Gastar Exploration +4% on operations update

|About: Gastar Exploration Inc. (GST)|By:, SA News Editor

In an operations update, Gastar Exploration (GST +3.9%) says it has 20 gross recently drilled wells on production at its Hunton Oil operations in the Mid-Continent, of which 15 gross wells are non-operated in its area of mutual interest, two gross are non-operated outside the area, and three gross are operated wells.

Among non-operated wells, five gross wells have been placed on flowback so far in Q2, with production rates generally strong, including the Kodiak 1-29H which has reached an initial production rate of 1,666 boe/day and a 30-day average production rate of 1,259 boe.