GeoPetro Resources has reported revenue of $1.23 million for the third quarter of 2007, a 28% decrease compared to $1.7 million for the same quarter in 2006.

The decrease was primarily due to lower production volumes caused by available natural gas treatment plant capacity constraints. The company reported a net loss available to common shareholders for the quarter ended September 30, 2007 of $0.7 million, or $0.02 per basic and diluted share, compared to a net loss available to common shareholders of $0.5 million, or $0.02 per basic and diluted share in the same period last year.

For the nine months ended September 30, 2007, revenues were $5.44 million, compared to $5.17 million reported for the 2006 period – a 5% increase, primarily due to higher natural gas prices. The company reported a net loss available to common shareholders for the nine months ended September 30, 2007 of $0.7 million, or $0.02 per basic and diluted share, compared to a net loss available to common shareholders of $0.8 million, or $0.03 per basic and diluted share for the first nine months of 2006.