Natural Gas Stock Alert for Gasco Energy Inc. Issued by InvestorSoup
DALLAS, Feb. 1, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Gasco Energy Inc. (AMEX: GSX). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.investorsoup.com/lp/GSX
Get our alerts BEFORE the rest of the market. Follow us on Twitter: www.twitter.com/investorsoup
Gasco Energy Inc. (GSX) is a natural gas and petroleum exploitation, development and production company engaged in locating and developing hydrocarbon resources, primarily in the Rocky Mountain region. The Company's principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. It focuses its drilling efforts in the Riverbend Project located in the Uinta Basin of northeastern Utah, targeting the Wasatch, Mesaverde Blackhawk, Mancos, Dakota and Morrison formations.
Message Board Search for GSX: http://www.boardcentral.com/boards/GSX
In the report, the analyst notes:
“At December 31, 2009, GSX operated 130 gross wells. The Company currently has an inventory of 34 operated wells with up-hole recompletions and has two Upper Mancos wells awaiting initial completion activities. GSX began initial operations on two Upper Mancos wells in December. Completion and recompletion operations are temporarily suspended due to the extreme cold weather conditions experienced in the field. The Company anticipates returning completion equipment to the well sites once temperatures moderate.
“Estimated cumulative net production for the quarter-ended December 31, 2009, was 998 million cubic feet equivalent (MMcfe), as compared to 1,228 MMcfe in the year-ago period, an 18.7% decrease. Estimated cumulative net production for the year-ended December 31, 2009, was 4,614 MMcfe, a decrease of 4.6% as compared to full-year 2008 net production of 4,838 MMcfe. Included in the full-year 2009 equivalent calculation is 43,628 barrels of liquid hydrocarbons, a 2.6% increase over 2008 liquids volumes of 42,545 barrels.”
To read the entire report visit: http://www.investorsoup.com/lp/GSX
See what investors say about GSX at penny stock forum
InvestorSoup.com is a small-cap research and investment commentary provider. InvestorSoup.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on InvestorSoup.com, please visit http://www.InvestorSoup.com.
InvestorSoup.com Disclosure
InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither InvestorSoup nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.
