GeoPetro Resources Company (GeoPetro) is an oil and gas exploration, development drilling and production company. The Company is engaged in the oil and gas acquisition, exploration, development and production business in the United States and internationally. GeoPetro has its operations in the United States, Canada, Australia and Indonesia. The Company has conducted acquisition, exploration and drilling activities on its North American and Indonesian prospects. These projects, as of December 31, 2011, included approximately 249,042 gross (35,126 net) acres. As of December 31, 2011, the Company had activities in four project the United States, Texas (East Texas), Alaska (onshore Cook Inlet basin) and California (onshore San Joaquin basin); Canada, Alberta (central Alberta basin); Indonesia onshore and offshore East Kalimantan Province, and Australia onshore in two permit areas located in the South Perth basin. In December 2011, the Company dissolved its interests in CG Xploration Inc.