Gasco Energy, Inc.(fka GSXN)

[OilStockReport]

My opinion: the worst is behind us.

DENVER, Nov. 22, 2010 /PRNewswire-FirstCall/ -- Gasco Energy (NYSE Amex: GSX) today announced that on November 19, 2010 it received notice that it has resolved its NYSE Amex continued listing deficiencies and is now in compliance with all NYSE Amex continued listing standards.

Gasco's regaining of compliance is based upon an NYSE Amex review of publicly available information. Specifically, the Company has resolved the continued listing deficiency with respect to Section 1003(a)(iii) of the NYSE Amex Company Guide, with respect to stockholders' equity requirements as referenced in the NYSE Amex's notice dated June 25, 2009. The November 19, 2010 notice also stated that, as is the case for all listed issuers, Gasco's continued listing eligibility will be assessed on an ongoing basis. Further, Gasco has become subject to the provisions of Section 1009(h) of the NYSE Amex Company Guide, which may be accessed at www.nyse.com/regulation.

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. 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 www.gascoenergy.com.