EXHIBIT 99.3
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GASCO
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ENERGY BOARD OF DIRECTORS
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Gasco is committed to provide additional expertise and enhance the reputation
and governance of the company through its Board of Directors. In addition to Mr.
Mark Erickson, President and CEO, the Board of Directors currently includes the
following outside directors:
MARC BRUNER
DIRECTOR, CHAIRMAN AND STRATEGIC CONSULTANT FOR GASCO ENERGY
Mr. Bruner was Chairman of the Board of Ultra Petroleum; a TSE & AMEX listed
natural gas company with a current market capitalization of $350 million. Ultra
is focused on tight sand development in the Green River Basin of Wyoming. In
1998, Mr. Bruner was a founder of Pennaco Energy, Inc., a coal bed methane
company, and in 1996, a founder of RIS Resources International, a natural gas
company. Pennaco was sold to Marathon Oil Company for an offer exceeding $500
million.
MR. J. TIMOTHY BOWES
DIRECTOR AND MEMBER OF AUDIT AND COMPENSATION COMMITTEE
Mr. Bowes, who holds a Bachelor of Commerce and a MBA from the University of
British Columbia, is a consultant specializing in the structuring of mergers and
acquisitions of petroleum and natural gas companies. Prior to starting his own
consulting business, Mr. Bowes was employed by Yorkton Securities, initially as
a senior analyst for petroleum and natural gas properties and lastly as Vice
President Corporate Finance in the Natural Resources section of the Yorkston
Calgary office.
MR. CARL STADELHOFER
DIRECTOR AND MEMBER OF AUDIT COMMITTEE
Mr. Stadelhofer partner with the law firm of Rinderknecht Klein & Stadelhofer in
Zurich, Switzerland. His practice specializes in banking and financing, mergers
and acquisitions, investment funds, and international securities transactions.
MR. CARMEN (TONY) LOTITO
DIRECTOR AND CHAIRMAN OF AUDIT AND COMPENSATION COMMITTEE
Mr. Lotito is Vice President, Chief Financial Officer and a Director of Coriko
Corporation, a private business development company, since 2000, and is a member
of Equistar Capital LLC, an investment banking firm since 2000. Mr. Lotito
received his B.S. degree in Accounting from University of Southern California,
and joined the firm of Pannell, Kerr Forester & Co. as a senior accountant in
management and audit services for the company's San Diego, California office. In
1988, he joined ConAgra, Inc., in San Antonio, Texas as a brand manager, where
he developed product lines which grossed $50 million. After leaving ConAgra and
before joining Impact and Coriko, Mr. Lotito was self employed as a financial
consultant.
GASCO
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ENERGY
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GREGORY PEK
DIRECTOR AND CEO OF FIRST ECOM
Mr. Pek (46 yrs) trained as a professional accountant in Canada, becoming a
Chartered Accountant in 1982. Mr. Pek first worked with Clarkson Gordon (now
Ernst and Young) and later established his own public accounting practice. Mr.
Pek has been an officer and director of a number of public companies since the
early 1980s including companies that listed on Nasdaq, Hong Kong and Vancouver.
He has a broad range of experience in multiple industries ranging from real
estate and infrastructure projects, food manufacturing and distribution,
franchising, technology and trade. In 1999 Mr. Pek co-founded First Ecom.com,
Inc. This was a start-up company that became the first independent
(non-government/financial institution owned), licensed (by Visa and Mastercard)
third party processor of credit card transactions in Asia.