Gastar Exploration announces increase in purchase price on property sale Gastar Exploration announced that it has agreed to provide Cubic Energy an additional extension until September 20 on the closing of the previously announced sale of Gastar's East Texas properties. In a separate release, Cubic Energy announced its financing plans for funding the acquisition of Gastar's working interest in the East Texas properties. As compensation for the extension, Cubic Energy has agreed to pay Gastar an additional $1M at closing, bringing the total transaction value to $47M before closing adjustments.
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