Former Oil & Gas Investment Banker, W. King Grant Joins Gasco Energy as CFO

June 26, 2001 - Gasco Energy, Inc. (OTC BB: GASE), ) - is pleased to announce the appointment of W. King Grant as the company's Chief Financial Officer. Mr. Grant was a senior vice president in ING Baring LLC's natural resources group where he was responsible for providing financing and advisory services to mid and small cap oil & gas companies. Prior to joining ING Barings, Mr. Grant spent eleven years at Chase Manhattan where he held several positions, most recently as a vice president in the oil & gas group. For the last eighteen months Mr. Grant was executive vice president and Chief Financial Officer of KEH.com, a privately held, catalog and Internet retailer of photographic equipment. Mr. Grant holds a BSE in chemical engineering from Princeton and an MBA from Wharton.

"I am pleased to welcome King to the Gasco team," said company Chairman, Marc Bruner. "The insight and perspective provided by his strong financial investment background will be a tremendous asset to Gasco as we continue to move forward.

"King provides the financial expertise necessary to help move the company to the next level." Added Mark Erickson. "We are excited to have talent of this magnitude on the team."

About Gasco Energy

Gasco Energy is a Denver based natural gas and oil exploration and
development company that focuses in the Rocky Mountain area of the United States. The Company currently holds interests in properties located in the Uinta Basin of northeastern Utah, which are being developed pursuant to an agreement with Phillips Petroleum.

 

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