William S. Daugherty, President and CEO of NGAS Resources commented, "We are pleased with the results of this non-core asset divestiture in the Bakken Play in North Dakota. Our management team recognized this opportunity and its execution resulted in a significant one-time gain. Obviously, the company's core area is the Appalachian Basin; however, we will continue to pursue opportunities outside the Basin that create value for our shareholders."
NGAS Resources is an independent exploration and production company focused on unconventional natural gas basins in the United States that support repeatable drilling opportunities, principally in the southern portion of the Appalachian Basin.
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