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(GST, CRWE, FPP, GMO) Stock Report from Stock-PR.com

December 21st, 2011 at 09:36 am

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Gastar Exploration Ltd. (Amex:GST) provided an operational update on recent activities in Marshall County, West Virginia within the Marcellus shale area. Gastar's first two productive Marcellus shale wells, the Wengerd 1H and Wengerd 7H, continue to exhibit strong production rates and have averaged a combined gross sales rate of 7.3 million cubic feet per day ("MMCFD") of natural gas along with 448 barrels of natural gas liquids ("NGLs") per day and 255 barrels of condensate per day ("BCPD") over the most recent 14 days of unrestricted production. Gastar owns a 44.5% working interest (37.6% net revenue interest) in the Wengerd wells.

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