Geokinetics Working on Restructuring

Apr 03, 2001, 01:00 ET from Geokinetics Inc.

    HOUSTON, April 3 /PRNewswire/ -- Geokinetics Inc. (OTC Bulletin Board:  
 GEOK) announced today that it is in the process of completing a restructuring
 of its debt obligations, including its obligations to its principal equipment
 supplier.  The Company stated that it expects the restructuring to be
 completed by April 16, 2001.  The Company also stated that it had notified the
 Securities and Exchange Commission that the Company would delay filing of its
 Form 10-KSB for the fiscal year ended December 31, 2000, until April 16, 2001.
     Geokinetics Inc., based in Houston, Texas, is a provider of seismic
 processing and acquisition services through its subsidiaries, Geophysical
 Development Corporation and Quantum Geophysical, Inc.
 
 

SOURCE Geokinetics Inc.
    HOUSTON, April 3 /PRNewswire/ -- Geokinetics Inc. (OTC Bulletin Board:  
 GEOK) announced today that it is in the process of completing a restructuring
 of its debt obligations, including its obligations to its principal equipment
 supplier.  The Company stated that it expects the restructuring to be
 completed by April 16, 2001.  The Company also stated that it had notified the
 Securities and Exchange Commission that the Company would delay filing of its
 Form 10-KSB for the fiscal year ended December 31, 2000, until April 16, 2001.
     Geokinetics Inc., based in Houston, Texas, is a provider of seismic
 processing and acquisition services through its subsidiaries, Geophysical
 Development Corporation and Quantum Geophysical, Inc.
 
 SOURCE  Geokinetics Inc.