DENVER, Dec. 12 /PRNewswire-FirstCall/ -- Gasco Energy, Inc. (AMEX:GSX), Brek Energy Corporation (Pink Sheets: BREK), announced today that the shareholders of Brek have approved the proposed merger of Gasco Acquisition, Inc., a wholly-owned subsidiary of Gasco Energy, Inc., with and into Brek in a meeting held earlier today by Brek Energy Corporation in Los Angeles, California.
Over 76.1% of the outstanding common shares voted in favor of the merger. Approximately 76.2% of Brek Energy Corporation's outstanding common stock was represented at the meeting.
Gasco Energy, Inc. and Brek Energy Corporation anticipate closing the transaction on December 14, 2007.
About Gasco Energy Gasco Energy, Inc. is a Denver-based natural gas and petroleum exploitation and development company engaged in locating and developing hydrocarbons resources, primarily in the Rocky Mountain region. To learn more, visit http://www.gascoenergy.com/.
Forward-looking statements Certain statements set forth in this press release relate to management's future plans, objectives and expectations. Such statements are forward-looking within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding Gasco's future financial position, potential resources, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "project," "estimate," "anticipate," "believe," or "continue" or the negative thereof or similar terminology. Although any forward-looking statements contained in this press release are to the knowledge or in the judgment of the officers and directors of Gasco, believed to be reasonable, there can be no assurances that any of these expectations will prove correct or that any of the actions that are planned will be taken. Forward-looking statements involve known and unknown risks and uncertainties that may cause Gasco's actual performance and financial results in future periods to differ materially from any projection, estimate or forecasted result. Some of the key factors that may cause actual results to vary from those Gasco expects include inherent uncertainties in interpreting engineering and reserve or production data; operating hazards; delays or cancellations of drilling operations because of weather and other natural and economic forces; fluctuations in oil and natural gas prices in response to changes in supply; competition from other companies with greater resources; environmental and other government regulations; defects in title to properties; increases in the Gasco's cost of borrowing or inability or unavailability of capital resources to fund capital expenditures; and other risks described under "Risk Factors" in Item 1. of the Gasco's 2006 amended Form 10-K filed with the Securities and Exchange Commission on April 5, 2007. DATASOURCE: Gasco Energy, Inc.
CONTACT: Investor Relations of Gasco Energy, Inc., +1-303-483-0044 Web site: http://www.gascoenergy.com/
|