EXHIBIT 99.1


Gasco
- ------
Energy



For Release at 7:00 AM EST on Friday, November 18, 2005

             GASCO ENERGY ANNOUNCES PRICING OF COMMON STOCK OFFERING


DENVER--Nov  18,  2005--Gasco  Energy,  Inc.  (AMEX:  GSX),  a  natural  gas and
petroleum exploitation, development and production company, today announced that
it has priced a public  offering  of  12,500,000  shares of its common  stock at
$6.50 per share.  Gasco has also granted to the  underwriters a 30-day option to
purchase up to 1,875,000  additional  shares of its common stock solely to cover
over-allotments,  if any.  Closing  of the  offering  is  expected  to  occur on
November  23,  2005,  and  is  subject  to  satisfaction  of  customary  closing
conditions.  Net  proceeds  from  the  offering  will be  used  to fund  capital
expenditures  for the development and exploration of Gasco's oil and natural gas
properties and the development of associated infrastructure, working capital and
general corporate purposes.


J.P. Morgan Securities Inc. acted as sole book-running  manager for the offering
and First Albany  Capital Inc.  acted as  joint-lead  manager for the  offering.
Jefferies & Company,  Inc. and Petrie Parkman & Co. acted as co-managers for the
offering. Copies of the prospectus and related prospectus supplement relating to
the  offering  may  be  obtained  from  J.P.  Morgan   Securities   Inc.,  Chase
Distribution & Support Service,  1 Chase Manhattan Plaza, Floor 5B, New York, NY
10081 (copies may also be obtained via email to
addressingservices@jpmchase.com).


This press release does not constitute an offer to sell or the  solicitation  of
an offer to buy any shares of Gasco Energy Inc.'s common stock,  nor shall there
be any sale of these  securities  in any  jurisdiction  in which  such an offer,
solicitation,  or sale would be unlawful prior to registration or  qualification
under the securities laws of any such jurisdiction.


Contact for Gasco Energy, Inc.: Investor Relations: 303-483-0044