UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 28, 2011 (February 28, 2011)
GASTAR EXPLORATION LTD.
(Exact Name of Registrant as Specified in its Charter)
| ALBERTA, CANADA | 001-32714 | 98-0570897 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1331 LAMAR STREET, SUITE 1080
HOUSTON, TEXAS 77010
(Address of principal executive offices)
(713) 739-1800
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION 7 – REGULATION FD
Item 7.01 Regulation FD Disclosure
On February 28, 2011, Gastar Exploration Ltd. (the “Company”) announced that it and its joint venture partner, Atinum Marcellus I LLC (“Atinum”), have leased an additional approximate 3,300 gross (1,517 net) undeveloped acres in Marshall County, West Virginia to develop the Marcellus Shale formation in an area which the Company believes is prospective for natural gas with a relatively high content of natural gas liquids and condensate. Under the joint venture agreement, the Company will pay 45% of the lease acquisition cost for a 50% interest. Initial drilling and completion activities on this acreage will be eligible for the drilling carry that is a part of the previously announced joint venture between the Company and Atinum. There are currently no proved reserves associated with this acquired acreage.
In accordance with General Instruction B.2 of Form 8-K, the information presented herein under Item 7.01 and set forth in the attached Exhibit 99.1 is deemed to be “furnished” solely pursuant to Item 7.01 of this report and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information or the Exhibit be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, each as amended.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following is a list of exhibits filed or furnished as part of this Current Report.
| Exhibit No. | | Description of Document |
| | | |
| 99.1 | | Press release dated February 28, 2011. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | GASTAR EXPLORATION LTD. |
| | | | |
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| Date: February 28, 2011 | | By: | /s/ J. RUSSELL PORTER |
| | | | J. Russell Porter |
| | | | President and Chief Executive Officer |
EXHIBIT INDEX
| Exhibit No. | | Description of Document |
| | | |
| 99.1 | | Press release dated February 28, 2011. |
