Attached files
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| 8-K - GASTAR EXPLORATION, INC. | v181367_8k.htm |
Exhibit
99.1
 For
Immediate Release
|
NEWS
RELEASE
Gastar
Exploration Ltd.
J.
Russell Porter, Chief Executive Officer
713-739-1800 /
rporter@gastar.com
Investor
Relations Counsel:
Lisa
Elliott / Anne Pearson
DRG&E :
713-529-6600
lelliott@drg-e.com / apearson@drg-e.com
|
Gastar
Exploration Ltd. Announces Nomination of Floyd R. Price to
Board of Directors
HOUSTON,
April 15, 2010 – Gastar Exploration Ltd. (NYSE Amex: GST) is pleased to announce
that Mr. Floyd R. Price has been recommended by the Nomination Committee of
Gastar’s Board of Directors to stand for election to the Board at the Annual
General and Special Meeting of Shareholders to be held on June 3,
2010.
Mr. Price recently retired from Apache
Corporation where he most recently served as Executive Vice President and
Exploration Officer of Apache Corporation. He also held previous
positions in Apache as Executive Vice President – Eurasia, Latin America and New
Ventures, Executive Vice President – Canada, President of Apache Canada, Ltd.
and as President of Apache’s international exploration and production
subsidiaries. Mr. Price is a member of the American Association of
Petroleum Geologists and serves on the Board of Trustees for the American
Geological Institute Foundation. Mr. Price holds a Bachelors of Arts
degree in Geology from Rutgers College and a Masters of Science degree in
Geology from the University of Michigan.
J.
Russell Porter, Gastar’s President and CEO, stated, “We are honored that Floyd
Price has agreed to stand for election to Gastar’s Board of
Directors. His reputation, experience, industry knowledge and
exploration background will strengthen and complement Gastar’s existing Board of
Directors. Obviously, a person of Mr. Price’s stature within the
industry has many choices, and we are very pleased that he has agreed to
dedicate time and effort to Gastar’s ongoing activities.”
Mr. Price
also commented, “I am pleased to stand for election to Gastar’s Board of
Directors. I have followed Gastar with interest for several years and
believe that their asset base, balance sheet, strong technical focus and
talented personnel are the necessary components for success in the E&P
business. I am looking forward to working with the existing Board
members as we guide Gastar’s efforts and create shareholder value.”
About
Gastar Exploration
Gastar Exploration Ltd. is an
exploration and production company focused on finding and developing natural gas
assets in North America. 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. For more
information, visit our web site at www.gastar.com.
The NYSE Amex has not reviewed and does
not accept responsibility for the adequacy of this release.
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