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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):August 7, 2007 (August 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))
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SECTION 7 - REGULATION FD
ITEM 7.01 REGULATION FD DISCLOSURE.
On August 7, 2007, the Company, updating its East Texas operation,
announced that following changes to its gas gathering system to allow gas
gathering at higher field pressures, the Donelson #3 well was flowing at a
current gross sales rate of approximately 20 MMcfd and 8,300 psi flowing casing
pressure from a single Bossier zone completion. The Wagner #1 well was flowing
from a single Bossier zone at a current gross sales rate of approximately 3.9
MMcfd. Further, the Company announced that the John Parker #3, a vertical well
drilled to the Knowles Limestone formation, was producing at a current gross
sales rate of approximately 2.0 MMcfd.
This press release is attached as Exhibit 99.1 and is being furnished
solely pursuant to Item 7.01 of this report.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
The following is a list of exhibits furnished as part of this Form 8-K:
Exhibit No. Description of Document
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99.1 Press release dated August 7, 2007.
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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: August 7, 2007 /s/ J. RUSSELL PORTER
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J. Russell Porter
Chairman, President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description of Document
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99.1 Press release dated August 7, 2007.
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