Gastar Exploration extands closing date on East Texas property sale (Scandinavian Oil-Gas Magazine)

Gastar Exploration extands closing date on East Texas property sale

Published Sep 24, 2013

Gastar announces successful Wagner #1 Bossier Well-Spotlight

Gastar Exploration Ltd. has granted Cubic Energy an additional extension to the closing deadline of the previously announced sale of Gastar's East Texas properties to September 30.

Under the terms of the extension agreement, Cubic Energy has paid an additional deposit of $100,000 and has agreed to pay Gastar an additional $250,000 at closing as compensation for the extension, bringing the total transaction value to $47.25 million before closing adjustments.

Tags: Gastar Exploration Ltd.

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