Gastar Exploration Inc fka GST

[wamuqsi]

Gst is for sale...


RJ Trotts Saturday, 07/28/18 12:45:35 AM
Re: None 0
Post # of 546
Thoughts on this? How does this effect GST? Just curious on opinions...

http://www.kallanishenergy.com/2018/07/26/gastar-exploration-weighing-purchase-offer-from-ares-management/

Houston-based Gastar Exploration is considering the sale of the company or a restructuring of its balance sheet, Kallanish Energy reports.

It is studying an offer from another firm, the company said.

On Monday, the company got a preliminary offer sheet from California-based Ares Management LLC, according to filings with the U.S. Securities and Exchange Commission.

The non-binding preliminary term sheet was filed by Ares affiliate AF V Energy.

Last May, Gastar Exploration had formed a three-member committee to explore future options for the company.

It also hired the Kirkland & Ellis law firm and New York-based Perella Weinberg Partners to help it evaluate what it happening.

The company also reported that two of its directors, Ronald D. Scott and Nathan W. Walton, resigned last Friday, effective immediately.

The company is active in the STACK play in Oklahoma.