Gastar Exploration Ltd. to Present at the Johnson Rice Emerging Growth Energy Conference

    HOUSTON, March 19 /CNW/ - Gastar Exploration Ltd. (AMEX:  GST) (TSX:YGA)
announced today that J. Russell Porter, President and CEO of Gastar
Exploration Ltd., will present at the Johnson Rice Emerging Growth Energy
Conference to be held in New York, NY, on Tuesday, March 20, 2007. Mr. Porter
will be presenting at 10:30 a.m. (Eastern Time).

    The Johnson Rice Emerging Growth Energy Conference is an annual
conference featuring presentations by fast-growing energy companies with
market capitalizations below $1.0 billion. Gastar Exploration Ltd. is among
sixteen companies presenting at this one-day event. Mr. Porter's presentation
will be webcast live and can be accessed via the following link:

    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 operates 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 on approximately 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, located in Victoria.

    Safe Harbor Statement and Disclaimer

    The United States Securities and Exchange Commission (the "SEC") has
generally permitted natural gas and oil companies, in their filings with the
SEC, to disclose only proved reserves that a company has demonstrated by
actual production or conclusive formation tests to be economically and legally
producible under existing economic and operating conditions. We use the terms
"resources", "gas-in-place", "gross potential", or other descriptions of
volumes of hydrocarbons that the SEC guidelines may prohibit us from including
in filings with the SEC. Estimates of natural gas resources or gas-in-place do
not reflect volumes that are demonstrated as being commercially or technically
recoverable. Even if commercially or technically recoverable, a significant
recovery factor would be applied to these volumes to determine estimates of
volumes of proved reserves. Accordingly, these estimates are by their nature
more speculative than estimates of proved reserves and accordingly are subject
to substantially greater risk of being actually realized by the Company. The
methodology for estimating gas-in-place or resources may also be different
than the methodology and guidelines used by the Society of Petroleum

    This presentation 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 press 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 the
Company 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 the Company's Annual Report on Form 10-K, as filed on
March 31, 2006 with the SEC at and on the System for Electronic
Document Analysis and Retrieval (SEDAR) at

    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

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