DENVER,
March 3 /PRNewswire-FirstCall/ -- Gasco Energy (OTC
Bulletin Board: GASE -News ) today announced that
Richard S. Langdon has been elected to its Board
of Directors.
Most recently, from 1997 until December 2002, Langdon
served as Executive Vice President and Chief Financial
Officer of EEX Corporation, a NYSE-listed exploration
and production company that was acquired by Newfield
Exploration (NYSE: NFX -News ) in late 2002. While
at EEX, Langdon was responsible for accounting and
financial reporting, acquisitions and divestitures,
internal finance and treasury functions and relationships
with the capital markets among his other duties
as CFO.
In addition to his EEX experience, Langdon, 52,
brings over 28 years of operational and financial
experience in the energy sector holding various
domestic and international senior executive positions
with Pennzoil Company, Korn/Ferry International,
Gaffney, Cline & Associates and Continental
Illinois National Bank / Trust Company of Chicago.
He holds a B.S. in Mechanical Engineering and a
Master of Business Administration, both from The
University of Texas at Austin.
Mr. Langdon replaces King Grant who remains with
Gasco as CFO. Grant stepped down from the Board
in order to increase Gasco's outside representation
on the Board. Mr. Langdon was selected by the holders
of a majority of the shares of Gasco's Series B
Preferred Stock, the terms of which give the holders
of such shares the right to elect one member of
Gasco's Board of Directors. The number of Gasco
Board Members remains seven.
Mark Erickson, Gasco's President and CEO, said,
"Rich's energy industry experience, numerous
relationships, and financial strengths are a valuable
complement to our Board. Further, his addition improves
our Audit Committee in a time where Corporate Governance
is essential to a company's success. We are pleased
that Rich has joined our Board."
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
in the Greater Green River Basin of Wyoming. To
learn more, visit www.gascoenergy.com.
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Source: Gasco Energy, Inc.
