Gasco Energy to Sell Common Stock

Gasco Energy plans to make a public offering of approximately 12,500,000 shares of its common stock.

Gasco will sell 12,500,000 newly issued shares of its common stock (plus up to 1,875,000 shares that may be newly issued upon exercise of the underwriters' over-allotment option). Gasco plans on using the net proceeds from this offering to fund capital expenditures for the development and exploration of its oil and natural gas properties and the development of associated infrastructure, working capital and general corporate purposes.

The offering and sale of all the shares will be made under Gasco Energy's currently effective shelf registration statement filed with the Securities and Exchange Commission. J.P. Morgan Securities Inc. is the sole book-running manager for the offering, First Albany Capital is joint-lead manager, Petrie Parkman & Co. and Jefferies & Co. Inc. are co-managers.