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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): AUGUST 18, 2004
NGAS RESOURCES, INC.
(FORMERLY, DAUGHERTY RESOURCES, INC.)
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
PROVINCE OF BRITISH COLUMBIA 0-12185 NOT APPLICABLE
(STATE OR OTHER JURISDICTION OF (COMMISSION (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) FILE NUMBER) IDENTIFICATION NO.)
120 PROSPEROUS PLACE, SUITE 201
LEXINGTON, KENTUCKY 40509-1844
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (859) 263-3948
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ITEM 5. OTHER EVENTS
On August 18, 2004, our operating subsidiary, Daugherty Petroleum, Inc.
("DPI") entered into an asset purchase agreement with Stone Mountain Energy
Company, L.C. ("SME") for the purchase of substantially all of SME's assets. The
pending acquisition is described in a press release included as an exhibit to
this report and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
EXHIBIT
NUMBER EXHIBIT
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10.1 Asset Purchase Agreement dated as of August 18, 2004 by and
between Stone Mountain Energy Company, L.C. and Daugherty
Petroleum, Inc.
20.1 Press Release dated August 19, 2004.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NGAS RESOURCES, INC.
(formerly, Daugherty Resources, Inc.)
Date: August 19, 2004 By: /s/ William S. Daugherty
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William S. Daugherty
Chief Executive Officer
(Duly Authorized Officer)
(Principal Executive Officer)