Gastar Exploration Announces Second Quarter Earnings and Conference Call Schedule

    HOUSTON, August 9 /CNW/ - Gastar Exploration Ltd. (AMEX:  GST) and
(TSX:YGA) announced today that it will release second quarter 2007 results on
Tuesday, August 14, 2007 after the market closes. In conjunction with the
release, Gastar has scheduled a conference call, which will be broadcast live
over the Internet, for Wednesday, August 15, 2007 at 11:00 a.m. Eastern Time
(10:00 a.m. Central).


       What:  Gastar's Second Quarter 2007 Earnings Conference Call
       When:  Wednesday, August 15, 2007 - 11:00 a.m. Eastern Time
       How:   Live via phone - By dialing (303) 262-2137 and asking for
               the Gastar call at least 10 minutes prior to the start
              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 August 22, 2007, and may be accessed by calling (303)
590-3000, using pass code 11094959. Also, an archive of the webcast will be
available shortly after the call on the Company's website at
for at least 90 days.

    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 low-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 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), located in Victoria.

For further information:

For further information: Gastar Exploration Ltd. Michael Gerlich,
713-739-1800 Vice President and CFO or Investor Relations
Counsel: DRG&E  Lisa Elliott, 713-529-6600 or Anne Pearson,

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