EXHIBIT 99.1

                     PRESS RELEASE DATED SEPTEMBER 4, 2001




GASCO
ENERGY


NEWS RELEASE
FOR IMMEDIATE RELEASE

                        GASCO PROVIDES OPERATIONS UPDATE
                COMPANY NEARS COMPLETION ON TWO UINTA BASIN WELLS
                  ADDS CALIFORNIA PROJECT TO OPERATING CORE MIX

DENVER - September 4, 2001 -Gasco Energy, Inc. (OTCBB: GASE) today provided an
interim update on activities on its Riverbend Project in the Uinta Basin and in
California.

UINTA BASIN DRILLING AND COMPLETION ACTIVITIES
Production casing was set on the Federal 24-7 well in Gasco's Riverbend Project
in Uintah County, Utah. The Federal 24-7, the second drilled by Phillips
Petroleum under the Phillips/Gasco agreement to develop part of Gasco's
Riverbend acreage, was drilled to a total depth of 12,730 feet, reaching the
Mancos Formation objective. Production casing was set at 12,054 feet, not total
depth, due to mechanical complications.

The well is presently waiting on additional completion work in various zones of
the Mesaverde Formation. The Federal 24-7 is located approximately eight miles
southwest of the Federal 31-29, Gasco and Phillips' first well drilled together.
Additional geologic and engineering tests will be conducted to determine the
potential aerial extent of the two discoveries.

Phillips has also set production casing on the third well in the program, the
Federal 34-29, located approximately three-quarter of a mile south of the
Federal 31-29. This well was drilled to a depth of 12,600 feet in the Mancos.
Completion operations will commence by month end.

Pipeline connections to the Federal 31-29, the first well drilled by Phillips
and Gasco in the Riverbend Project, are moving as scheduled. First production
could flow through the pipeline by the end of September. The Federal 31-29 also
encountered natural gas sands in the Wasatch Formation.

"These three geologically successful wells validate our play concept of a
regional basin-centered gas accumulation in this portion of the Uinta Basin,"
stated Mark Erickson, Gasco CEO and



GASCO
ENERGY



President. "The wells validate our geologic model extending the Greater Natural
Buttes fields to the west onto Gasco and Phillips acreage."

"We are actively developing prospects and leads to drill as part of our 2001 and
2002 program," added Erickson. "Gasco has staked thirteen Wasatch locations and
is finalizing negotiations to secure a drilling rig. With BLM approval, Gasco
could begin drilling early in the fourth quarter."


CALIFORNIA SEISMIC OPTION SIGNED
Gasco recently reached agreement with Torch Nuevo Company to shoot and interpret
more than five and one half miles of 120 fold seismic in its Willow Springs
Prospect in the southern San Joaquin Basin of California. The agreement also
provides the option for Torch to drill a test well on the option lands. The
company can give no assurance that it will be successful in developing any
economically drillable prospect.


About Gasco Energy
Gasco Energy is a Denver-based natural gas and oil exploration and development
company that focuses on natural gas rich prospects in the Rocky Mountain area of
the United States. The Company currently holds interest in more than 135,000
gross acres in Utah. For more information about Gasco please visit
WWW.GASCOENERGY.COM or contact John Foulkes or Peter Forward toll free at
800-645-9254

Forward-looking statements
Certain statements contained herein are "forward-looking" statements (as such
term is defined in the Private Securities Litigation Reform Act of 1995).
Because such statements include risks and uncertainties, actual results may
differ materially from those expressed or implied by such forward-looking
statements.

Contacts for Gasco Energy Inc.:
Media                                                Investor Relations:
Mark Erickson/ W. King Grant                         Peter Forward
(303) 483-0044                                       (800) 645-9254
INFO@GASCOENERGY.COM                                 Stock Symbol:  GASE