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frenchee

10/08/07 2:45 PM

#4 RE: Golden Cross #3

MarketGrader currently has a SELL rating on NGAS RESOURCES INC (NGAS), based on a final overall grade of 27.6 scored by the company's fundamental analysis. NGAS RESOURCES INC scores at the 20th percentile among all 5442 U.S. listed equities currently followed by MarketGrader. Our present rating dates to October 19, 2006, when it was downgraded from a HOLD. Relative to the Oil & Gas Exploration & Production sub-industry, which is comprised of 150 companies, NGAS RESOURCES INC's grade of 27.6 ranks 123rd. The industry grade leader is ST MARY LAND & EXPLOR CO (SM) with an overall grade of 81.7. The stock has performed poorly in the last six months in relative terms, down 4.45% compared with the Oil & Gas Exploration & Production sub-industry, up 4.48% and the S&P 500 Index, up 7.58%.