Ngas Resources reports it is evaluating its strategic alternatives and that it is actively pursuing possible transactions that may include the sale of the company

摘要

During the third quarter, the company reported oil and natural gas production revenue was down 10% in the quarter reflecting a 15% production decline partially offset by slightly higher natural gas prices. Ngas added that in the third quarter, the average daily production was about 9.2 million cubic feet equivalent versus 10.8 MMcf the year before. Ngas also reported that while the review process is under way, it will continue with its previously announced plan to drill up to 57 horizontal wells in its 2010 drilling program.