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Gastar Exploration Inc. Series A and Series B Preferred Stock Holder retains Hunton Andrews Kurth and Surveys Preferred Stock Class

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Gastar Exploration Inc. Series A and Series B Preferred Stock Holder retains Hunton Andrews Kurth and Surveys Preferred Stock Class

PR Newswire

WILMINGTON, Del., Sept. 4, 2018 /PRNewswire/ -- Aedes LLC, a Delaware limited liability company, announced today that it has retained the law firm of Hunton Andrews Kurth LLP to advise and represent it in relation to its investment in the Series A and Series B Preferred Stock of Gastar Exploration Incorporated (NYSE:GST) ("Gastar"). On August 1, 2018, Gastar issued a press release announcing "Efforts to Consider Restructuring Transaction Proposals". The press release explained that a Board committee has been "tasked with exploring financial, transactional, and strategic alternatives, including a potential restructuring of Gastar's balance sheet".

As such restructuring proposals have a high probability of impacting the holders of both Gastar's Series A and Series B Preferred Stock, Aedes felt compelled to retain counsel with deep experience advising companies and investors in restructuring transactions. Retention of Hunton Andrews Kurth is done with the intention to ensure that Gastar conducts a fair and transparent restructuring process that takes into account the legitimate interests of  holders of Gastar's Series A and Series B Preferred Stock.

In addition to retention of counsel, Aedes LLC also announced it is interested in hearing from other holders of Gastar's Series A or Series B Preferred Stock. A deeper understanding of the composition of the class of Preferred Stock may prove helpful as Gastar's restructuring efforts progress. There may come a time when the Preferred Stock class needs to speak with a unified voice in relation to those restructuring efforts. To facilitate this effort, Aedes LLC has created a shareholder contact survey. The survey and other information can be found at the following link https://gstpreferred.aedesllc.com. Please utilize this link if you have an interest in contacting Aedes in relation to those efforts. This press release and the survey linked to herein do not constitute an offer to sell or a solicitation of an offer to buy any shares of Gastar's Series A or Series B Preferred Stock or any other securities of Gastar or other issuers.

About Aedes LLC : Aedes LLC is a privately held business development company that seeks to make debt and equity investments in middle market businesses in the United States and internationally.  Inquiries: investor.relations@aedesllc.com.


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SOURCE Aedes LLC

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