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GEOKINETICS INC. ANNOUNCES ADDITIONAL $10 MILLION CAPITAL LEASE WITH CIT GROUP/EQUIPMENT FINANCING

HOUSTON, TEXAS April 29, 2008 - Geokinetics Inc. (AMEX: GOK), announced the recent completion of a $10 million Master Lease Agreement with The CIT Group/Equipment Financing, Inc. to purchase seismic data acquisition equipment for its Ocean Bottom Cable ("OBC") crew currently in Australia.  This new lease agreement is in addition to a $25 million capital lease agreement completed on November 8, 2007, and a $6 million capital lease agreement completed on July 25, 2006, both of which were used to purchase seismic data acquisition equipment in North America.

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 http://www.geokinetics.com/.