Gasco Energy Resumes Completion Operations on Mancos Test

Gasco Energy has successfully completed the wellbore remediation process on the Gasco-operated Federal #14-31 in Utah (GSX: 100% WI), a deep gas test drilled to total depth of 16,763 feet to evaluate the productive potential of the Wasatch, upper and lower Mesaverde, Blackhawk, Mancos and Dakota formations. The remediation process fully restored wellbore integrity allowing the Company to immediately commence completion activities on the four remaining Mancos intervals identified in open-hole log analysis. The lower-most Mancos interval was completed prior to commencing the remediation process. The remaining formations, the Wasatch, upper and lower Mesaverde and Blackhawk, are expected to be completed after production data and reservoir characteristics of the Mancos zones have been fully evaluated by engineers.

Gasco Energy, Inc. is a Denver-based natural gas and petroleum exploitation and development and production company engaged in locating and developing hydrocarbons resources, primarily in the Rocky Mountain region.