Gasco Energy — Investor Presentation (October 2001)
22 slides from Gasco Energy's investor presentation, Oct 26, 2001
Slide 1: Corporate Presentation
Corporate Presentation OTCBB: GASE
Slide 2: We usually find natural gas in new places with old ideas
We usually find natural gas in new places with old ideas. Sometimes, also, we find natural gas in an old place with anew idea, but we seldom find much natural gas in an old place with an old idea. Several times in the past we have thought that we were running out of natural gas, whereas actually we
Slide 3: Our mission
GASCO/* Energy Our mission is... to create shareholder value through the generation and development of high- potential exploitation prospects.
Slide 4: Profile
Profile 4 ¢ Management & technical team capable of growing GASE ¢ Niche focused player = Uinta and Greater Green River basins = Multiple opportunities for drill bit success = Development agreements with Phillips Petroleum and Burlington Resources ¢ New player with strong balance sheet = Raised more
Slide 5: Senior Management Team
Senior Management Team 4 The team helped build E&P companies with combined market capitalization > $1 billion. = Marc Bruner, Chairman; co-founded Ultra Petroleum (UPL) and Pennaco Energy* = Mark Erickson, President & CEQ, co-founded Pennaco Energy = Michael Decker, EVP & COO, former VP of Exploitat
Slide 6: Corporate Strategy
Corporate Strategy ¢ Capitalize on increased demand for natural gas ¢ Acquire and develop large plays ¢ Reduce risks through strategic industry alliances ¢ Keep financing options open ¢ Growth through the drill-bit
Slide 7: Natural Gas Industry - At a Cross Road
Natural Gas Industry - At a Crass Road i) Field Size Smaller, Field Life Shorter Befd GTI Production Target Who Will Fill The Natural Gas Soure: Potential Supply af Natural Gas in the United States-Rleport of the Potential Gas Committee (December 31, 2600), March 2001, Total wet gas production forec
Slide 8: How Will We Meet The Consumption Demand?
How Will We Meet The Consumption Demand? Resource Estimates in the US Regional Gas Potential & % Restricted *Source: US Geologic Survey & Potential Gas Committee
Slide 9: Known Basin-Center Natural Gas Areas
Known Basin-Center Natural Gas Areas RIVERBEND. AREA Uinta, UT Big Horn, Wy Powder River, WY Green River, WY Washakie, WY Wind River, WY Sand Wash, CO Piceance, CO DJ, co San Juan, NM Anadarko, OK Arkoma, OK Attributes Common to All Basin-Centered Gas Accumulations: Not a Unique Resource 4+ Regional
Slide 10: Areas of Interest
Areas of Interest Riverbend Project, Uinta Basin (Utah) ‘+ Basin centered, tight sants ‘+ Wasatch Formation 4,000.8, 000 ft 4+ Msaverde Form ation 8500-12, 500 ft + fltive Players Phillips petroleum (F), E06 Resources (E06), 1 Paso (EPG), Dominion Resources (OPCI, Questar (STR) Green River Basin Nor
Slide 11: Gasco's Riverbend Project
Gasco’s Riverbend Project Summary 159,000 grass acres Pecum ulated priar to recent industry activity Low risk Wasatch development High potential Mesaverde Riverbend Project WY mT
Slide 12: Riverbend Project, Uinta Basin, Utah - Wasatch Development Area
Riverbend Project, Uinta Basin, Utah Wasatch Development Area Summary * 6,000 Gross Acres + GASCO Operated mone © Average 87.6% Wi © - Development Well + 100 (approx.) Gross Locations + S950M Well Cost _ + 08 BeteAWell” © PY (10%) = $780M/Well* = s0.98/Mc* ¢ Risk: Low “NSAI “Most Likely’ at $4.41 NY
Slide 13: Riverbend Project, Uinta Basin, Utah - Mesaverde Project Area
Riverbend Project, Uinta Basin, Utah Mesaverde Project Area Summary ‘© 159,000 Gross antes; 77,000 Net acres ¢ 50,000 acres GASCO Operated, Average 48% WI ©1,711 Locations” © Other operators; Phillips, EOG, Coastal, El Paso, Dominion © 20 Bof/Well” © PY(IO%) = s236MPWell” = s0.48/Moi* "NSAI “Most Li
Slide 14: Riverbend Project, Uinta Basin, Utah
Riverbend Project, Uinta Basin, Utah GASCO 4 Mesaverde Project Area E 8 Key Pipelines oe Leases Wilts & Locations 85 Drilled - 1 Dry Hole 18 months ended 9/12/01
Slide 15: Green River Basin, Wyoming - North Jonah Project
Green River Basin, Wyoming North Jonah Project Summary + Exploration Agreement with Burlington Resources (60% , Operator), Gasco (25%) Pinedale Anticline North Jonah Project + 332,000 Acre AMI ¢ Gasco Contribution: 36,000 Gross Acres 14,700 Acres (Drill to Earn) + Burlington Resources 180 Miles 2D S
Slide 16: Green River Basin, Wyoming - North Jonah Project
Green River Basin, Wyoming North Jonah Project &® ose &® or rei [teases (Adaitional driling required to earn some leases) 16
Slide 17: Close Proximity to Major Pipelines
Close Proximity to Major Pipelines [4 Northwest (WA) North Jonah Project Trail Blazer (Mid West) > Quettaricié (UT, wy {Kern River (CA) EI Paso (CA) Pony Express id] West) ra CIG (CO) 7
Slide 18: Pro Forma Balance Sheet
Pro Forma Balance Sheet Assets Cash Oil/Gas Properties Other Total Assets Liabilities & Stockholder Equity Total Liability Shareholder’s Equity Retained Earnings (Deficit) Net Equity Total Liabilities & Shareholder’s Equity Actual 2000 $870,000 $ 2,120,000 $0 $ 2,990,000 $975,000 $ 3,165,000 ($ 1,15
Slide 19: Why Invest in Gasco Energy?
Why Invest in Gasco Energy? Market Cap in millions $1200 81,00 $800 $400 $150 $0 Composite year year? years yeara years year year? yeare 19
Slide 20: Why Invest in Gasco Energy?
Why Invest in Gasco Energy? ¢ Large gas resource ¢ Ground-floor opportunity ¢ Proven oil and gas finders ¢ Equity raised $25.8mm, strong balance sheet ¢ Strong Industry Partners 20
Slide 21: Contact information
14 Inverness Drive East, Suite H-236 Englewood, CO 80112-5625 www.gascoenergy.com Phone: 303-483-0044 + Fax: 303-483-0011 Investor Information: 1-800-645-9254 OTCBB: GASE October 2001
Slide 22: Forward-Looking Statements
Forward-Looking Statements + Allvwritten ard oral statements contained in this Corporate Presentation that are not historical facts are forward-bokirg statements ‘within the meanhg of the Federal securities laws. The forward colt statements are based on the current beliefs ad expectations of the Com