Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[eFinanceMarkets]

$GST Gastar Exploration (NYSEMKT:GST) agrees to sell its interest in the West Edmund Hunton Lime Unit in Oklahoma to an unnamed buyer for $107.5M.

GST says WEHLU's daily production net to the company during Q3 totaled 2,836 boe, which comprised 46% of the company's total equivalent production for the quarter.

GST says the sale should fund its core STACK acreage development plan through 2018; one rig drilling program has been re-started, and the company expects to be able to drill and complete ~20 operated wells this year.