August 10, 2010 (FinancialWire) — Gastar Exploration Ltd. (AMEX: GST) has named Floyd R. Price as chairman of the firm’s board of directors, replacing John Rooney, who stepped down as chairman due to the increased demands related to his role with Northern Blizzard Resources, Inc. Rooney continues to serve as a director on Gastar's board.

Price was elected to Gastar's board of directors in June 2010. He recently retired from Apache Corp. (NYSE: APA), where he most recently served as executive vice president and exploration officer. He also held previous positions in Apache as EVP for Eurasia, Latin America and New Ventures, EVP for Canada, president of Apache Canada, Ltd. and as president of Apache's international exploration and production subsidiaries.

Price is a member of the American Association of Petroleum Geologists and serves on the board of trustees for the American Geological Institute Foundation.  Texas-based Gastar is an exploration and production company focused on finding and developing natural gas assets in North America. The company pursues a strategy combining deep natural gas exploration and development with lower risk CBM and shale resource development.

Gastar owns and operates exploration and development acreage in the deep Bossier gas play of East Texas and Marcellus Shale play in West Virginia and Pennsylvania.

Gastar's CBM activities are conducted within the Powder River Basin of Wyoming

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