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Last updated on April 17, 2014 at 15:50 EDT

Latest Gastar Exploration Ltd. Stories

2013-06-07 16:21:31

HOUSTON, June 7, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today that it has closed its previously announced acquisition of proven reserves and undeveloped leasehold interests in Kingfisher and Canadian Counties, Oklahoma from Chesapeake Energy Corporation ("Chesapeake"), repurchase of 6,781,768 outstanding shares of the Company's common stock currently held by Chesapeake and settlement of all litigation. The purchase price of $84 million,...

2013-06-05 12:25:38

HOUSTON, June 5, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today that the closing of the previously announced sale of Gastar's East Texas properties to Cubic Energy has been extended to June 28, 2013 with a termination date of July 12, 2013 in order to allow Cubic Energy additional time to finalize financing for the transaction. As compensation for the extension of the closing date, the parties have agreed to reduce certain identified due diligence...

2013-06-04 08:22:10

HOUSTON, June 4, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today that Gastar Exploration USA, Inc., the wholly-owned subsidiary of Gastar, has declared a monthly cash dividend on its 8.625% Series A Preferred Stock ("Series A Preferred Stock") for June 2013. The dividend on the Series A Preferred Stock is payable on July 1, 2013 to holders of record at the close of business on June 14, 2013. The June 2013 dividend payment will be an annualized 8.625%...

2013-05-10 12:21:58

HOUSTON, May 10, 2013 /PRNewswire/ -- Gastar Exploration USA ("Gastar USA"), a subsidiary of Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today the private placement of $200 million aggregate principal amount of senior secured notes due 2018 (the "Notes"). The 8.625% Notes were priced at par. The sale of the Notes is expected to close on May 15, 2013, subject to customary closing conditions. Gastar USA intends to use the net proceeds from the offering of the Notes to (i)...

2013-05-07 08:23:37

HOUSTON, May 7, 2013 /PRNewswire/ -- Gastar Exploration USA ("Gastar USA"), a subsidiary of Gastar Exploration Ltd. (NYSE MKT: GST) (the "Parent") announced today that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of senior secured notes due 2018 in a private placement to eligible purchasers (the "Offering"). Gastar USA intends to use the net proceeds from the Offering to (i) finance the purchase price for its separately...

2013-05-03 08:22:00

HOUSTON, May 3, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today that Gastar Exploration USA, Inc., the wholly-owned subsidiary of Gastar, has declared a monthly cash dividend on its 8.625% Series A Preferred Stock ("Series A Preferred Stock") for May 2013. The dividend on the Series A Preferred Stock is payable on May 31, 2013 to holders of record at the close of business on May 15, 2013. The May 2013 dividend payment will be an annualized 8.625% per...

2013-05-02 16:23:05

Production increased 36% from first quarter 2012 to 40.5 MMcfe per day HOUSTON, May 2, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) today reported financial and operating results for the three months ended March 31, 2013. Net loss attributable to Gastar's common shareholders for the first quarter of 2013 was $4.6 million, or $0.07 per share. Excluding the impact of an unrealized hedging loss of $9.6 million and a litigation settlement expense of $1.0 million,...

2013-04-26 12:22:34

HOUSTON, April 26, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) announced today that it will release its first quarter 2013 results on Thursday, May 2, 2013 after the market closes. In conjunction with the release, Gastar has scheduled a conference call for 10:00 a.m. Eastern Time on Friday, May 3. Investors may participate in the call either by phone or audio webcast. By Phone: Dial 1-888-450-9962 at least 10 minutes before the call. A...

2013-04-22 12:24:20

HOUSTON, April 22, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) today announced that it has entered into a definitive agreement to sell its East Texas assets to Cubic Energy, Inc. (NYSE MKT: QBC) for $46.0 million, subject to customary closing adjustments. The transaction is expected to close on or before June 5 2013, with a property sale effective date of January 1, 2013. "This sale allows Gastar to redeploy capital to our higher return projects in the Marcellus Shale and...

2013-04-08 08:23:04

HOUSTON, April 8, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) today announced that the Company will be presenting at the 2013 IPAA Oil and Gas Investment Symposium to be held on April 15 - 17, 2013, at the Sheraton New York Hotel and Towers in New York City. J. Russell Porter, President and Chief Executive Officer, will make a presentation on Tuesday, April 16 at 11:45 a.m. Eastern Time. To listen to an audio webcast of the presentation and view accompanying...