================================================================================


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported) January 31, 2007


                               GASCO ENERGY, INC.
             (Exact name of registrant as specified in its charter)


                                     Nevada
                 (State or Other Jurisdiction of Incorporation)

          0-26321                                       98-0204105
 (Commission File Number)                   (I.R.S. Employer Identification No.)

                        8 Inverness Drive East, Suite 100
                 -----------------------------------------------
        Englewood, Colorado                                    80112
(Address of Principal Executive Offices)                    (Zip Code)

       Registrant's telephone number, including area code: (303) 483-0044

- --------------------------------------------------------------------------------
Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

|X|  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))

================================================================================


                                       1




Item 1.01     Entry into a Material Definitive Agreement

On January 31, 2007, Gasco Energy, Inc.  ("Parent"),  a Nevada corporation,  and
Brek Energy  Corporation  ("Company")  a Nevada  corporation,  entered into that
certain  First  Amendment to Agreement  and Plan of Merger dated as of September
20, 2006 (the "Original  Agreement") by and among Parent,  the Company and Gasco
Acquisition, Inc., a Nevada corporation and a wholly owned subsidiary of Parent.

The First Amendment to the Original  Agreement amends the Original  Agreement by
changing the Optional  Termination  Date (as defined in the Original  Agreement)
from January 31, 2007 to May 31, 2007.

Item 9.01     Financial Statements and Exhibits.

     (d) Exhibits. The following exhibit is filed as part of this Current Report
         on Form 8-K:

          2.1  First Amendment to Agreement and Plan of Merger,  dated September
               20, 2006, by and among Gasco  Energy,  Inc.,  Gasco  Acquisition,
               Inc. and Brek Energy Corporation.




                                       2



                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                     GASCO ENERGY, INC.


                                     By:     /s/ W. King Grant
                                            --------------------
                                     Name:  W. King Grant
                                     Title: Chief Executive Officer


                                      Date:  January 31, 2007


                                       3



                                  EXHIBIT INDEX

2.1  First Amendment to Agreement and Plan of Merger,  dated September 20, 2006,
     by and among Gasco Energy,  Inc., Gasco  Acquisition,  Inc. and Brek Energy
     Corporation.