Gastar Exploration Inc fka GST

[longinvest]

I dont think anyone on this board sees the huge potential in GST. The SRUN deal that took place adjacent to GST land brings the acreage value up substantially. Plus oil is over $50. There are probably, IMO, alot of eyes on GST land. That is one reason why I believe they retained TPH to perform a strategic review of their properties. TPH helped facilitate the SRUN deal next door to GST. Also, a quote from a poster on the Yahoo page sums it up very well:

"The WEHU PDP I believe Porter noted previously was ~$110M. If the acreage is worth somewhere between $1K/ae-$2.5K/acre (they show pretty robust returns of 48% Upper WEHLU and 36% for Lower WEHLU at $50 bbl/$3 btu flat) for the 26.7K 100% HBP'd WEHLU acres...that would give you $136.7M-$176.8M. Porter previously noted with a fully engineered development program he viewed the WEHLU acreage as worth a couple hundred million."