Free Writing Prospectus

Issuer Free Writing Prospectus

Filed Pursuant To Rule 433

Registration Statement No. 333-131716

November 16, 2006

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (713) 287-2261. The prospectus relating to this offering is available by clicking on the following link:

http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp#topAnchor; and then type GMET.

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1
Bank of America 2006 Energy Conference
November 16, 2006

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2
Forward Looking Statements
This
presentation
includes
forward-looking
statements
made
in
reliance
on
the
safe
harbor
provisions
of
the
Private
Securities
Litigation
Reform
Act
of
1995.
Words
such
as
"believes,"
"anticipates,"
"expects,"
"intends,“
"targeted,"
and
similar
expressions,
generally
identify
forward-looking
statements
and
should
be
read
carefully.
These
statements
are
based
on
GeoMet's
current
expectations
and
beliefs
and
are
subject
to
a
number
of
risks,
uncertainties
and
assumptions
that
could
cause
actual
results
to
differ
materially
from
those
described
in
the
forward-looking
statements.
Risks,
uncertainties
and
assumptions
include
(i)
risks
inherent
in
the
exploration
for
and
development
and
production
of
coalbed
methane
and
in
estimating
reserves,
(ii)
the
presence
or
recoverability
of
estimated
reserves,
(iii)
the
ability
to
replace
reserves,
(iv)
unexpected
future
capital
expenditures,
(v)
general
economic
conditions,
(vi)
gas
price
volatility,
(vii)
the
success
of
our
hedging
and
other
risk
management
activities,
(viii)
competition,
(ix)
regulatory
changes,
(x)
the
ability
of
management
to
execute
its
plans
to
meet
its
goals,
(xi)
cost
and
availability
of
transportation
to
get
our
gas
to
market,
and
(xii)
other
factors
discussed
in
GeoMet's
filings
with
the
United
States
Securities
and
Exchange
Commission.
GeoMet
assumes
no
obligation
to
publicly
update
or
revise
any
forward-looking
statements
contained
in
this
presentation,
whether
as
a
result
of
new
information,
future
events,
or
otherwise.

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3
Corporate Highlights
•
Coalbed methane is our only business
–
Experienced technical team of 22 CBM professionals with an average of 17 years of
experience
–
Track record of success (Black Warrior, Raton, Central Appalachia and Cahaba Basins)
–
Comparative advantage
•
Low finding and development costs
•
Growth in production
•
Growth in reserves
•
Exploration projects
•
Strong balance sheet

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Coalbed Methane –
An Unconventional Resource
•
Characteristics of Coalbed Methane
–
Large scale, high-impact resource projects at attractive costs
–
Attractive CBM operating profile
Low geologic risks
Low F&D costs
Low production costs
Long-lived reserves
Early inclining production rates
•
Coalbeds
exist over large geographic expanses
–
Significant resource potential
–
Low geologic and development risks (corehole drilling, gas desorption tests)
–
Higher gas in place at shallow depths
–
Incremental investment decisions drive down development and operating risk
•
“Gas Manufacturing”
business
–
Large-scale projects
–
Economies of scale drive down costs
–
Long-lived reserves with low decline rates after early production incline
•
Success is not dependent on identifying coals, but on optimizing
production
–
Technical issues require experienced personnel

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Undeveloped Resources in Established Resource Plays
Production and Development Area
Exploration and Evaluation Area
Peace River
(British Columbia)
North Central
Louisiana
Cahaba
(Alabama)
Pond Creek
(Virginia & West Virginia)
Birmingham, Alabama
(Technical Headquarters)
Houston, Texas
(Corporate Headquarters)

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6
Resource Plays with Significant Upside
(1)
Based on the December 31, 2005 reserve report prepared by DeGolyer and MacNaughton, independent petroleum engineers.
(2)
The PV-10 was calculated using a flat gas price of $9.66 per Mcf.
(3)
Net productive wells in developing projects
Proved
Reserves
at
(12/31/05)
Drilling
and
Acreage
Inventory
at
(9/30/06)
Net
Additional
Productive
Drilling
Basin
Wells
(3)
Locations
Total
Developed
Undeveloped
Appalachia
185
305
55,631
13,240
42,391
Cahaba
177
328
42,326
12,160
31,166
North Central Louisiana
-
-
119,244
-
119,244
British Columbia
-
-
18,343
-
18,287
Piceance
-
-
16,949
-
16,949
Other (United States)
-
-
24,742
-
24,742
   Total
362
633
277,235
25,400
252,779
Estimated Net CBM  Acres
Proved
Proved
Developed
Percent
PV-10
(2)
(MMcf)
(MMcf)
Developed
($MM)
Appalachia:
Pond Creek
114,458
79,864
70%
366
$     
Alabama:
Gurnee Field  (Cahaba Basin)
145,062
112,517
78%
497
Other
2,991
2,758
92%
17
Total
262,511
195,139
74%
880
$     
NOTE: R/P -
39.7 years (8.4 year half life)
Estimated
Proved Reserves
(1)
Field

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7
(1)
$13
$36
$59
$59
$90
0
20
40
60
80
100
2002
2003
2004
2005
2006
Track Record of Growth
(1)
Excludes $27 million for acquisition of producing properties in Pond Creek.
(2)
Proved reserves, capital expenditures and net wells drilled include White Oak Creek Field working interest, sold in 2004.
Daily Sales
Proved Reserves
(2)
Capital Expenditures
(2)
Net Wells Drilled
(2)
2002
2003
2004
2005
9 Mo. 2006
5,837
6,806
8,709
2,024
3,246
7,226
12,585
3,813
3,560
1,483
16,486
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Production Sold in 2004
17
36
104
210
263
0
50
100
150
200
250
300
2001
2002
2003
2004
2005
12
63
92
98
125
0
20
40
60
80
100
120
140
2002
2003
2004
2005
2006

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8
Project Inventory Lifecycle
EARLY
STAGE
GeoMet has a deep inventory of resource play development projects
at all stages of the asset lifecycle
MATURE
Exploration / Evaluation
Development / Production
HIGHER RISK
LOWER RISK
Emerging
Projects
North Central
Louisiana
Lasher
Peace
River
Cahaba /
Pond Creek
Increased
Density
Drilling
Cahaba
Pond Creek
White Oak
Creek
Mature
Production

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Development Projects

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10
Cahaba Project (Gurnee Field)
A Significant Development Opportunity
GeoMet
Cahaba
Operations
GeoMet
Cahaba
Operations
Black Warrior Methane
El
Paso
Energen
Energen
Dominion
Resources
El
Paso
Dominion
Resources
Black
Warrior
Basin
Cahaba
Basin
Black
Warrior
River
Cahaba
River
Creek
Black Warrior Methane
El
Paso
Energen
Energen
Dominion
Resources
El
Dominion
Resources
Black
Warrior
Basin
Paso
•
Across anticline from Black Warrior Basin
•
Pennsylvanian Age Pottsville coals
•
Twice average coal thickness (50 feet)
•
43,686 net acres under lease (proforma)
•
Operator -
GeoMet –
100% WI
Other Operators
SONAT Interstate Pipeline
GeoMet Projects
Water Discharge Pipeline
SONAT Bessemer Calera Pipeline
GeoMet
High Pressure Pipeline
N
0
4
8
Miles
N
0
4
8
Miles
CDX Pipeline
GeoMet
Enbridge Pipeline
New Acreage
Constellation
White
Oak

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11
Cahaba Project (Gurnee Field)
Project Profile
•
Full scale development commenced March 2005
•
145 Bcf of estimated proved reserves at YE 05
•
33 coreholes and 573
gas desorption tests
•
Estimated
current
net
sales
–
6,200
Mcf
/day
•
177 productive wells with 328 additional undrilled
locations remaining
•
Projected 2006 capex –
Approximately $45 MM 
(75 wells, including 10 infill wells)
•
Approximately 100 wells in 2007
Cahaba
River
Water Discharge Pipeline
SONAT Bessemer Calera Pipeline
GeoMet
High Pressure Pipeline
Proved Undeveloped
Potential Drill Sites
Compressor Sites
Drilled Coreholes
Proved Developed
Well locations
CDX Pipeline
New acreage

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0
1000
2000
3000
4000
5000
6000
7000
8000
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
GeoMet Daily Gas Sales
Daily Water Production
Cahaba Project (Gurnee field)
Increasing Daily Sales
144A
Roadshow
Completion
of water
discharge
pipeline
IPO
Roadshow

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Pond Creek Project
•
West Virginia, Virginia border
•
Pennsylvanian Age Pottsville coals
•
Coal thickness ranges from 10 –
30 feet
•
34,982 net acres under lease
•
Operator -
GeoMet –
100% WI
CDX
Equitable
Resources
Dickinson
CNX Gas
GeoMet
Pond
Creek
Project
Lasher
Prospect
CDX
Equitable
Resources
CNX Gas
GeoMet
Pond
Creek
Project
Penn
Virginia
Lasher
Prospect
Virginia
West Virginia
N
0
10
Miles
20
GeoMet
Operations
Other Operations
0
10
Miles
20
0
10
Miles
20
GeoMet
Operations
Other Operations
GeoMet Gathering Pipeline
Jewell Ridge Pipeline
ETNG Pipeline
Cardinal Pipeline

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Pond Creek Project
Project Profile
•
First gas sales –
February
2003
•
114 Bcf of estimated proved
reserves at YE 05
•
13 coreholes and 220 gas
desorption tests
•
Estimated current net sales –
11,600 Mcf / day
•
185 productive wells with 305
additional undrilled locations
•
Projected 2006 capex –
Approximately $26 MM 
(includes 40 wells and $5.5
MM for pipeline)
•
Approximately 40 wells in
2007
GeoMet
High Pressure Pipeline
Proved Undeveloped
Potential Drill Sites
Compressor Sites
Drilled Coreholes
Proved Developed
Well locations
Cardinal Pipeline
ABANDONED
MINES
ABANDONED
MINES
Virginia
West Virginia

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0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
Feb-03
May-03
Jul-03
Oct-03
Jan-04
Apr-04
Jul-04
Oct-04
Jan-05
Apr-05
Jul-05
Oct-05
Jan-06
Apr-06
Jul-06
Oct-06
0
25
50
75
100
125
150
175
200
225
250
275
300
Pond Creek Project
Increasing Daily Sales
144A
Roadshow
IPO
Roadshow
GeoMet Daily Gas Sales
Well Count

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Exploration and
Evaluation Projects

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•
36,686 gross acres (18,343 net acres)
•
Cretaceous Age Gething coals
•
100 MMcf/d of available pipeline capacity within 3 miles
•
Operator –
GeoMet –
50% WI
•
Attractive royalty incentive package for CBM development
•
Expected royalty rate < 10%
•
No severance tax
Peace River Prospect
Project Profile
British
Columbia
Fort
St. John
Spirit
Encana

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2005 Activity
•
Drilled 3 coreholes
•
Drilled and tested 2 production wells
•
Recompleted
and tested 1 existing well
•
Drilled and tested 1 water disposal well
2006 Activity
•
4 additional test wells in progress
•
Drilling a second water disposal well
Summary
•
Est.
investment
as
of
9/30/06
-
$8.6
MM
•
36,686 gross acres (18,343 net acres)
•
Seek to expand acreage position
•
Development decision to be made in 1H 2007
Peace River Prospect
Project Profile
GeoMet
-
Production Test Well
-
Corehole
-
Salt Water Disposal Well
0
1 km
2 km
?
Hudson's
Hope
New
Acreage

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19
Summary Financial
Information

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Strong Financial Profile
•
Growing production and cash flow
•
Growing reserve and resource base
•
Low finding and development costs
•
Declining unit operating costs
•
Solid balance sheet
–
Low debt / capitalization
–
Five year credit facility, $150 MM borrowing base
–
Favorable hedging position
•
Management team has significant public company experience
•
Savvy financial sponsor (Yorktown Partners, LLC)

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Low Finding and Development Costs
(1)
Data from J.S. Herold Database.  Includes a broad universe of Large-Cap, Mid-Cap and Small-Cap E&P companies.
(2)
Reserve additions for the period used to compute finding and development costs have been estimated by independent
petroleum engineers and adjusted for revisions to previous estimates.
(3)
Finding
and
development
costs
include
total
capital
expenditures
for
exploration,
development
and
acquisition
of
proved
reserves including the net change for the period in both future development costs and the carrying value of unproved properties.
GeoMet
$0.74 per Mcf
E&P Composite Index
(1)
$2.47 per Mcf
3 Year Average (excluding future development costs)
3
Year
Average
(including
future
development
costs)
(2)
(3)
Cahaba Project (Gurnee Field)
$0.86 per Mcf
Pond Creek Project (Pond Creek Field)
$0.98 per Mcf
Combined
$0.95 per Mcf

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Prototypical CBM Field
Inclining Production / Declining Unit Costs
Source:  Actual historical performance of a Black Warrior Basin project.
Early
Stage
Intermediate
Stage
Mature
Stage
Gas
Water / Gas Ratio
Wells
LOE
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50

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Capitalization ($ in thousands)
(1)
Proved reserves at 12/31/05 of 262.5 Bcf
Cash
615
Long-Term Debt
99,926
Stockholders' Equity
95,422
Total Capitalization
195,348
$            
$       
$     
$     
Long Term Debt  / Capitalization
51%
2,924
41,487
206,766
248,253
$            
$       
$     
$     
17%
12/31/05
9/30/06
Debt  / Mcf
(1)
0.38
0.16
$     
$     

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Natural Gas Production Hedges
(1)
Protection is the difference between the floor price and the point where the floor price phases out. It remains a constant premium as prices continue to decline.
Hedge Quantity
Three Way Collars
MMBtu
Cap
Floor
Protection
(1)
October 2006
Winter 2006 / 2007
Summer 2007
Winter 2007 / 2008
Summer 2008
372,000
1,510,000
1,712,000
1,216,000
1,712,000
8.49
11.02
10.50
14.80
10.50
$          
$        
$        
$        
$        
7.00
8.20
7.38
9.00
7.00
$          
$          
$          
$          
$          
1.12
1.50
1.63
3.00
2.00
$          
$          
$          
$          
$          
Weighted Average Price / MMBtu

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Summary
Coalbed
Methane is Our Only Business
Characteristics of Coalbed
Methane
Positioned for Growth

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For More Information, Please Contact:
J. Darby Seré
Chairman, President & CEO
dsere@geometinc.com
(713) 287 -
2253
William C. Rankin
Executive Vice President & CFO
brankin@geometcbm.com
(713) 287 -
2257
Stephen M. Smith
Treasurer
ssmith@geometcbm.com
(713) 287 -
2251