NGAS Resources Inc. (NGAS) is Today's Focus Stock on MicroStockProfit.com
December 29 2010 - 6:50AM
MicroStockProfit.com announces an investment report featuring NGAS
Resources Inc. (Nasdaq:NGAS). The report includes financial,
comparative and investment analyses, and industry information you
need to know to make an educated investment decision.
The full report is available at:
www.microstockprofit.com/lp/NGAS
NGAS Resources Inc. (NGAS) is an independent exploration and
production company focused on unconventional natural gas plays in
the eastern United States, mainly within the southern Appalachian
Basin. Core assets include over 345,000 acres with interests
in approximately 1,400 wells and an extensive inventory of
horizontal drilling locations. NGAS also operates the gas gathering
facilities for its core Appalachian properties, providing
deliverability directly from the wellhead to the interstate
pipeline.
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In the report, the analyst notes:
"NGAS recently agreed to be acquired by Magnum Hunter Resources
Corp. in an all-stock transaction. Under the terms of the deal,
each share of NGAS will be transferred to Magnum Hunter in exchange
for the right to receive 0.0846 of a share of Magnum Hunter
stock."
"NGAS indicated early last month that it was evaluating
strategic alternatives, including sale of the company. The
transaction is expected to combine NGAS's acreage and expertise in
the southern Appalachian Basin with Magnum Hunter's stronger
financial resources."
To read the entire report visit:
www.microstockprofit.com/lp/NGAS
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Get breaking news on NGAS at http://thestockmarketwatch.com/
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