Imperial Capital Raises Price Target on Gastar Exploration (GST) Following Announced Transactions

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Go back to Imperial Capital Raises Price Target on Gastar Exploration (GST) Following Announced Transactions

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 EDT

HOUSTON, 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