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NGAS Resources, Inc. to Conduct a Webcast of Its Second Quarter 2006 Financial Results
By BusinessWire Last Update: 8/2/2006 9:33:09 AM Data provided by
LEXINGTON, Ky., Aug 02, 2006 (BUSINESS WIRE) -- NGAS Resources, Inc. (NGAS), today announced that it will be releasing its second quarter 2006 financial results after the market close on Tuesday, August 8, 2006. The full text of the release will also be available on the company's website at www.ngas.com. Management will host a conference call on the same day at 4:30 p.m. (Eastern).
The conference call will be webcast and can be accessed from the Company's website at www.ngas.com as well as from http://viavid.net/dce.aspx?sid=000033E1. For those who are unable to listen to the webcast live, an indexed recording of the call will be posted on the Company's website following the call's completion.
To listen to a replay of the conference call, dial toll-free 800-642-1687 or 706-645-9291 for international callers and enter passcode 3853843. The replay will be available beginning approximately one hour following the conclusion of the call on Tuesday, August 8, 2006 and will last through midnight Tuesday, August 15, 2006.
About NGAS Resources
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. Additional information, including the Company's annual report on Form 10-K for 2005 and its quarterly report on Form 10-Q for the first quarter of 2006, can be accessed on its website at www.ngas.com.
SOURCE: NGAS Resources, Inc.
-------------------- "Great Day for Up!"....Dr. Seuss
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Updated: 7:48 p.m. ET Aug 2, 2006 Associated Press NEW YORK - Millions of sweaty Americans have been cranking their air conditioners to full blast, causing traders to bid up the price of electric companies’ lifeblood: natural gas.
The commodity, now up more than 8 percent this week, has been as hot as a city sidewalk. Though temperatures are expected to moderate soon, natural gas prices have the potential to climb higher if the weather gets steamy again or if the Gulf Coast — which accounts for about a quarter of U.S. natural gas production — falls in the path of a hurricane.
And if prices stay high, even folks who are trying to conserve energy could eventually see hikes in their monthly electric bill.
“If higher prices are sustained at wholesale level, over time, they’ll filter into the customer’s rates,” said Jim Owen, a spokesman for the Edison Electric Institute, a Washington-based trade group. He noted, though, that utility costs depend on state regulations and whether the company is already locked into a long-term natural gas contract.
Natural gas futures surged 14 percent to a near 6-month high on Monday, pulled back about 8 percent on Tuesday, then rose again Wednesday.
“The volatility has been spectacular,” said Fimat USA analyst John Kilduff. He added that while prices have been “a little overblown,” they could rise further if Thursday’s natural gas inventory report shows a drop, or if Tropical Storm Chris turns into a hurricane as expected and heads toward the Gulf Coast.
-------------------- "Great Day for Up!"....Dr. Seuss
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Oh dandy, This isn't always a good thing. Last two stocks I had that went on M N 1 radio tanked. Jes sayin'.....
quote: Explore NGAS Resources on M N 1
Market Wire 07:30 a.m. 08/11/2006
LEXINGTON, KY, Aug 11, 2006 (MARKET WIRE via COMTEX) -- William Daugherty, CEO/President of NGAS Resources, Inc. (NGAS), will be live on Market News First for an exclusive live interview with the M N 1 radio team. The interview is slated for August 11, 2006, at 9:30 a.m. CDT.
NGAS is an exploration and production company focused on unconventional natural gas basins in the United States supporting repeatable drilling opportunities. The company specializes in generating its own geological prospects in the southern portion of the Appalachian Basin.
By the end of 2005, NGAS controlled over 315,000 gross acres with more than 275,000 gross acres in the Appalachian Basin. The company has identified over 1,100 drilling locations on its core acreage.
The company's gathering system connects its wells to interstate pipelines with access to major natural gas markets in the eastern United States.
To learn more about NGAS Resources, or to participate in the live discussion, log on to www.m n 1.com August 11, 2006, at 9:30 a.m. CDT
About M N 1 .com
Market News First is an online market news provider which brings investors current news on the market. Market News First is the only online live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily live press conferences, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the Presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
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Well, I held on. So far the interview is pretty good.
They brought up a good point about the fact that they are concentrating in the appalacian basin and so their production isn't affected by hurricanes. (my note: This definitely came into play last week when Hurricane Chris came through and NGAS climbed to $9.55)
They mentioned that the price had gone down because it goes lock-step with the price of Natural Gas. They just came off the biggest softest winter. So they had a lot of gas in storage. They did start drawing from their storage this summer due to the extreme heat last few weeks.
If there is a normal winter (colder) then they will have to go into their reserves more than last winter.
Mentioned the National Gas conference and how they are scheduled for presentation on Monday the 14th.
Jo
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