The impact of prestack time migration on porosity estimation has been tested on a 2-D seismic line from the Valhall/Hod area in the North Sea. Porosity is estimated in the Cretaceous chalk section in a two-step procedure. First, P-wave and S-wave velocity and density are estimated by amplitude variation with offset (AVO) inversion. These parameters are then linked to porosity through a petrophysical rock data base based on core plug analysis. The porosity is estimated both from unmigrated and prestack migrated seismic data. For the migrated data set, a standard prestack Kirchhoff time migration is used, followed by simple angle and amplitude corrections. Compared to modern high-cost, true amplitude migration methods, this approach is faster and more practical. The test line is structurally fairly simple, with a maximum dip of 5°; but the results differ significantly, depending on whether migration is applied prior to the inversion. The maximum difference in estimated porosity is of the order of 10% (about 50% relative change). High-porosity zones estimated from the unmigrated data were not present on the porosity section estimated from the migrated data.