EIGHTH AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 10.24

EIGHTH AMENDMENT TO

EMPLOYMENT AGREEMENT

This EIGHTH AMENDMENT TO EMPLOYMENT AGREEMENT (this “EIGHTH AMENDMENT”) is executed December 31, 20008, but effective as of January 1, 2005, by and between GeoPetro Resources Company, a California Corporation (“Company”) and Stuart J.  Doshi (“Executive”).

RECITALS

A.            Company and Executive are parties to the Employment Agreement, dated June 28, 1997 (the “Original Agreement”), as amended by the Amendment to Employment Agreement, dated January 11, 2001, the Second Amendment to Employment Agreement, dated July 1, 2003, the Third Amendment to Employment Agreement, dated April 20, 2004, the Restated Fourth Amendment to Employment Agreement, dated May 9, 2005 (the “Fourth Amendment”), the Fifth Amendment to Employment Agreement, dated July 28, 2005 (the “Fifth Amendment”), the Sixth Amendment to Employment Agreement, dated January 30, 2006, and the Seventh