Gasco Energy Inc. - 2011-06-10

The company has priced an underwritten public offering of 25,000,000 units at a price to the public of $0.24 per unit, for gross proceeds of $6.0 million. The net proceeds to Gasco from this offering are expected to be approximately $5.3 million, after deducting underwriting discounts and commissions and other estimated offering expenses.

Gasco intends to use the net proceeds from this offering for capital expenditures, working capital, acquisitions of oil and natural gas properties, repayment or refinancing of indebtedness, or general corporate purposes.

Lazard Capital Markets LLC is acting as sole book-running manager for the offering.