Gasco Energy's CEO Mark A. Erickson Talks to The Wall Street Transcript

NEW YORK--(BUSINESS WIRE)--Jan. 10, 2002--The Wall Street Transcript has published an in-depth interview with Mark Erickson, President & CEO of Gasco Energy (OTCBB:GASE - news), in which he talks at length about the company's future.

The entire 2,600-word interview is available free online at http://www.twst.com/ceos.htm

Erickson gives an overview of the company. ``Our core area in the Uinta Basin, the Riverbend Project, is moving ahead. Phillips Petroleum drilled three wells in the project, under our agreement with them. Two of the wells are now producing, and the third well is waiting on a pipeline connection. As announced in our Dec. 13, 2001, press release, we are pleased with the preliminary production results from the first two wells.''

Erickson explains, ``In Utah and Wyoming, we believe we have solid acreage positions with many potential locations that can keep us and our partners busy going forward. Any additional acreage acquisitions would be strategic in nature, such that we would be consolidating or aggregating in and around our existing core properties. We are a focused company seeking to leverage our internal expertise, our acreage position, and our relationships with our much larger partners. Our strategy within Utah is structured around farming in other company's acreage and drilling to earn. We are also initiating land swaps, where we will trade acreage to improve our position in a specific area...''

Looking forward, Erickson states, ``The volatility of the business has, no doubt, increased. Natural gas is one of the most volatile commodities. It calls for the need for more sophisticated management, planning techniques and hedging strategies for a company as it goes forward. As part of our corporate planning, we look at the business cycles. If you can keep a company strong and not over-extend its balance sheet, one can capture opportunities on a more regular basis.''

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

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