Imperial Capital Raises Price Target on Gastar Exploration (GST) Following Announced Transactions
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Gastar Exploration Announces Oklahoma Development Agreement in Kingfisher County, Non-Core Canadian County Property Sale and Revolving Credit Facility Amendment
October 20, 2016 6:14 AM EDTHOUSTON, Oct. 20, 2016 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar" or the "Company") announced that it has executed a definitive agreement with a large private global investment fund ("Investor") to jointly develop up to 60 Gastar operated wells in the STACK Play in Kingfisher County, Oklahoma ("Development Agreement"). The drilling program ("Drilling Program") will target the Meramec and Osage formations within the Mississippi Lime on a contract area within three townships covering approximately 18,000 undeveloped net mineral acres under leases held by Gastar. Gastar will be the operator of all wells jointly developed... More
