updated 12/29/2010 7:15:30 AM ET 2010-12-29T12:15:30

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: www.microstockprofit.com/lp/NGAS

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: www.microstockprofit.com/lp/NGAS

See what investors are saying about NGAS at http://www.stockhideout.com

Get breaking news on NGAS at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

CONTACT:  MicroStockProfit.com
          Brian Johnson
          1-888-307-2850
          info@microstockprofit.com

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