Gastar Exploration Announces Continued Marketing of Public Offering of 36,500,000 Common Shares
20 5월 2009 - 12:19AM
PR Newswire (US)
HOUSTON, May 19 /PRNewswire-FirstCall/ -- Gastar Exploration Ltd.
(the "Company") (NYSE Amex: GST and TSX: YGA) today announced that
it is continuing to market its previously announced underwritten
public offering of 36,500,000 common shares to purchasers in the
United States. The Company intends to price the offering prior to
or following the close of trading on the NYSE Amex on May 19, 2009
or at a later date of its choice. Johnson Rice & Company L.L.C.
is acting as the sole underwriter of the offering. The offering
will be made by means of a prospectus supplement and accompanying
base prospectus, copies of which may be obtained from Johnson Rice
& Company L.L.C., at 639 Loyola Avenue, Suite 2775, New
Orleans, LA 70113, or by phone at (504) 525-3767. An electronic
copy of the preliminary prospectus supplement and accompanying base
prospectus may also be obtained at no charge at the U.S. Securities
and Exchange Commission's website at http://www.sec.gov/. Before
you invest, you should read the prospectus and the prospectus
supplement, the registration statement, the documents incorporated
by reference therein and other documents that the Company has filed
with the U.S. Securities and Exchange Commission for more complete
information about the Company and this offering. This news release
does not constitute an offer to sell or a solicitation of an offer
to buy the securities described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction. The offering may be made only by means of a
prospectus and related prospectus supplement, which form part of a
filed and effective registration statement on Form S-3. About
Gastar Exploration Gastar Exploration Ltd. is an independent energy
and production company focused on finding and developing natural
gas assets in North America and Australia. The Company pursues a
strategy combining deep natural gas exploration and development
with lower risk CBM and shale resource development. The Company
owns and operates exploration and development acreage in the deep
Bossier gas play of East Texas and the Marcellus Shale play in West
Virginia and Pennsylvania. The Company's CBM activities are
conducted within the Powder River Basin of Wyoming and concentrated
on more than 6.0 million gross acres controlled by the Company and
its joint development partners in Australia's Gunnedah Basin,
located in New South Wales. Safe Harbor Statement and Disclaimer
This news 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 the Company 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 news release. The NYSE Amex and
Toronto Stock Exchange have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release.
Company Contact: Gastar Exploration Ltd. J. Russell Porter, Chief
Executive Officer 713-739-1800 / Investor Relations Counsel: Lisa
Elliott / Anne Pearson DRG&E : 713-529-6600 / DATASOURCE:
Gastar Exploration Ltd. CONTACT: J. Russell Porter, Chief Executive
Officer of Gastar Exploration Ltd., +1-713-739-1800, ; or Investor
Relations Counsel, Lisa Elliott, , or Anne Pearson, , both of
DRG&E, +1-713-529-6600, for Gastar Exploration Ltd.
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