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Gastar Exploration To Receive Additional Payment For Sale Of Australian Assets

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February 2, 2010

Gastar Exploration Ltd. announced that, through an affiliate, it expects to receive approximately US$12.5 million in additional after-tax consideration for the 2009 sale of its interests in PEL 238, a coal seam natural gas project in New South Wales, Australia.

Year-end reserves for the PEL 238 project disclosed this week by project operator Eastern Star Gas ...

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