UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 20, 2006
(November 20, 2006)
GASTAR EXPLORATION LTD.
(Exact Name of Registrant as Specified in Its Charter)
ALBERTA, CANADA 001-32714 38-3324634
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1331 LAMAR STREET, SUITE 1080
HOUSTON, TEXAS 77010
(Address of principal executive offices)
(713) 739-1800
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
SECTION 8 - OTHER EVENTS
Item 8.01 Other Events.
On November 20, 2006, the Company announced that it closed the
previously announced private placement of 25,000,000 of its common shares at
US$2.00 per share. The common shares were sold to institutional accredited
investors in the United States, including Chesapeake Energy Corporation.
A copy of the Company's press release dated November 20, 2006,
regarding this filing is attached as Exhibit 99.1 hereto and is incorporated
herein by reference.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
The following is a list of exhibits filed as part of this Form 8-K:
Exhibit No. Description of Document
----------- --------------------------------------------------------------
99.1 Press release dated November 20, 2006.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GASTAR EXPLORATION LTD.
Date: November 20, 2006 By: /s/ J. RUSSELL PORTER
-------------------------------------
J. Russell Porter
President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description of Document
----------- --------------------------------------------------------------
99.1 Press release dated November 20, 2006.
4