Gasco Energy, Inc.(fka GSXN)

[Rewardz4U]

24.3% Jump Oil Production Q1....WOW!!!!

Q1 Production estimates out this morning

Oil Production jumped 24.3% this Quarter.

Gasco is at on the verge of a major shift in revenues from Nat Gas to Oil

The new much more balanced mix of Oil & Nat Gas will ensure Gsx has strong revenues and cashflows going forward

Many more New oil projects and wells slated to be drilled in 2012

Get ready, EPS to jump on back of $100 oil & record oil production

By commodity, Gasco posted improved crude oil volumes of 9,885 barrels of oil for Q1-12, as compared to 7,950 barrels in Q4-11, a 24.3% increase sequentially. The Company attributes the oil production growth to the addition of two new-drill Green River Formation oil wells that began producing during Q1-12. Natural gas volumes of 832 MMcf for Q1-12 were off only fractionally as compared to the Q4-11 sequential quarter.

http://finance.yahoo.com/news/gasco-energy-provides-q1-12-120000054.html