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Gastar to Test Eagle Ford Potential

by Kenneth E. DuBose on July 9, 2010

Gastar reveals updates, plans to capitalize on Eagle Ford:

Gastar Exploration Ltd. announced today the following operational updates: The Donelson #4 well has been completed in two lower Bossier zones. The B-6 zone was completed and flowed at an initial gross sales rate of 8.6 million cubic feet of natural gas per day (MMCFD). That zone was put behind a temporary plug and the B-5 zone was completed at an initial gross sales rate of 10.7 MMCFD. The B-5 zone will be produced until the reservoir pressures equalize and, at that time, the two zones will be co-mingled. Three additional zones in the Donelson#4 well remain to be completed at future dates. Gastar has a 67% before payout working interest (49.7% before payout net revenue interest) in the Donelson #4 well.

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