Gastar Exploration Ltd. Appoints Additional Independent Director



    Company to Regain Compliance with AMEX Rules

    HOUSTON, April 4 /CNW/ - Gastar Exploration Ltd. (AMEX:  GST)(TSX:YGA)
today announced that the Board of Directors has appointed John M. Selser Sr.
as a member of the Board of Directors and member of the Audit Committee, thus
bringing the Company in compliance with the AMEX's audit committee
requirements. Mr. Selser will stand for election to the Board of Directors at
the Annual Meeting of Shareholders to be held June 1, 2007. Mr. Selser is a
partner at Maple Leaf Partners, a Baton Rouge, Louisiana-based hedge fund. He
has over 20 years of natural gas and oil exploration and production industry
experience both as a petroleum engineer and as an energy equity analyst for
several sell-side firms. Mr. Selser holds a Bachelor of Science in both Civil
Engineering and Petroleum Engineering from Louisiana State University, Baton
Rouge, Louisiana, and a Masters of Business Administration from Tulane
University, New Orleans, Louisiana.

    The appointment of Mr. Selser was the result of an independent director
search that the Company had initiated this year and brings Gastar back in
compliance with American Stock Exchange (AMEX) rules. The Company had
previously notified the AMEX that it was in non-compliance with a stock
exchange corporate governance rule requiring that at least three independent
directors serve on the Company's audit committee. The Company had only two
independent directors serving on the committee due to the decision of a former
director not to stand for reelection at the Company's 2006 Annual Meeting of
Shareholders. On March 29, 2007, Gastar received a warning letter from the
AMEX regarding non-compliance with AMEX's audit committee requirements, as set
forth in the AMEX Company Guide. Commencing on or about March 30, 2007 until
the Company is officially notified that it has regained compliance with the
AMEX requirement, the Company's common stock will trade under the symbol
"GST.BC".

    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 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. Gastar's CBM activities are conducted within
the Powder River Basin of Wyoming and upon the approximate 3.0 million gross
acres controlled by Gastar and its joint development partners in Australia's
Gunnedah Basin (PEL 238), located in New South Wales and the Gippsland Basin
(EL 4416) in Victoria.

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




For further information:

For further information: Gastar Exploration Ltd., Houston J. Russell
Porter, 713-739-1800 Fax: 713-739-0458 rporter@gastar.com www.gastar.com

Organization Profile

GASTAR EXPLORATION, LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890