Gasco Energy Receives Notice of NYSE Amex Listing Deficiency

DENVER, June 30 /PRNewswire-FirstCall/ -- Gasco Energy (NYSE Amex: GSX) today
announced that on June 25, 2009 it received notice of an NYSE Amex listing
deficiency with respect to stockholders' equity requirements. The Company
incorporates in this news release the disclosure included in its filing on
Form 8-K dated June 30, 2009.

On June 25, 2009, Gasco Energy, Inc. (the "Company") received a notice from
the NYSE Amex LLC ("NYSE Amex"), dated June 25, 2009, informing the Company
that it does not meet certain of the continued listing standards of the NYSE
Amex. Specifically, the notice stated that the Company is not in compliance
with Section 1003(a)(i) of the NYSE Amex Company Guide, with stockholders'
equity of less than $2,000,000 and net losses in two of its three most recent
fiscal years; and Section 1003(a)(ii) of the NYSE Amex Company Guide, with
stockholders' equity of less than $4,000,000 and net losses in three of its
four most recent fiscal years. The notice also stated that in order to
maintain its listing, the Company must submit a plan of compliance to the NYSE
Amex by July 27, 2009 that addresses how the Company intends to regain
compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE Amex Company
Guide by December 27, 2010.

The Company intends to prepare and submit a plan within the required time
frame. However, there can be no assurance that NYSE Amex will accept the plan,
or if the plan is accepted, that the Company will be able to achieve
compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE Amex Company
Guide within the required time frame. If the Company does not submit a plan by
July 27, 2009, if the plan is not accepted by NYSE Amex, or if the Company is
not able to achieve compliance with Sections 1003(a)(i) and 1003(a)(ii) of the
NYSE Amex Company Guide by December 27, 2010, the Company will be subject to
delisting procedures as set forth in the NYSE Amex Company Guide.

About Gasco Energy
Denver-based Gasco Energy, Inc. is natural gas and petroleum exploitation,
development and production company engaged in locating and developing
hydrocarbon resources, primarily in the Rocky Mountain region. Gasco's
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.

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 Gasco'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, forwardlooking 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 Gasco, 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 Gasco'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 Gasco 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; fluctuations in natural gas and oil
prices; pipeline constraints; overall demand for natural gas and oil in the
United States; changes in general economic conditions in the United States;
our ability to manage interest rate and commodity price exposure; changes in
the Company's borrowing arrangements; the condition of credit and capital
markets in the United States; and other risks described under "Risk Factors"
in Item 1 of the Company's Annual Report on Form 10-K for the year ended
December 31, 2008 filed with the Securities and Exchange Commission on March
4, 2009.

Any of these factors could cause our actual results to differ materially from
the results implied by these or any other forward-looking statements made by
us or on our behalf. We cannot assure you that our future results will meet
our expectations. When you consider these forward-looking statements, you
should keep in mind these factors. All subsequent written and oral
forward-looking statements attributable to the Company, or persons acting on
its behalf, are expressly qualified in their entirety by these factors. Our
forward-looking statements speak only as of the date made. The Company assumes
no duty to update or revise its forward-looking statements based on changes in
internal estimates or expectations or otherwise.

SOURCE Gasco Energy, Inc.

Investor Relations for Gasco Energy, Inc, +1-303-483-0044