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8-K - FORM 8-K - GASCO ENERGY INC | d73822e8vk.htm |
Exhibit 99.1
For Release at 4:00 PM EDT on Monday, June 14, 2010
Gasco Energy Announces Promotions
DENVER June 14, 2010 /PRNewswire-FirstCall/ Gasco Energy (NYSE Amex: GSX) today
announced that its Board of Directors has approved the promotion of Mr. Charles H. Wilson to Vice
President of Operations. In addition, Ms. Peggy Herald, the Companys Vice President, Accounting
and Administration, will also now serve as Treasurer and Ms. Camille A. Gerard, the Companys
Controller, will now also serve as the Corporate Secretary. The promotions were effective on June
10, 2010. King Grant, Gascos President and Chief Financial Officer, previously performed the
Treasurer and Corporate Secretary functions.
Mr. Wilson, Vice President of Operations and now an officer of Gasco, has 29 years of experience in
the oil and gas industry. Prior to joining Gasco in 2006 as Drilling Manager, he was the US
Onshore Drilling Manager for Denver-based Forest Oil Company, a NYSE-listed exploration and
production company. His 29 years of experience in the industry has ranged from drilling,
completion and production operations to surface equipment installations. Since 1990, Mr. Wilson
has been focused primarily on drilling operations covering Utah, Wyoming, North Dakota, Montana,
California, Nevada, New Mexico, Texas, Louisiana, Mississippi and five years in the international
arena. His experience complements the Management and Technical teams in place at Gasco.
He holds a BS degree in Petroleum Engineering from the University of Wyoming and in addition
has held several positions within the Society of SPE and AADE.
Ms. Herald joined Gasco in 2002 as Controller, was later named Vice President and Controller and
was appointed Chief Accounting Officer in June 2006 and was appointed Vice President, Accounting
and Administration in May 2007. She has over 20 years of financial, accounting and reporting
experience in the oil and gas industry. Prior to joining Gasco, she served as the Financial
Reporting Manager for Hallwood Energy Corporation, where she managed the financial reporting
process for several publicly traded oil and gas corporations and limited partnerships. She also
worked in public accounting for five years at Deloitte & Touche LLP and KPMG LLP. Ms. Herald holds
a Bachelor of Science in Accounting from Regis University.
Camille A. Gerard brings to Gasco Energy over 20 years of energy industry and consulting experience
in internal auditing, e-marketing, and commodity management; including transportation and marketing
of natural gas and pulp and paper. Prior to joining Gasco as Controller in May 2008, Ms. Gerard
was the founder of Risk Management Consulting, LLC a Denver-based company that performed
Sarbanes-Oxley reviews for such companies as Gasco Energy, EKS&H, and St. Mary Land and
Exploration. Ms. Gerard has also worked in natural gas marketing with Xcel Energy, pulp and paper
trading with Enron Industrial Markets, launching and managing marketing support for a start-up
trading website for Enron Net Works, and Marketing Support for Northern Natural Gas. She holds a
Bachelor of Science in Geology from the University of Louisiana at Lafayette and an MBA with a
specialization in Internal Auditing from Louisiana State University. She is a Certified Internal
Auditor and Certified Public Accountant.
Commenting on todays promotions, King Grant, Gascos President and CFO said: Chuck, Peggy and
Camille all continue to be a dedicated part of the Gasco management team and their promotions today
are indicative of their hard work and contributions to Gascos success. We are fortunate to be
able to attract and retain talented financial and technical staff and appreciate the efforts of all
of Gascos employees on behalf of the Companys shareholders.
About Gasco Energy
Denver-based Gasco Energy, Inc. is a natural gas and petroleum exploitation, development and
production company engaged in locating and developing hydrocarbon resources, primarily in the Rocky
Mountain region.
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Gascos principal business is the acquisition of leasehold interests in petroleum and natural gas
rights, either directly or indirectly, and the exploitation and development of properties subject
to these leases. Gasco currently focuses its drilling efforts in the Riverbend Project located in
the Uinta Basin of northeastern Utah, targeting the Wasatch, Mesaverde, Blackhawk, Mancos, Dakota
and Morrison formations. To learn more, visit
http://www.gascoenergy.com.
Contact for Gasco Energy, Inc.: Investor Relations: 303-483-0044
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