We develop a modified fluid-saturated thermoporoelastic model by introducing two temperature equations to account for the temperature differences between the solid skeleton and the pore filling. The modified two-temperature generalized thermoporoelastic (TTG) equation is an extension of the classical single-temperature Lord-Shulman (LS), Green-Lindsay, and generalized LS theories. It predicts four compressional waves and one shear wave based on the analysis of inhomogeneous plane waves. We study the exact reflection and transmission (R/T) coefficients at the interface separating two thermoporoelastic half-spaces and develop an amplitude-variation-with-offset (AVO) approximation. Comparison with the Biot poroelastic case of the water/oil contact shows that the TTG model reproduces the exact R/T results. The AVO response of oil, gas, and real CO2 geosequestration reservoirs illustrates the practical applicability of our model and provides the theoretical basis for the exploration of high-temperature resources.