NGAS Resources (NGAS)

[makesumgravy]

I agree. The Insiders who sold when it was esclating in price and who were selling, even near the top, and made some substantial money from their sells are now buying, after the 10Q and after the PR of Barr. It appears that 4 bought on the presumption of it bottoming. This being said, the founder along with his key execs and their brokers are closely watching the price movements.

This is what the form 4 looks like just for Barr

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any
3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned

Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7.

Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common stock 8/12/2008 A 10000 A $5.13

270044 (1) D



Table II - Derivative Securities Beneficially Owned ( e.g.

, puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Trans. Date 3A. Deemed Execution Date, if any
4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(

1)
Includes 200,000 shares issuable upon exercise of vested stock options.

08/14/2008 3:04PM EDGAR (4) Statement of Changes in Beneficial Ownership
08/14/2008 2:57PM EDGAR (4) Statement of Changes in Beneficial Ownership
08/14/2008 2:53PM EDGAR (4) Statement of Changes in Beneficial Ownership
08/14/2008 2:53PM EDGAR (4) Statement of Changes in Beneficial Ownership








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