March 01, 2007 08:49 ET

eResearch Issues Initiating Report on GeoPetro Resources Company

TORONTO, ONTARIO--(CCNMatthews - March 1, 2007) - eResearch analysts, Eugene Bukoveczky, MBA, CFA, and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on GeoPetro Resources Company (TSX:GEP.S)(AMEX:GPR). GeoPetro Resources is an oil and gas company with a 100% interest in a producing natural gas property in Texas, and a number of domestic and international oil and gas exploration properties in Indonesia, Canada, Alaska, California, and Australia.

In the Report, the Analysts state: "The bulk of the Company's capital expenditures in recent years have been invested in expanding production from its Madisonville, Texas property, and further material expenditures are planned in 2007- 2008 to discover new reserves and expand production further."

The Analysts go on to say, "Since approximately 80% of potential value is derived from the Company's interest in the Madisonville gas field, any material increase in natural gas prices could improve the Company's position significantly." "Ongoing exploration activity on the Company's Indonesian property also constitutes a valuation "wild card" and, should a significant discovery be made, there could be additional upside potential."

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive Internet distribution network. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

GeoPetro Resources Company paid eResearch a fee of C$17,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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