Gastar Exploration Announces First Quarter 2009 Earnings Release and Conference Call Schedule

    HOUSTON, May 4 /CNW/ -- Gastar Exploration Ltd. (NYSE Amex:   GST and TSX:
YGA) announced today that it will release its first quarter 2009 results on
Monday, May 11, after the market closes.  In conjunction with the release,
Gastar has scheduled a conference call for 10:00 a.m. Eastern Time on Tuesday,
May 12, that will be broadcast live over the Internet.


    What:  Gastar's First Quarter 2009 Earnings Conference Call
    When:  Tuesday, May 12, 10:00 a.m. ET (9:00 a.m. CT)
    How:   Live via phone by dialing 480-629-9692 and asking for the Gastar
           call at least 10 minutes prior to the start time, or live over the
           Internet by logging on to the web at the address below.
    Where:  The webcast can be accessed from the
           investor relations home page.

    For those who cannot listen to the live call, a telephonic replay will be
available through May 19 and may be accessed by calling 303-590-3030, using
pass code 4068694#.  Also, an archive of the webcast will be available shortly
after the call at

    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 6.0 million gross acres controlled by Gastar and
its joint development partners in Australia's Gunnedah Basin (PEL 238, PEL 433
and PEL 434) located in New South Wales.

    Company Contact:
    Gastar Exploration Ltd.
    Michael Gerlich, Vice President and CFO
    713-739-1800 /

    Investor Relations Counsel:
    Lisa Elliott / Anne Pearson
    DRG&E  : 713-529-6600 /


For further information:

For further information: Company, Michael Gerlich, Vice President and
CFO of Gastar Exploration Ltd., +1-713-739-1800,; 
Investor Relations Counsel, Lisa Elliott,, or Anne Pearson,, +1-713-529-6600, both of DRG&E for Gastar Exploration Ltd.
Web Site:

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