Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 12:43 PM
Slide #274. Gastar Exploration Ltd. — Preferred Stock Offering
||Gastar Exploration Ltd. (AMEX:GST)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||Gastar Exploration Ltd. (NYSE MKT: GST) (the "Company") announced today that Gastar Exploration USA, Inc., its direct subsidiary ("Gastar USA"), is commencing an underwritten public offering of Series B Cumulative Preferred Stock. In connection with the offering, Gastar USA intends to grant the underwriters a 30-day option to purchase additional shares of Series B Cumulative Preferred Stock to cover over-allotments, if any.
Gastar Exploration is a holding company. Through its subsidiaries, Co. is an independent energy company engaged in the exploration, development and production of oil, condensate, natural gas and natural gas liquids. Co.'s principal business activities include the identification, acquisition, and subsequent exploration and development of oil and natural gas properties with a focus on unconventional reserves, such as shale resource plays. As of Dec 31 2016, Co.'s estimated proved reserves consisted of 13.8 million barrels of condensate and oil, 37.85 billion cubic feet of natural gas, and 5.5 million barrels of natural gas liquids.
Preferreds: GST.PRA, GST.PRB
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