Gastar Exploration, Ltd.: Gastar Exploration Ltd. and Chesapeake Energy Corporation Announce Letter of Intent
19th Sep 2005, 17:38 GMT
HOUSTON, TX and OKLAHOMA CITY, OK (MARKET WIRE) Gastar Exploration Ltd. (TSX: YGA) (OTC: GSREF) and Chesapeake Energy Corporation (NYSE: CHK) jointly announced today that they have executed a Letter of Intent ("LOI") outlining the terms under which Chesapeake proposes to i) acquire new common shares from Gastar equal to 19.9% of Gastar's outstanding common shares, ii) acquire a 33% working interest in Gastar's Deep Bossier play in the Hilltop Prospect area of Leon and Robertson Counties of East Texas and
Latest news from Market Wire - Energy and Utilities:
- U.S. Sustainable Energy Corp.: IC Thomasson Associates, Inc. Has Completed Professional Selections for the USSEC Project Design Team
- Allied Energy Group, Inc.: Allied Energy Group, Inc. Announces Completion of Operations for Its Coalbed Methane Project in Oklahoma
- O.A.O. Tatneft: O.A.O. Tatneft announcement re: 2005 20-F and 1H 2006
- InterOil Corporation: InterOil Corporation: Elk-1 ST-1 Well Drilling Report No. 12
- TrendSetter Solar Products, Inc.: TrendSetter Solar Products Reports Record 2006 Annual Sales
- NutriOne Corporation: NutriOne Announces a New Licensing Agreement With Dairy Fresh Farms Inc. for Canada
- Hydrogenics Corporation: Hydrogenics Reports Third Quarter 2006 Results
- Radial Energy Inc.: Radial Energy Announces Receipt of $1,500,000
- Maine & Maritimes Corporation: Maine & Maritimes Corporation Announces Third Quarter Results
- Franklin Lake Resources Inc.: Franklin Lake Resources Announces Annual Meeting a Success; Roger Graham Exercises Options