UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities Exchange Act of 1934~~

~~Date~~Securities ~~of Report~~Exchange ~~(Date~~Act of ~~earliest~~1934 ~~reported) January 31, 2007~~

~~BREK~~Date of ~~ENERGY~~report ~~CORPORATION~~ (~~Exact~~Date ~~name~~ of ~~registrant~~earliest asevent ~~specified~~reported): inOctober ~~its~~31, ~~chapter~~2007 (October 26, 2007)

Nevada	000-27753	98-0206979
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
346 Kensington High Street, London, United Kingdom		W14 8NS
(Address of principal executive offices)		(Zip Code)

BREK ENERGY CORPORATION

~~Registrant’s~~(Exact ~~telephone~~name ~~number,~~of ~~including~~Company ~~area~~as ~~code~~specified ~~011-44-77-6420-0334~~in Charter)

n/a (Former name or former address, if changed since last report)

Nevada		000-27753		98-0206979
(State or other jurisdiction of incorporation or organization)		(Commission File No.)		(IRS Employee Identification No.)

~~Check~~3388 ~~the appropriate~~Via ~~box~~Lido, ~~below~~Fourth ~~if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):~~Floor

[Newport Beach, ]California Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [X] 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))92663

~~This Form 8-K and other reports filed by Brek Energy Corporation~~ (~~the “Registrant”)~~Address ~~from time~~of toPrincipal ~~time~~Executive ~~with the Securities and Exchange Commission (collectively the “Filings”~~Offices) ~~contain~~ forward looking statements and information that are based upon beliefs of, and information currently available to, the Registrant's management as well as estimates and assumptions made by the Registrant's management. When used in the Filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Registrant or the Registrant's management identify forward looking statements. Such statements reflect the current view of the Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Registrant's industry, operations and results of operations. Additional factors that could cause the Registrant’s results to differ materially from those described in the forward-looking statements can be found in the Registrant’s Annual Report on Form 10-KSB for the fiscal year ended December 31, 2005. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

~~Page~~ 866- 1472-2987

~~INFORMATION~~(Issuer TOTelephone BEnumber) ~~INCLUDED IN REPORT~~

~~Item~~Check ~~1.01. Entry~~the ~~into~~appropriate abox ~~Material~~below ~~Definitive~~if ~~Agreement~~the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions (see General Instruction A.2 below).

Ono ~~January~~Written ~~31, 2007, the Registrant and Gasco Energy, Inc. entered into a First~~communications ~~Amendment To Agreement and Plan of Merger (the “First Amendment Agreement”)~~ pursuant to ~~which~~Rule ~~the~~425 ~~parties~~under ~~agreed to extend~~ the ~~Optional~~Securities ~~Termination~~Act ~~Date from~~(17 ~~January~~CFR ~~31, 2007 to May 31, 2007~~230. ~~See Exhibit 10.8 - First Amendment Agreement for more details.~~425)

~~Except~~o ~~as expressly~~Soliciting ~~amended~~material bypursuant ~~the~~to ~~First Amendment Agreement, all of the other terms~~Rule ~~and provisions of the Agreement and Plan of Merger continue in full force and effect. See Exhibit 2.1~~ 14a-12 ~~Agreement~~under ~~and Plan of Merger and~~ the ~~Registrant’s~~Exchange ~~Form 8-K~~Act ~~filed~~(17 ~~on September 21, 2006 for more details~~CFR240.14a-12)

~~Item~~o 9.Pre-commencement ~~Financial~~communications ~~Statements~~pursuant to ~~and~~Rule ~~Exhibits~~14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

Exhibit	Description
2.1	Agreement and Plan of Merger, dated as of September 20, 2006, by and among Gasco Energy, Inc., Gasco Acquisition, Inc. and Brek Energy Corporation, filed as an Exhibit to our Form 8-K (Current Report) filed on September 21, 2006, and incorporated herein by reference.	Filed
4.1	Voting Agreement, dated September 20, 2006, by and among Gasco Energy, Inc., Richard N. Jeffs, Gregory Pek, Ian Robinson, Michael L. Nazmack, Eugene Sweeney and Shawne Malone, filed as an Exhibit to our Form 8-K (Current Report) filed on September 21, 2006, and incorporated herein by reference.	Filed
10.8	First Amendment To Agreement and Plan of Merger, dated as of January 31, 2007, by and between Gasco Energy, Inc. and Brek Energy Corporation	Included

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

Item 1. 01 Entry into a Material Definitive Agreement.

On October 26, 2007 and October 29, 2007 we entered into subscription agreements with five individuals. Pursuant to the subscription agreements, we sold a total of 937,500 shares of our common stock at a price of $0.16 per share for total proceeds of $150,000. The individuals who subscribed to the offering and the amount of their investments were

Michael L. Nazmack	$	30,000
Ian Robinson	$	25,000
Gregory Pek	$	10,000
Shawne Malone	$	60,000
Susan Jeffs	$	25,000

Messrs. Nazmack, Robinson, Pek and Malone are directors and Ms. Jeffs is married to Mr. Richard N. Jeffs, our chief executive officer, president and a director. The offering was made pursuant to Section 4(2) of the Securities Act of 1933 inasmuch as the common stock was offered without any form of general solicitation or general advertising and the offerees had effective access to the information that registration would otherwise provide. The proceeds of the offering will be used for working capital, including the payment of expenses incurred by us in consummating the merger with Gasco Energy Inc.

Item 3.02 Unregistered Sales of Equity Securities.

See discussion under Item 1.01 above.

Item 9.01 Financial Statements and Exhibits.

10.1 Form of Subscription Agreement

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, ~~Brek~~the ~~Energy~~registrant ~~Corporation~~ has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized ~~person~~.

BREK ENERGY CORPORATION

~~By:~~/s/ Richard N. Jeffs Richard N. Jeffs, Chief Executive Officer Dated: October 31, 2007

Dated: January 31, 2007 Richard N. Jeffs - CEO & President

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Exhibit 10.8

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FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER

This First Amendment to Agreement and Plan of Merger (“First Amendment”) is made as of this 31st day of January, 2007, by and among Gasco Energy, Inc. (“Parent”), a Nevada corporation, and Brek Energy Corporation (“Company”), a Nevada corporation. Capitalized terms used in this First Amendment that are not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement (as defined below).

RECITALS:

WHEREAS, Parent, the Company and Gasco Acquisition, Inc., a Nevada corporation and a wholly owned subsidiary of Parent, have executed that certain Agreement and Plan of Merger dated as of September 20, 2006 (the “Merger Agreement”); and

WHEREAS, pursuant to Section 12.10 of the Merger Agreement, the parties hereto desire to amend the Merger Agreement.

NOW THEREFORE, the parties hereto, in consideration of the premises and of the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows:

1. Section 10.1(e) is hereby amended and restated to read in its entirety as follows:

“(e) by Parent or Company, if the Merger has not been consummated on or before May 31, 2007 (the “Optional Termination Date”); provided, however, that the right to terminate this Agreement pursuant to this Section 10.1(e) shall not be available to any party whose failure or whose Affiliates’ failure to perform in all material respect any covenant, obligation or agreement hereunder has been the cause of, or resulted in, the failure of the Merger to occur on or before such date;”

2. Except as expressly amended by this First Amendment, all of the other terms and provisions of the Merger Agreement shall continue in full force and effect.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the parties hereto have duly executed this First Amendment to be signed by their respective officers hereunto duly authorized, all as of the date first written above.

GASCO ENERGY, INC.

By:/s/ Mark A. Erickson

Name: Mark A. Erickson

Title: President and Chief Executive

BREK ENERGY CORPORATION

By:/s/ Richard N. Jeffs

Name: Richard N. Jeffs

Title: President, Chief Executive Officer and Chief Financial Officer

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