Gastar Exploration Ltd. - 2010-10-05

The borrowing base under the second amendment to the company's amended and restated credit agreement has been increased to $47.5 million. The borrowing base had previously been reduced from $47.5 million to $40 million primarily as a result of delays in returning its Belin #1 well to production following recompletion efforts. The credit facility has a scheduled maturity date of January 2, 2013 and is subject to semi-annual borrowing base redeterminations.