Gastar Exploration (GST) Reports Q2 Loss of $0.05/Share

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Go back to Gastar Exploration (GST) Reports Q2 Loss of $0.05/Share

Gastar Exploration Announces Second Quarter 2017 Results

August 3, 2017 4:15 PM EDT

HOUSTON, Aug. 3, 2017 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar" or the "Company") today reported financial and operating results for the three and six months ended June 30, 2017.

Second quarter 2017 highlights include:

Average daily production of 6,100 barrels of oil equivalent ("Boe") per day ("Boe/d"), exceeding high-end of guidance by 2% Production volumes comprised of 73% liquids, in line with high-end of guidance Mid-year proved reserves increased 18% over year-end 2016 proved reserves Completion of the conversion of $37.5 million of convertible notes into 25,456,521 common... More