FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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

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1. Name and Address of Reporting Person * ANDREEFF DANE 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) (Last) (First) (Middle) C/O ANDREEFF EQUITY ADVISORS LLC, 450 LAUREL ST STE 2105 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2007 (Street) BATON ROUGE, LA 70801 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (check applicable line) ___ Form Filed by One Reporting Person _X_ Form Filed by More than One Reporting Person (City) (State) (Zip) 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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock 12/26/2007   S4 2,870 D $ 19.3325 1,841,655 (1) I (1) See footnote (1) Common Stock 12/31/2007   P4 25,986 A $ 19.141 1,841,655 (1) I (1) See footnote (1) Common Stock 12/31/2007   P4 2,600 A $ 19.2308 1,841,655 (1) I (1) See footnote (1) Common Stock 01/09/2008   P4 1,019 A $ 17.0354 1,841,655 (2) I (2) See footnote (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

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 Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ANDREEFF DANE C/O ANDREEFF EQUITY ADVISORS LLC 450 LAUREL ST STE 2105 BATON ROUGE, LA 70801	Â	  X	Â	Â
MAPLE LEAF CAPITAL I, LLC 450 LAUREL STREET SUITE 2105 BATON ROUGE, LA 70801	Â	  X	Â	Â

Signatures

/s/ Dane Andreeff		02/14/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This transaction was made by a fund that is not, iself, a 10% owner of the issuer's securities. As a Director of the fund, Dane Andreef, is reporting this transaction because he may be deemed an indirect beneficial owner of 10% or more of the issuer's securities, in the aggregate, including immediately exercisable warrants. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his 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 general partner, Maple Leaf Capital I, L.L.C., and the general partner's managing member, 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. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein.

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