(e) On June 7, 2012, the shareholders of Gastar Exploration Ltd. (the "Company") approved the Second Amendment (the "Second Amendment") to the 2006 Long-Term Incentive Plan (as amended, the "2006 Plan"). The Second Amendment was previously approved by the Company's Board of Directors, subject to shareholder approval. The Chief Executive Officer and Chief Financial Offer are eligible for awards pursuant to the 2006 Plan. The 2006 Plan was summarized under the caption "Proposal 4-Approval of the Second Amendment to the Gastar Exploration Ltd. 2006 Long-Term Incentive Plan" in the Company's Proxy Statement for its 2012 Annual General and Special Meeting of Shareholders held on June 7, 2012 filed with the Securities and Exchange Commission on April 16, 2012, which summary is incorporated herein by reference. A copy of the Second Amendment is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

(d) Exhibits.

Exhibit No.                                  Description

10.1              Second Amendment to Gastar Exploration Ltd. 2006 Long-Term
                  Incentive Plan.