NGAS Resources, Inc. was founded in 1979 and is based in Lexington, Kentucky. NGAS Resources, Inc., together with its subsidiaries, engages in the exploration and production of natural gas principally in the southern portion of the Appalachian Basin in the eastern United States. NGAS Resources, Inc. also has interests in the New Albany shale play within the Illinois Basin in western Kentucky, as well as interests in a non-operated coalbed methane project in the Arkoma Basin and non-operated projects in West Virginia and Virginia. In addition, NGAS Resources, Inc. own rights to gold and silver properties covering 381 acres on Unga Island in the Aleutian Chain, southwest of Anchorage, Alaska. Further, NGAS Resources, Inc. owns and operates distribution systems for retail sales of natural gas for two communities in southcentral Kentucky. The company's customers include gas marketing intermediaries, pipelines, transmission companies, and local refineries.