NGAS Resources Inc. (NGAS) is Today's Focus Stock on MicroStockProfit.com

DALLAS, Dec. 29, 2010 (GLOBE NEWSWIRE) -- 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:

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:

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For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

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