Shares of Gastar Exploration (GST -25.1%) are reeling after Chesapeake (CHK) files a lawsuit...

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

Shares of Gastar Exploration (GST -25.1%) are reeling after Chesapeake (CHK) files a lawsuit seeking rescission of certain transactions that closed in 2005 involving GST's Hilltop Prospect in Texas and CHK's investment in GST common stock. In addition to its original initial investment of $81.6M, CHK seeks reimbursement of additional lease and well costs.