DENVER, Jan. 4 /PRNewswire-FirstCall/ -- Gasco Energy, Inc. (Amex: GSX - News) today announced that it has been informed by its Chief Operating Officer, Michael Decker, and its Chief Financial Officer, King Grant, that they have each adopted a pre-arranged stock trading plan to exercise expiring options and to sell a portion of their company stock over time as part of their individual long-term strategies for asset diversification and liquidity. The stock trading plans were adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934 and Gasco's policies regarding stock transactions.

Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans at times when they do not have material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce any market impact and can avoid concerns about whether they have material, non-public information when they sell their stock.

Mr. Grant informed the Company that under the terms of his Rule 10b5-1 Plan he may sell up to 200,000 shares over a period of approximately two years. These shares will be acquired through the exercise of options that are within five months of their expiration date. The transactions under these plans will commence no earlier than February 2006, and will be disclosed publicly through filings with the Securities and Exchange Commission.

Mr. Decker informed the Company that under terms of his Rule 10b5-1 Plan he may sell up to 175,000 shares over a period of one year. These shares will be acquired through the exercise of options that are within four months of their expiration date. The transactions under these plans will commence no earlier than March 2006, and will be disclosed publicly through filings with the Securities and Exchange Commission.

About Gasco Energy
Gasco Energy, Inc. is a Denver-based natural gas and oil exploitation and development company that focuses on natural-gas-rich prospects in the Rocky Mountain area of the United States. The Company currently is active in the Uinta Basin in Utah and controls acreage in the Greater Green River Basin of Wyoming. To learn more, visit www.gascoenergy.com.

Source: Gasco Energy, Inc.