Showing posts with label Gastar Investigation reports bringing on deal to a close of non-center Oklahoma resources. Show all posts
Showing posts with label Gastar Investigation reports bringing on deal to a close of non-center Oklahoma resources. Show all posts

Wednesday, July 8, 2015

Gastar Investigation reports bringing on deal to a close of non-center Oklahoma resources

Gastar Investigation reports bringing on deal to a close of non-center Oklahoma resources

Tuesday, Jul 07, 2015

Gastar Investigation Inc. (NYSE MKT: GST) ("Gastar") reported today that it has finished the offer of certain non-center resources in Oklahoma to an undisclosed private outsider for an aggregate of $46.1 million of net continues. The deal was beforehand declared on May 6, 2015 and has a powerful date of April 1, 2015.

J. Russell Watchman, Gastar's Leader and CEO, remarked, "We are satisfied to close this exchange as it further fortifies our monetary record and liquidity position to execute our capital system."

About Gastar Investigation

Gastar Investigation Inc. is a free vitality organization occupied with the investigation, improvement and generation of oil, condensate, regular gas and normal gas fluids in the United States. Gastar's chief business exercises incorporate the recognizable proof, procurement, and resulting investigation and improvement of oil and regular gas properties with an accentuation on whimsical stores, for example, shale asset plays. In Oklahoma, Gastar is building up the fundamentally oil-bearing repositories of the Hunton Limestone flat play and hopes to test other forthcoming arrangements on the same land, including the Woodford Shale and the Meramec Shale (Mississippi Lime), which Gastar alludes to as the Stack Play. In West Virginia, Gastar is creating fluids rich normal gas in the Marcellus Shale and has penetrated and finished its initial two effective dry gas Utica Shale/Point Charming wells on its real esatate.

For more data, please visit : http://www.gastar.com

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