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Mr. Schmit became a Director of Gasco in October 2003 and a member of the Compensation committee since December 2004. Mr. Schmit is a portfolio manager for Crestview Capital Funds a hedge fund with over $180 million in assets under management that focuses on private placements for small public companies. From May 1997 through December 31 2004 Mr. Schmit served as Vice President of Investments for RENN Capital Group Inc. a registered investment advisor where he was a portfolio manager of closed-end funds. From September 1992 to September 1994 he practiced law with the law firm of Gibson Ochsner & Adkins in Amarillo Texas. He holds a BBA in Finance from Texas Christian University a JD from the University of Oklahoma College of Law and an LLM in International and Comparative Law from The Georgetown University Law Center. Mr. Schmit is also a director of Obsidian Enterprises Inc. Mr. Schmit was originally designated by the holders of Gasco's formerly outstanding Convertible Debentures as their representative on the Board of Directors. | 