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): November 7, 2007 (November 7, 2007) GASTAR EXPLORATION LTD. (Exact Name of Registrant as Specified in Its Charter) ALBERTA, CANADA 001-32714 38-3324634 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) 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): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) SECTION 2 - FINANCIAL INFORMATION ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On November 7, 2007, Gastar Exploration Ltd. (the "Company") issued a press release containing the results of operations for the three and nine months ended September 30, 2007. A copy of the Company's press release, dated November 7, 2007, including such information is included herein as Exhibit 99.1 hereto and is being furnished solely pursuant to, this Item 2.02. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibits (furnished pursuant to Item 2.02 and not deemed filed with the Securities and Exchange Commission). Exhibit No. Description of Document - ----------- ------------------------------------------------------------------ 99.1 Press release dated November 7, 2007 reporting results of operations for the three and nine months ended September 30, 2007. SIGNATURES 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. Date: November 7, 2007 By: /s/ J. RUSSELL PORTER ------------------------------------- J. Russell Porter Chairman, President and Chief Executive Officer EXHIBIT INDEX Exhibit No. Description of Document - ----------- ------------------------------------------------------------------ 99.1 Press release dated November 7, 2007 reporting results of operations for the three and nine months ended September 30, 2007.