Gastar Exploration increases revolver borrowing base to $120 million

By Angela McDaniels

Tacoma, Wash., March 27 - Gastar Exploration Inc. said the borrowing base under its revolving credit facility has been increased to $120 million.

This represents a $20 million increase over Gastar's previous borrowing base effective December, according to a company news release.

Currently, Gastar has no borrowings outstanding under the revolver.

Gastar Exploration is Houston-based oil and natural gas company.

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