First quarter 2006 gross production increased 12.6% to 1,637.5 MMcfe over gross production of 1,454.0 MMcfe for the fourth quarter of 2005.

 Gasco Energy Net Production Detail

                        Three months                Three months
                            Ended                       Ended
                      Mar. 31   Mar. 31           Mar. 31   Dec. 31,
                       2006*     2005   % Change   2006*     2005    % Change

    Natural Gas /
     MMcf              823.6     137.8     498     823.6     750.4      9.8
    Oil / MBbls          4.4       1.5     193       4.4       4.3      2.3
    Natural Gas
     Equivalents /
     MMcfe             849.8     147.1     478     849.8     776.1      9.5

    *Includes preliminary production estimates for the first quarter of 2006



Drilling Activity

During the first quarter of 2006, Gasco spudded five gross wells (3.8 net) and reached total depth on six gross wells (4.1 net). The Company continues to run three drilling rigs on its Riverbend project and expects to take delivery of its fourth rig in May 2006.

Completion Activity

During the quarter, Gasco conducted initial completion operations on four wells and re-entered seven wells to complete behind-pipe pay zones. At March 31, 2006, Gasco operated 46 gross wells. Two additional wells were awaiting completion activities.

First Quarter Financial Results

Gasco expects to announce its first quarter results on or before May 5, 2006. The Company will schedule a conference call to be announced at a later date to discuss first quarter operational and financial results.

IPAA OGIS Conference

Gasco Energy also today announced its participation in the 2006 Independent Petroleum Association of America's Oil and Gas Investment Symposium in New York. Gasco's CEO and President, Mark Erickson will provide an update to investors on Wednesday, April 12, 2006 at 10:55 AM EDT. Also attending the conference are Gasco's chief operating officer, Mike Decker and its chief financial officer, King Grant. Webcasting is available for the IPAA presentation at: http://www.investorcalendar.com/IC/CEPage.asp?ID=102987&CID= during the time of the presentation. Alternatively, you may also access the presentation slides and the webcast by logging onto the Gasco home page at www.gascoenergy.com.

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.

Forward-looking statements

Certain statements set forth in this press release relate to management's future plans, objectives and expectations. Such statements are forward- looking within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding the Company's future financial position, potential resources, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "project," "estimate," "anticipate," "believe," or "continue" or the negative thereof or similar terminology. Although any forward-looking statements contained in this press release are to the knowledge or in the judgment of the officers and directors of the Company, believed to be reasonable, there can be no assurances that any of these expectations will prove correct or that any of the actions that are planned will be taken. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual performance and financial results in future periods to differ materially from any projection, estimate or forecasted result. Some of the key factors that may cause actual results to vary from those the Company expects include inherent uncertainties in interpreting engineering and reserve or production data; operating hazards; delays or cancellations of drilling operations because of weather and other natural and economic forces; fluctuations in oil and natural gas prices in response to changes in supply; competition from other companies with greater resources; environmental and other government regulations; defects in title to properties; increases in the Company's cost of borrowing or inability or unavailability of capital resources to fund capital expenditures; and other risks described under "Risk Factors" in Item 1. of the Company's 2005 Form 10-K filed with the Securities and Exchange Commission on March 3, 2006.