SOURCE: Gastar Exploration, Ltd.

August 12, 2005 15:56 ET

Gastar Announces Filing of U.S. Registration Statement on Form S-1

HOUSTON, TX -- (MARKET WIRE) -- August 12, 2005 -- Gastar Exploration Ltd. (TSX: YGA) (OTC: GSREF) announced today that it has filed a Registration Statement on Form S-1 with the United States Securities and Exchange Commission to register resales of Gastar common shares held by certain unrelated shareholders, or issued pursuant to conversion of the Company's senior unsecured convertible notes and/or the exercise of warrants issued in connection with previous financings. The shares are being registered for future sales which may be made from time to time by the selling shareholders. None of the shares being registered are being sold by Gastar and Gastar will not receive any proceeds from the sale of any of the shares that have been registered should the Form S-1 Registration Statement become effective. This is the first registration statement filed by Gastar with the U.S. Securities and Exchange Commission.

Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. The Company pursues a balanced strategy combining select higher risk, deep natural gas exploration prospects with low-risk coal bed methane (CBM) development. The Company owns and controls exploration and development acreage in the Deep Bossier gas play of East Texas and in the deep Trenton-Black River play in the Appalachian Basin. Gastar's CBM activities are conducted within the Powder River Basin of Wyoming and upon the approximate 3.5 million acres controlled by Gastar and its Joint Development partners in Australia's Gunnedah Basin, PEL 238 and Gastar's Gippsland Basins located in New South Wales and Victoria respectively.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Contact Information:

    Gastar Exploration, Ltd.
    1331 Lamar, Suite 1080
    Houston, TX 77010
    (713) 739-1800
    FAX (713) 739-0458
    Attention J. Russell Porter
    E-Mail: Email Contact