UNAUDITED PRO FORMA FINANCIAL INFORMATIONUnaudited Pro Forma Financial Information • March 25th, 2014 • Gastar Exploration Inc. • Crude petroleum & natural gas
On September 4, 2013, Gastar Exploration Inc. (“Gastar”) (formerly known as Gastar Exploration USA, Inc.) entered into a Purchase and Sale Agreement, dated September 4, 2013, by and among Lime Rock Resources II-A, L.P. and Lime Rock Resources II-C, L.P. (the “Lime Rock Parties”) and Gastar (the “WEHLU Purchase Agreement”). Pursuant to the WEHLU Purchase Agreement, Gastar acquired a 98.3% working interest (80.5% net revenue interest) in 24,000 net acres of the West Edmond Hunton Lime Unit (“WEHLU”) located in Kingfisher, Logan and Oklahoma Counties, Oklahoma, all of which is held by production (“WEHLU Assets”). Pursuant to the WEHLU Purchase Agreement, Gastar completed the acquisition of the WEHLU Assets on November 15, 2013 for an adjusted cash purchase price of $177.8 million, reflecting customary adjustments and adjustment for an acquisition effective date of August 1, 2013 (the “WEHLU Acquisition”).
