FAQ
Our business is the exploration and the development of oil and natural gas reserves on a worldwide basis. We currently have projects in the United States, Canada and Indonesia.
Our principal executive offices are located at 150 California Street, Suite 600, San Francisco, CA 94111. Our telephone number is (415) 398-8186.
GeoPetro Resources Company was incorporated in June 1996, as a successor company to GeoPetro Company, founded in August 1994.
On February 15, 2007, our common stock commenced trading on the American Stock Exchange under the symbol "GPR".
Our principal producing project is our Madisonville Project, located in East Texas. We currently produce natural gas from the Rodessa formation at about 12,000 feet of depth.
We, through our 12% ownership interest of Continental-GeoPetro (Bengara II) Ltd., ("C-G Bengara"), have a 12% interest in the Bengara (II) PSC Block in East Kalimantan, Indonesia (the "Bengara Block") which covers approximately 239,692 gross (28,763 net) acres. Two wells have been drilled in this block since 1938 and one of these resulted in a natural gas discovery, testing 19.5 MMcf/d together with 600 bbls condensate per day. Elsewhere in the block, a large number of prospects and leads have been identified based primarily on seismic data. On September 29, 2006, we sold to CNPCHK (Indonesia) Limited ("CNPC") 70% of our shareholding in the Company's Continental-GeoPetro (Bengara-II) Ltd. subsidiary and our interest in the Bengara (II) Block, reducing our interest from 40% to 12%. CNPC is a wholly owned subsidiary of CNPC (Hong Kong) Ltd. who is party to the agreements as guarantor. CNPC (Hong Kong) Ltd. is a publicly held company based in Hong Kong and its shares trade on the Hong Kong Stock Exchange under the listing number 0135.HK. CNPC (Hong Kong) Ltd. is a 52% owned subsidiary of the China National Petroleum Company based in Beijing, PRC. CNPC has committed $60 million towards the exploration, appraisal and development of the Bengara Block.
We have an experienced management team with the top two individuals having over 75 combined years of experience. We have a diversified portfolio of projects that cover the entire spectrum of the risk profile ranging from low risk producing properties to medium risk /high reward exploratory projects. With a solid production base with substantial upside through high impact exploration.
As of April 2, 2012 we have 45,253,101 shares of common stock and 5,423,000 preferred stock outstanding.
Our transfer agent is Computershare Investor Services, (403) 267-6804