SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* ANDREEFF DANE (Last) (First) (Middle) C/O ANDREEFF EQUITY ADVISORS, L.L.C. 140 E. ST. LUCIA LANE (Street) SANTA ROSA BEACH FL 32459 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol GEOKINETICS INC [ GOK ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 08/15/2008
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/15/2008		S		854	D	$19.77	1,957,887	I ( 1 )	See Footnote ( 1 )
Common Stock	08/15/2008		S		14,508	D	$19.77	1,943,379	I ( 1 )	See Footnote ( 1 )
Common Stock	08/15/2008		S		15,504	D	$19.77	1,927,875	I ( 2 )	See Footnote ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* ANDREEFF DANE (Last) (First) (Middle) C/O ANDREEFF EQUITY ADVISORS, L.L.C. 140 E. ST. LUCIA LANE (Street) SANTA ROSA BEACH FL 32459 (City) (State) (Zip)

1. Name and Address of Reporting Person* MAPLE LEAF CAPITAL I, LLC (Last) (First) (Middle) C/O ANDREEFF EQUITY ADVISORS, L.L.C. 140 E. ST. LUCIA LANE (Street) SANTA ROSA BEACH FL 32459 (City) (State) (Zip)

1. Name and Address of Reporting Person* ANDREEFF EQUITY ADVISORS, LLC (Last) (First) (Middle) 140 E. ST. LUCIA LANE (Street) SANTA ROSA BEACH FL 32459 (City) (State) (Zip)

Explanation of Responses:

1. This transaction was made by a fund that is not, itself, a 10% owner of the issuer's securities. The fund's General Partner, Maple Leaf Capital I, L.L.C.; the fund's Investment Adviser, Andreeff Equity Advisors, L.L.C.; and the Managing Member of both the fund's General Partner and the fund's Investment Advisor, Dane Andreeff, are reporting this transaction because they each may be deemed indirect beneficial owners of 10% or more of the issuer's securities, in the aggregate, including immediately exercisable warrants. However, Maple Leaf Capital I, L.L.C. may be deemed to beneficially own 1,021,411 shares of the issuer's common stock as of the date of the last reported transaction and as such, presently holds less than 10% of the issuer's securities, in the aggregate. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein.

2. This transaction was made by a fund that is not, itself, a 10% owner of the issuer's securities. The fund's Director, Dane Andreeff, and the fund's Investment Adviser, Andreeff Equity Advisors, L.L.C., are reporting this transaction because they each may be deemed an indirect beneficial owner of 10% or more of the issuer's securities, in the aggregate. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein.

	/s/ Dane Andreeff	08/19/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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