Item 7.01 Regulation FD Disclosure

On November 18, 2008, Gastar Exploration Ltd. reported updates of independent estimates of gas reserves by Netherland Sewell & Associates, Inc. for its Bohena Project Area of PEL 238, located in New South Wales, Australia. This press release is attached as Exhibit 99.1 and is being furnished solely pursuant to Item 7.01 of this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following is a list of exhibits furnished as part of this Form 8-K:

Exhibit No. Description of Document

99.1 Press release dated November 18, 2008.