Gastar Exploration, Ltd.

Gastar Exploration, Ltd.

March 30, 2005 17:20 ET

Gastar Exploration, Ltd. Files 2004 Annual Information Form


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GASTAR EXPLORATION, LTD.

TSX SYMBOL: YGA
OTC Bulletin Board SYMBOL: GSREF

MARCH 30, 2005 - 17:20 ET

Gastar Exploration, Ltd. Files 2004 Annual Information
Form

MT. PLEASANT, MICHIGAN--(CCNMatthews - March 30, 2005) - Gastar
Exploration, Ltd. (TSX:YGA) (OTCBB:GSREF) today filed its Annual
Information Form which includes Gastar's reserves data and other oil and
gas information for the year ended December 31, 2004 as mandated by
National Instrument 51-101 Standards of Disclosure for Oil and Gas
Activities of the Canadian Securities Administrators. Copies of Gastar's
Annual Information Form may be obtained on www.sedar.com or by
contacting the email or address set forth below.

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
low-risk CBM development with select higher risk, deep natural gas
exploration prospects. Gastar's CBM activities are conducted within the
Powder River Basin of Wyoming and upon approximately 4 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. The Company owns and controls
exploration and development acreage in the Deep Bossier Hilltop Sand gas
play of East Texas and in the deep Trenton-Black River play in the
Appalachian Basin.

Safe Harbor Statement and Disclaimer

This Press Release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Act of 1934. A statement identified by the words
"expects," "projects," "plans," and certain of the other foregoing
statements may be deemed "forward-looking statements." Although Gastar
believes that the expectations reflected in such forward-looking
statements are reasonable, these statements involve risks and
uncertainties that may cause actual future activities and results to be
materially different from those suggested or described in this press
release. These include risks inherent in the drilling of oil and natural
gas wells, including risks of fire, explosion, blowout, pipe failure,
casing collapse, unusual or unexpected formation pressures,
environmental hazards, and other operating and production risks inherent
in oil and natural gas drilling and production activities, which may
temporarily or permanently reduce production or cause initial production
or test results to not be indicative of future well performance or delay
the timing of sales or completion of drilling operations; risks with
respect to oil and natural gas prices, a material decline in which could
cause the Company to delay or suspend planned drilling operations or
reduce production levels; and risks relating to the availability of
capital to fund drilling operations that can be adversely affected by
adverse drilling results, production declines and declines in oil and
gas prices and other risk factors as described in the Company's Annual
Information Form filed as of March 30 2005, on the System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Gastar Exploration, Ltd.
    J. Russell Porter
    or
    Gastar Exploration, Ltd.
    2480 West Campus Drive, Bldg C
    Mt. Pleasant, MI 48858
    (989) 773-7050
    (989) 773-0006 (FAX)
    Email: rporter@gastar.com
    Website: www.gastar.com
    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.