LEXINGTON, Ky., Sept. 20 /PRNewswire-FirstCall/ -- NGAS Resources, Inc.
(Nasdaq: NGAS), will present at IPAA's 2nd Annual Oil & Gas Investment
Symposium (OGIS) West on Monday, September 27, 2004, at 2:50 p.m. The
conference will be held at the Palace Hotel, 2 New Montgomery St., San
Francisco, California.
William S. Daugherty, President and CEO, will discuss NGAS and its natural
gas opportunities in the Appalachian Basin. The discussion will include
updates on the Company's long-term strategy and its agreement to acquire
23.2 Bcfe of proved gas reserves and 75,000 gross acres for $27 million.
NGAS' presentation will be webcast live, along with an accompanying slide
presentation to augment management's formal presentation, which may be
accessed on the Company's website at http://www.ngas.com .
NGAS will also host an analyst dinner in conjunction with the Symposium on
Monday, September 27, 2004, at 7:00 p.m. The dinner will be held at Campton
Place, 340 Stockton Street. Those interested in attending the dinner should
contact Sheila Puckett at 859.263.3948 or sheila@ngas.com .
NGAS Resources is an independent energy company focused on natural gas
development and reserve growth. Based in Lexington, Kentucky, the Company
specializes in developing geological prospects concentrated in the Appalachian
Basin. NGAS currently controls 180,000 acres and owns interests in over 400
wells. Additional information on NGAS is available on the Company's website
at http://www.ngas.com .
This release includes forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act relating to matters such as
anticipated operating and financial performance and prospects. Actual
performance and prospects may differ materially from anticipated results due
to economic conditions and other risks, uncertainties and circumstances partly
or totally outside the control of the company, including risks of production
variances from expectations, volatility of product prices, the level of
capital expenditures required to fund ongoing drilling initiatives and the
ability of the company to implement its business strategy. These and other
risks are described in the company's periodic reports filed with the United
States Securities and Exchange Commission.
SOURCE NGAS Resources, Inc.
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Related links:
http://www.ngas.com
CONTACT:
Media, Teresa Barnes, +1-859-263-3948, Cell,
+1-303-521-4080, ngas@ngas.com , or Investor Relations, Michael
P. Windisch, +1-859-263-3948, Fax, +1-859-263-4228, ngas@ngas.com
, both of NGAS Resources, Inc.
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