LEXINGTON, Ky., Feb. 15 /PRNewswire/ -- The Wall Street Transcript has
published an in-depth interview with William Daugherty, CEO of
Daugherty Resources (Nasdaq: NGAS), in which he talks at length about the
company's future.
The entire 1,600-word interview is available free online at
http://www.twst.com/ceos.htm. Daugherty gives an overview of the company.
"We are focused on drilling natural gas wells in the Appalachian Basin. In
the past year, we have drilled 24 successful natural gas wells. The company
has production in Kentucky, Tennessee and Louisiana. Our assets also include
a gold and silver prospect in Alaska that our predecessor company held as an
asset since 1980. We hold about 50,000 acres for natural gas development in
Kentucky and Tennessee."
Daugherty explains, "Our market is different from the oil industry because
our nation imports more than 50% of the oil that we produce. We can not
liquefy natural gas overseas and bring it to North America, because
transportation costs do not make sense. So natural gas is a home-grown
product that has to be produced on this continent."
Looking forward, Daugherty states, "We are going to see high natural gas
prices for the next 10 years. This country needs more electrical generation
and a huge part of that electricity will be generated by natural gas. Plus,
residential and commercial use of natural gas is growing."
This interview is part of a 70-page Natural Gas Industry Issue available
at http://www.twst.com/info/info278.htm or by calling (212) 952-7433.
The Wall Street Transcript is a premier weekly investment publication
serving serious long-term investors for over 38 years.
Based in Lexington, Kentucky, Daugherty Resources is a natural resources
development company with interests in oil and gas development and gold mining
prospects. Additional information can be accessed on the Company's website at
http://www.daughertyresources.com.
The information in this release includes certain forward-looking
statements that are based on assumptions that in the future may prove not to
have been accurate. Those statements, and Daugherty Resources and its
subsidiaries are subject to a number of risks, including production variances
from expectations, volatility of product prices, the capital expenditures
required to fund its operations, environmental risks, competition, government
regulation, and the ability of the company to implement its business strategy.
These and other risks are described in the company's documents and reports
that are available from the company and the United States Securities and
Exchange Commission.
SOURCE Daugherty Resources, Inc.
 back to top
Related links:
http://www.daughertyresources.com
CONTACT:
William S. Daugherty, President of Daugherty
Resources, Inc., 859-263-3948, or fax, 859-263-4228, or e-mail,
ngas@daughertyresources.com
|
