Geokinetics Commences Offering of $275MM Senior Secured Notes

Geokinetics Holdings has commenced an offering of $275 million senior secured notes due 2014 to be offered and sold to qualified institutional buyers pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended.

The notes will bear interest at a rate to be determined at pricing and will be guaranteed on a senior secured basis by Geokinetics and each of its domestic subsidiaries. The notes and the guarantees will be secured by liens on substantially all of the assets of Geokinetics, Geokinetics Holdings and the subsidiary guarantors.

Geokinetics intends to use the net proceeds from this offering to finance the cash portion of the acquisition of the on-shore seismic and multi-client seismic library business of Petroleum Geo-Services ASA and to repay current outstanding indebtedness.


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