Gastar Exploration Announces Initial Production Rate From Recent Well Completion



    HOUSTON, June 1 /CNW/ -- Gastar Exploration Ltd. (NYSE Amex:   GST and TSX:
YGA) today announced that it has completed the Wildman Trust #5 well in one
lower Bossier zone at a restricted gross sales rate of approximately 15 MMcfd
with over 12,000 psi of flowing casing pressure.  Gastar successfully drilled
the Wildman Trust #5 well, a lower Bossier test, to a total depth of 19,000
feet and has logged approximately 60 net feet of pay in five lower Bossier and
one middle Bossier zones.  Gastar owns a 66.7% working interest before payout
(54.5% net revenue interest before payout) in the Wildman Trust #5.

    "The Wildman Trust #5 well is completed in only the deepest lower Bossier
zone and the sales rate is being restricted," commented J. Russell Porter,
Gastar's President and Chief Executive Officer.  "The zone currently completed
has tested at over 25 MMcfd and is capable of higher rates.  As a result of
the high rate capable from this zone, we have decided to delay any further
completions on the well and will reserve the deliverability available from the
behind pipe zones to be produced when natural gas prices are more attractive. 
The Wildman Trust #5 was drilled and completed for approximately $9.5
million."
    

    About Gastar Exploration
    
    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 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 Marcellus Shale play in West Virginia and Pennsylvania.
 Gastar's CBM activities are conducted within the Powder River Basin of
Wyoming and concentrated on more than 6 million gross acres controlled by
Gastar and its joint development partner in Australia's Gunnedah Basin (PEL
238, PEL 433 and PEL 434) located in New South Wales.  For more information,
visit our web site at www.gastar.com.
    

    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 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 news release.  These include risks inherent in the drilling
of natural gas and oil wells, including risks of fire, explosion, blowouts,
pipe failure, casing collapse, unusual or unexpected formation pressures,
environmental hazards, and other operating and production risks inherent in
the 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
natural gas and oil prices, a material decline in which could cause Gastar 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
Gastar's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other
filings with the SEC at www.sec.gov and on the System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com.

    The NYSE Alternext US LLC 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 / rporter@gastar.com
    

    
    Investor Relations Counsel:
    Lisa Elliott / Anne Pearson
    DRG&E  : 713-529-6600
    lelliott@drg-e.com / apearson@drg-e.com




    




For further information:

For further information: J. Russell Porter, Chief Executive Officer of
Gastar Exploration Ltd., +1-713-739-1800, rporter@gastar.com; or Investor
Relations Counsel, Lisa Elliot, lelliott@drg-e.com, or Anne Pearson,
apearson@drg-e.com, both of DRG&E, +1-713-529-6600, for Gastar Exploration
Ltd. Web Site: http://www.gastar.com/

Organization Profile

GASTAR EXPLORATION LTD.

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