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News Breaks
December 23, 2013
15:59 EDTGSTGlobal Undervalued Securities reports 6.8% stake in Gastar Exploration
Global and the company have discussed the possibility of granting board observation rights or board seats to Kleinheinz and/or Reynolds for the purposes of improving Globals’ monitoring of the company’s operations and coordination with its working interests in wells and acreage operated by Husky Ventures. Kleinheinz and Reynolds both hold significant economic interests in the same Hunton Limestone acreage (Kingfisher and Canadian counties, Oklahoma) which the company purchased from Chesapeake Energy in June 2013 and which is operated by Husky Ventures. At the time of this filing, Global and the company have not come to any agreement on granting any type of observation or access rights or board seats to Global. Global intend to review their investment in the company on a continuing basis. Global also intend to discuss the assets, business, strategy, financial condition and/or operations of the company and how to maximize shareholder value. Subject to applicable law and regulations, and, depending upon certain factors, including without limitation, general market and investment conditions, the financial performance and strategic direction of the company, and the availability of shares of common stock at prices that would make the purchase of such shares desirable, Global may increase their position in the company through the purchase of shares of common stock on the open market or in private transactions or otherwise, on such terms and at such times as Global deems advisable. Global will continue to have talks with the company.
News For GST From The Last 14 Days
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April 15, 2014
12:59 EDTGSTGastar Exploration resumes unrestricted Marcellus Shale production
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April 10, 2014
16:33 EDTGSTGastar Exploration resumes Marcellus Shale production at reduced rate
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