GeoPetro Resources Company
TSX : GEP.S

GeoPetro Resources Company

March 31, 2006 17:14 ET

GeoPetro Resources Company: Oil & Gas Reserves and Operational Information

SAN FRANCISCO, CALIFORNIA--(CCNMatthews - March 31, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

GeoPetro Resources Company (TSX:GEP.S) ("GeoPetro" or the "Company") has filed its Annual Information Form (the "AIF") for the year ended December 31, 2005 with the Canadian securities regulatory authorities on the System for Electronic Document Analysis and Retrieval ("SEDAR") in Canada. The AIF contains the statement and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 of the Canadian Securities Administrators ("NI 51-101"). With this news release, GeoPetro is reporting these filings as required by NI 51-101. An electronic copy of the AIF may be obtained on GeoPetro's SEDAR profile at www.sedar.com.

No stock exchange or regulatory authority has approved or disapproved of the information contained herein. GeoPetro's common shares have not been registered under the United States Securities Act of 1933 (the "1933 Act") or the securities laws of any state and may not be offered or sold in the United States or to U.S. persons, except pursuant to registration under the 1933 Act or pursuant to an available exemption from such registration requirements. The ".S" suffix in the trading symbol indicates that the common shares are subject to trading restrictions imposed pursuant to Regulation S under the 1933 Act. In particular, the common shares may not, for a period of two years from the date of issuance, be offered or sold to persons in the United States or U.S. persons except in transactions exempt from registration under the 1933 Act. Hedging transactions involving the common shares must not be conducted unless in accordance with the 1933 Act.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans" and similar expressions, are forward-looking information that represents management of GeoPetro's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of GeoPetro. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause GeoPetro's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in GeoPetro's filings with the Canadian securities authorities. Accordingly, holders of GeoPetro securities and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted.

Contact Information

  • GeoPetro Resources Company
    Stuart Doshi
    President & Chief Executive Officer
    (415) 398-8186
    sdoshi@geopetro.com