HOUSTON, May 4, 2012 /PRNewswire/ -- Gastar
Exploration Ltd. (NYSE Amex: GST) (the "Company") announced today
that Gastar Exploration USA, Inc.,
the wholly-owned subsidiary of the Company, has declared a monthly
cash dividend on its 8.625% Series A Preferred Stock ("Series A
Preferred Stock") for May 2012.
The dividend on the Series A Preferred Stock is payable on
May 31, 2012 to holders of record at
the close of business on May 15,
2012. The May 2012 dividend
payment will be an annualized 8.625% per share, which is equivalent
to $0.179688 per share, based on the
$25.00 per share liquidation
preference of the Series A Preferred Stock. The Series A
Preferred Stock is currently listed on the NYSE Amex and trades
under the ticker symbol "GST.PRA."
About Gastar Exploration
Gastar Exploration Ltd. is an independent company
engaged in the exploration, development and production of natural
gas and oil in the United States. Our principal business
activities include the identification, acquisition, and subsequent
exploration and development of natural gas and oil properties with
an emphasis on unconventional reserves, such as shale resource
plays. We are currently pursuing the development of liquids-rich
natural gas in the Marcellus Shale in the Appalachia area of
West Virginia and, to a lesser
extent, central and southwestern Pennsylvania. We also hold prospective acreage
in the deep Bossier play in the Hilltop area of East Texas.
For more information, visit our web site at
www.gastar.com.
Safe Harbor Statement and
Disclaimer
This news release includes "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Act of 1934, as amended.
A statement identified by the words "expects," "projects," "plans,"
and certain of the other foregoing statements may be deemed
forward-looking statements. Although the Company 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 news
release.
Contacts:
Gastar Exploration Ltd.
J. Russell Porter, Chief Executive
Officer
713-739-1800 / rporter@gastar.com
Investor Relations Counsel:
Lisa Elliott / Anne Pearson
DRG&L: 713-529-6600
lelliott@drg-l.com / apearson@drg-l.com
SOURCE Gastar Exploration Ltd.