Gastar Exploration Announces Senior Secured Notes Offering

    HOUSTON, November 9 /CNW/ - Gastar Exploration Ltd. (AMEX:  GST)(TSX:YGA)
today announced that its wholly owned subsidiary, Gastar Exploration USA,
Inc., is offering $100 million of new senior secured notes due 2012 (the
"Notes"). The net proceeds of the offering will be used to repay existing
indebtedness and for general corporate purposes.

    The Notes have not been and will not be registered under the Securities
Act of 1933, as amended (the "Act"), and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of the Act and applicable state laws.

    This announcement does not constitute an offer to sell, or the
solicitation of offers to buy, any security and shall not constitute an offer,
solicitation or sale of any security in any jurisdiction in which such offer,
solicitation or sale would be unlawful.

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

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 Anne Pearson,

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