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: October 7, 2005
Date of Earliest Event Reported: September 29, 2005
NATURAL GAS SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
0-27862 80-0028196
(Commission File Number) (I.R.S. Employer Identification No.)
820 Gessner, Suite 1340, Houston, Texas 77024
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(Address of Principal Executive Offices) (Zip Code)
(713) 935-0122
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425).
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12).
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)).
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)).
Item 1.01 Entry Into a Material Definitive Agreement
On September 29, 2005, we, Natural Gas Systems, Inc. (the "Company"), through
our wholly-owned subsidiary, NGS Technologies, Inc., entered into a Master
Services Agreement ("Agreement") with MTEM, LTD., a United Kingdom corporation
("MTEM") to conduct a commercial U.S. application of MTEM's Multi-Transient
ElectroMagnetic survey technology at the Company's Delhi Field in Louisiana. On
October 3, 2005, we issued a press release regarding the foregoing Agreement.
The foregoing is qualified by reference to Exhibits 10.1 to this Current Report
on Form 8-K, which are incorporated herein by reference
Item 9.01 Financial Statements and Exhibits
Exhibits.
The following exhibit is filed as an exhibit to this Current Report on
Form 8-K:
Exhibit No. Description
10.1 Master Services Agreement, dated September 29,
2005, by and between the NGS Technologies, Inc. and
MTEM, LTD.
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 hereunto duly authorized.
NATURAL GAS SYSTEMS, INC.
Date: October 7, 2005 By: /s/ Robert Herlin
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Robert Herlin, Chief Executive
Officer
EXHIBIT INDEX
Exhibit No. Description
10.1 Master Services Agreement, dated September 29,
2005, by and between NGS Technologies, Inc and
MTEM, LTD.