UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A/1
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Amendment No. 1
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Exhibit 27
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QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934 FOR THE
QUARTERLY PERIOD ENDED SEPTEMBER 30, 1996
BUSINESS ISSUERS
Commission File Number 0-20915
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GEO PETROLEUM, INC.
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(Name of Small Business Issuer in its charter)
California
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(State or other jurisdiction of incorporation or organization)
25660 Crenshaw Boulevard, Suite 201 Torrance, California
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(Address of principal executive offices)
33-0328958
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(I.R.S. Employer Identification No.)
90505
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(Zip Code)
(310) 539-8191
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(Issuer's telephone number)
Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the Registrant was
required to file reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
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<PAGE>
The issuer became a reporting company when its Form 10-SB
registration statement was cleared on August 12, 1996.
Indicate the number of shares outstanding of each of the issuer's
classes of common stock as of the latest practicable date.
Class Outstanding at September 30, 1996
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Common stock, no par value 5,203,787
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
UNAUDITED CONDENSED FINANCIAL STATEMENTS AT 9/30/96
</LEGEND>
<CIK> 0001016275
<NAME> GEO PETROLEUM, INC.
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> SEP-30-1996
<CASH> $115,259
<SECURITIES> $0
<RECEIVABLES> $368,357
<ALLOWANCES> $52,413
<INVENTORY> $0
<CURRENT-ASSETS> $536,029
<PP&E> $5,029,851
<DEPRECIATION> $(1,184,767)
<TOTAL-ASSETS> $4,381,114
<CURRENT-LIABILITIES> $1,577,621
<BONDS> $0
$0
$347,156
<COMMON> $2,512,983
<OTHER-SE> $(56,646)
<TOTAL-LIABILITY-AND-EQUITY> $4,381,114
<SALES> $982,269
<TOTAL-REVENUES> $986,650
<CGS> $615,775
<TOTAL-COSTS> $351,155
<OTHER-EXPENSES> $0
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $238,665
<INCOME-PRETAX> $(218,945)
<INCOME-TAX> $0
<INCOME-CONTINUING> $0
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $(218,945)
<EPS-PRIMARY> $(0.04)
<EPS-DILUTED> $(0.05)
</TABLE>
