Gastar Exploration Ltd. (GST) Reports Progress in Bossier Sands
Gastar Exploration Ltd. reported on the progress of the company’s development program on its oil and gas properties in Texas, where the company is developing the Bossier formation. Gastar Exploration finished drilling the Belin #2 well to a depth of 19,650 feet and successfully reached the targeted formation. The well encountered 130 feet of net pay in five separate sand intervals at the site. Gastar Exploration plans to complete the well in two of the five zones and hopes to have production from one of the zones by April 2011. The company said that this development plan is subject to…