Gastar Exploration Ltd.
AMEX : GST
TSX : YGA

April 10, 2006 12:44 ET

Gastar Exploration Ltd. to Present at IPAA Oil and Gas Investment Symposium

HOUSTON--(CCNMatthews - Apr 10, 2006) -

Gastar Exploration Ltd. (AMEX:GST) (TSX:YGA) announced today that J. Russell Porter, President and CEO of Gastar Exploration Ltd., will present at the Independent Petroleum Association of America (IPAA) Annual Oil and Gas Investment Symposium (OGIS) to be held in New York, NY from Monday, April 10, 2006 through Wednesday, April 12, 2006.

Mr. Porter will be presenting Tuesday, April 11, 2006 at 10:55 a.m. (Eastern Time). Gastar's presentation will be webcast live and can be accessed via the following link: http://www.vcall.com/CEPage.asp?ID=102956. Slides of the presentation will be available on Gastar's website at www.gastar.com.

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 lower 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.

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 natural gas and oil 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 natural gas and oil 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 natural gas and oil prices and other risk factors described in the Company's Annual Report on Form 10-K, as filed on March 31, 2006 with the United States Securities and Exchange Commission at www.sec.gov and on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

The American Stock Exchange and Toronto Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gastar Exploration Ltd., Houston
    J. Russell Porter, 713-739-1800
    rporter@gastar.com
    713-739-0458 (FAX)