Gastar Exploration Inc. (NYSE:GST) closed with change of -8.71% to $0.73 with the total traded volume of 1519697 shares versus to an average volume of 1.02M. The stock was up in the 5 days activity 12.17%. The one month performance of stock was 3.60%. GST shares are at -15.00% for the quarter and driving a -39.15% return over the course of the past year and is now at -30.46% since this point in 2018. Right now GST beta is 3.38. The average volatility for the week and month was at 13.83% 8.93% respectively.
Gastar Exploration Inc. (NYSE:GST) today reported that its board of directors (the “Board”) has appointed Harry Quarls to the Board effective today.
Mr. Quarls served as managing director at Global Infrastructure Partners., a leading global, independent infrastructure investor from January 2009 until December 2017. Additionally, Mr. Quarls served as managing director and practice leader for global energy as well as a member of the board of directors at Booz & Company, a leading international management consulting firm, from 1982 to 2007.
Mr. Quarls earned an MBA from Stanford University and also holds ScM. and Bachelors of Science degrees, both in chemical engineering, from M.I.T. and Tulane University, respectively.
Jerry Schuyler, Gastar’s Chairman of the board of directors and interim CEO, said, “On behalf of the Board of Gastar Exploration, we are very pleased to welcome Harry Quarls to the Board and look forward to benefitting from his substantial knowledge. His outstanding qualifications include considerable financial and energy investing expertise, as well as experience on the boards of numerous public and private energy companies. This level of experience will be a tremendous asset as Gastar develops its quality acreage position in the STACK Play and works to build shareholder value.”
Gastar Exploration Inc. is an autonomous energy organization occupied with the investigation, advancement and creation of oil, condensate, petroleum gas and flammable gas fluids in the United States. Gastar’s important business exercises incorporate the distinguishing proof, obtaining, and ensuing investigation and improvement of oil and petroleum gas properties with an accentuation on flighty stores, for example, shale asset plays.
In Oklahoma, Gastar is right now seeking after advancement inside the essentially oil-bearing repositories of the Hunton Limestone even play and will test other forthcoming arrangements on a similar land, including the Woodford Shale and the Meramec Shale (center Mississippi Lime), which Gastar alludes to as the Mid-Continent Stack Play.
In West Virginia, Gastar is proceeding with the advancement of fluids rich flammable gas. The Marcellus Shale and is starting to penetrate the dry gas Utica Shale play on its real esatate. The Company is traded on an open market on the NYSE MKT trade under. Ticker image GST, and its Series A Preferred Stock and Series B Preferred Stock. Are exchanged under the ticker images GST.PRA and GST.PRB.
About Gastar Exploration
Gastar is an unadulterated play Mid-Continent free energy organization occupied with the investigation. Improvement, and creation of oil, condensate, gaseous petrol, and petroleum gas fluids in the United States. Gastar’s central business exercises incorporate the ID, procurement and ensuing investigation. Advancement of oil and gaseous petrol properties with an accentuation on offbeat stores. For example, shale asset plays. Gastar stands firm on an amassed grounds foothold in the regularly forced. Oil window of the STACK Play, a space of focal Oklahoma which is home
to various oil and gaseous petrol rich repositories including the Meramec, Oswego, Osage, Woodford, and Hunton arrangements. For more data, visit Gastar’s site at www.gastar.com.
Forward Looking Statements
This news discharge incorporates “forward looking explanations” inside the significance of Section 27A. The Securities Act of 1933, as changed. Section 21E of the Securities Exchange Act of 1934, as revised. Forward looking articulations express our present assumptions, assessment, conviction or conjectures. Future occasions and execution. An assertion recognized by the utilization of forward looking words including. Sure of the other prior assertions might be considered forward-looking proclamations.
In spite of the fact that Gastar accepts that the assumptions reflected in such forward-looking. Proclamations are sensible, these explanations imply dangers and vulnerabilities that may make real. Future exercises and results be tangibly not quite the same as those proposed or depicted in this news discharge. These incorporate dangers portrayed in Gastar’s Annual Report on Form 10-K and different filings with the U.S.
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