Thursday, January 13, 2011

Better Late Than Never
Oil and gas sponsor NGAS Resources, Inc (NGAS) was acquired at the end of December by Magnum Hunter.  The transaction was valued at approximately $98 million.  I am not sure whether the new entity will offer oil and gas tax write-off deals.  Without doing any investigation, this sounds like potential good news for investors in NGAS's current investment programs.

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