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Gastar Exploration announces extension of east Texas property sale closing


Published Jun 7, 2013
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Gastar announces successful Wagner #1 Bossier Well-Spotlight

Gastar Exploration Ltd. announced that the closing of the previously announced sale of Gastar's East Texas properties to Cubic Energy has been extended to June 28, 2013 with a termination date of July 12, 2013 in order to allow Cubic Energy additional time to finalize financing for the transaction.

As compensation for the extension of the closing date, the parties have agreed to reduce certain identified due diligence negative adjustments to the purchase price by $350,000.

Tags: Gastar Exploration Ltd.




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