of Operations information: Revenues 82,844 $ 182,568 $ 120% Income (loss from operations) 7,023 5,643 -20% Interest expense, net (248) (13,762) 5449% Net income (loss) 3,902 (7,942) -304% Preferred dividends - 2,382 Net income (loss) applicable to common stockholders 3,902 $ (10,324) $ -365% Net income (loss) per common share - Diluted 0.66 $ (1.53) $ -332% Other Financial information (unaudited): EBITDA 10,584 19,615 85% Capital expenditures 2,962 32,618 Other Operating Data (at period end, unaudited): Crew count 9 22 144% Channel count 32,000 82,000 156%

14 Quarterly Pro Forma Financial Results Quarterly Pro Forma Revenue ($ in millions) Seasonality is prevalent in operations Results from a variety of factors including Canadian working season in 1Q and 4Q, and the budgeting cycle of international companies 2Q07 impacted primarily by severe weather in the U.S. and a job being declared force majeure Note: Adjusted EBITDA reflects $727k of Grant’s Abandoned IPO expenses and $12.9 million of expenses related to the Grant Acquisition consisting primarily of investment advisor and professional fees, payout under phantom stock plan and completion bonuses which are added back in 3Q06 in the chart above, but which actually occurred throughout 2006 up until Grant was acquired. ($ in millions) Quarterly Pro Forma Adjusted EBITDA $14.1 $4.2 $11.1 $8.6 $18.6 $1.0 $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 $18.0 $20.0 3/31/06 6/30/06 9/30/06 12/31/06 3/31/07 6/30/07 $97.6 $58.8 $81.1 $91.9 $111.0 $71.6 $120.0 $100.0 $80.0 $60.0 $40.0 $20.0 $- 3/31/06 6/30/06 9/30/06 12/31/06 3/31/07 6/30/07

15 Capitalization (1) As of December 31, 2006 June 30, 2007, total cash and cash equivalents and restricted cash included $1.7 million and $1.6 million of restricted cash, respectively. Equity offering provides clean balance sheet and financial flexibility for further organic and acquisitive growth Capitalization as of June 30, 2007 ($ in thousands) 12/31/2006 6/30/2007 (Audited) (Unaudited) Cash and cash equivalents and restricted cash (1) $22,059 $13,138 Long-term debt and capital leases (including current portion): Credit facility - $13,876 Floating Rate Notes 110,000 - Other debt 7,169 4,701 Total debt $117,169 $18,577 Redeemable convertible preferred stock 56,077 58,455 Total stockholders' equity 28,595 138,872 Total capitalization $201,841 $215,904 Total Debt / Capitalization 58.1% 8.6%

Questions and Answers

Enercom, Inc. The Oil and Gas Conference August 19-23, 2007