================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 1, 2006 (July 31, 2006) GASTAR EXPLORATION LTD. (Exact Name of Registrant as Specified in Its Charter) ALBERTA, CANADA 001-32714 38-3324634 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1331 LAMAR STREET, SUITE 1080 HOUSTON, TEXAS 77010 (Address of principal executive offices) (713) 739-1800 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ SECTION 8.01 - OTHER EVENTS ITEM 8.01 Other Events. On August 1, 2006, Gastar Exploration, Ltd. announced that as of July 31, 2006 Thom Robinson had resigned, effective immediately, as Chairman of the Board and as a member of the Board of Directors. Mr. Robinson resigned to devote his full time and efforts to Geostar Corporation's Australian activities in the Gippsland Basin. The Board of Directors has appointed J. Russell Porter as Chairman of the Board. A copy of the Company's press release, dated August 1, 2006, regarding this filing is attached as Exhibit 99.1 hereto and is incorporated herein by reference. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits The following is a list of exhibits filed as part of this Form 8-K: Exhibit No. Description of Document ----------- --------------------------------------------------------------- 99.1 Press release dated August 1, 2006. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GASTAR EXPLORATION LTD. Date: August 1, 2006 By: /s/ J. RUSSELL PORTER ------------------------------------- J. Russell Porter President and Chief Executive Officer -3- EXHIBIT INDEX Exhibit No. Description of Document ----------- --------------------------------------------------------------- 99.1 Press release dated August 1, 2006. -4-