HOUSTON, December 13 /CNW/ - Gastar Exploration Ltd. (AMEX: GST) and
(TSX:YGA) (the "Company") announced that Thomas L. Crow had advised the
Company's Board of Directors that he will resign from the Board of Directors
effective January 1, 2008 for family health reasons. Mr. Crow, age 76, has
served as a director of Gastar since April 2002, and is a member of the
Governance, Audit, Reserve, Remuneration and Nomination Committees of the
Board of Directors. There have been no disagreements or disputes between Mr.
Crow and the Company that led to his resignation. The Company will not name an
immediate replacement for Mr. Crow but expects to select or nominate a
replacement director in 2008.
J. Russell Porter, Gastar's Chairman, President and CEO, in commenting on
Mr. Crow's resignation said, "Mr. Crow has been a director of the Company
since 2002 and has been one of our most active and supportive directors during
that time. His long term interest in Gastar and active participation on the
Board of Directors has significantly benefited the Company. Mr. Crow's
knowledge of the Australian business market has been particularly beneficial
to Gastar as we have built an asset base in Southeastern Australia. He is
highly respected by all of us at Gastar and will be greatly missed."
Mr. Crow commented, "My decision to resign from the Board of Gastar is
based solely upon personal and family reasons, and I have no intention of
selling my Gastar shares. It has been a pleasure to work with Gastar and the
other Board members over the past five years. I am proud to have been part of
the Company's progress and growth and wish the Company, its management and
employees continued success in the future."
The American Stock Exchange and the Toronto Stock Exchange have not
reviewed and do not accept responsibility for the adequacy or accuracy of this
For further information:
For further information: Gastar Exploration Ltd., Houston Michael
Gerlich, 713-739-1800 Vice President and CFO email@example.com or Investor
Relations Counsel: DRG&E Lisa Elliott or Anne Pearson, 713-529-6600
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