LEXINGTON, Ky., April 6, 2010 (GLOBE NEWSWIRE) -- NGAS Resources, Inc. (Nasdaq:NGAS) today announced that William S. Daugherty, President and CEO, will present at the Independent Petroleum Association of America's (IPAA) Annual Oil & Gas Investment Symposium (OGIS) taking place at The Sheraton New York Hotel and Towers in New York City from April 12 - 14, 2010.
Mr. Daugherty will be presenting at the conference on Tuesday, April 13, 2010 at 10:30 a.m. (Eastern). During his presentation, Mr. Daugherty plans to discuss NGAS and its natural gas opportunities in the Appalachian Basin, including a general business update.
Mr. Daugherty's presentation will be webcast and can be accessed, together with the accompanying slides, from the Company's website at www.ngas.com. Additional conference information can be found at www.ipaa.org.
About NGAS Resources
NGAS Resources is an independent exploration and production company focused on unconventional natural gas basins in the eastern United States principally in the southern portion of the Appalachian Basin. Core assets include over 400,000 acres with interests in approximately 1,400 wells and an extensive inventory for future horizontal drilling. NGAS operates the gas gathering facilities for its core Appalachian properties, providing deliverability directly from the wellhead to the interstate pipeline. Additional information, including the Company's annual report on Form 10-K for 2009, periodic reports and its 2009 proxy statement, can be accessed on its website at www.ngas.com.
A number of statements made during the Company's presentation and contained in the powerpoint presentation placed on the Company's website, other than statements of historical fact, may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements 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 drilling and the ability of the Company to implement its business strategy. For a more detailed description of these and other risk factors, please refer to the Company's SEC filings including the Company's Annual Report on Form 10-K for 2009, periodic reports and the 2009 Proxy Statement. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in the presentation, or in any of its SEC filings except as may be otherwise stated by the Company.