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Natural Gas Systems, Inc. Announces Election of William E. Dozier to Board

Posted on: Wednesday, 7 December 2005, 09:00 CST

HOUSTON, Dec. 7 /PRNewswire-FirstCall/ -- Natural Gas Systems, Inc. (BULLETIN BOARD: NGSY) ("NGS" or the "Company") today announced that William E. Dozier was elected to its Board of Directors at the Company's recent annual shareholder meeting. Mr. Dozier, a new addition to the board, will serve as one of three independent directors on the five member board and will chair the compensation committee.

Mr. Dozier is an independent consultant based in Tulsa and Houston. Most recently, he served as Senior Vice President -- Business Development for Vintage Petroleum, a large independent exploration, acquisition and development company that recently agreed to be acquired by Oxy Petroleum for more than $3.5 billion. He first joined Vintage as Vice President of Operations. Mr. Dozier is a licensed petroleum engineer and he began his career in petroleum operations with Amoco Production Company followed by work with Santa Fe Minerals as Manager -- Operations Engineering.

Robert Herlin, President and co-founder of NGS, stated, "We are very pleased that Bill has agreed to join our board and contribute his outstanding operations expertise. I fully expect that Bill will be a tremendous asset to NGS in developing and fully exploiting our existing assets."

In addition to electing Mr. Dozier, the shareholders re-elected Robert Herlin, Laird Cagan, E. J. DiPaolo and Gene Stoever. Mr. Cagan is the Chairman of the Board and a co-founder of the Company and co-founder of Cagan McAfee Capital Partners. Mr. DiPaolo is an independent director and formerly served as Senior Vice President of Halliburton. Mr. Stoever, a retired Partner with KPMG, also is an independent director and serves as Chairman of the Audit Committee.

NGS (http://www.natgas.us/ ) acquires and develops oil and gas resources and applies conventional and specialized technology to accelerate production and develop incremental reserves. NGS owns 100% of the working interest in the 13,636 acre Delhi Field in northeastern Louisiana that has produced over 200 million barrels of oil since its discovery in 1945, according to the Company's independent engineers. NGS also owns a 100% working interest in, and is actively renovating and redeveloping, portions of the Tullos Urania and nearby fields in north central Louisiana. The Company is further developing a shallow drilling program in central Texas.

Safe Harbor Statement

All statements contained in this press release regarding potential results and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update or review any forward-looking statement, whether as a result of new information, future events, or otherwise. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in our documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities. Statements regarding our ability to successfully apply technology applications in the re-development of oil and gas fields, future production volumes, success in our drilling and development activity, prices, future revenues and income and cash flows and other statements that are not historical facts contain predictions, estimates and other forward-looking statements. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved and these statements will prove to be accurate. Important factors could cause actual results to differ materially from those included in the forward-looking statements.

For additional information contact: Investor Contact: John Liviakis, Liviakis Financial Communications, Inc. (415) 389-4670 NGS Contact: Sterling McDonald, Chief Financial Officer (713) 935-0122

Natural Gas Systems, Inc.

CONTACT: investors, John Liviakis of Liviakis Financial Communications,Inc., +1-415-389-4670, for Natural Gas Systems, Inc.; or Sterling McDonald,Chief Financial Officer of Natural Gas Systems, Inc., +1-713-935-0122

Web site: http://www.natgas.us/


Source: PRNewswire-FirstCall

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