Yes, Gastar is listed on the Toronto Stock Exchange under the symbol YGA and on the American Stock Exchange under the symbol GST.
Where can I obtain a current market quote?
Our updated stock quote and stock chart are available on the Stock Information page on this web site.
What is unconventional gas production?
Unconventional gas production is gas that is produced from tight sands, shales and coal bed methane.
Why is it considered unconventional?
Technological advances have recently allowed the exploitation of natural gas reserves found in tight sands, shales and coal beds. Prior to the new technologies, production from these sources was not successful.
Is there potential for growth in the exploration of unconventional sources?
It is estimated that by the year 2025, 43% of the US natural gas supply will come from unconventional sources. All other sources are expected to decline or stay constant over that same time period.
What is coalbed methane?
Coalbed methane is natural gas that is found in coal seams. Many of the coal seams in the Rocky Mountains are at shallow depths, usually less than 1,500 feet, which allows for little drilling risk and relatively low finding and development costs.
What is attractive about Coalbed Methane prospects?
Unlike other natural gas sources that have high degrees of geologic risk, coal deposits are wide spread, easily identified and shallow. Therefore the drilling success rate for CBM companies can easily approach 95 to 100%, well above conventional exploration targets. As a result, CBM has low geological risk, low cost and are relatively quick to complete making them very attractive targets.
What is the outlook for natural gas demand?
According to the US Department of Energy, natural gas consumption is projected to increase from 2002 through 2025 largely due to the increase in natural gas fired power plants. For more information on the future forecasts for natural gas, visit the following link on the DOE's website: www.eia.doe.gov/oiaf/petgas.html.
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