EVOLUTION PETROLEUM CORP — Director's Dealing 2005

May 13, 2005

SEC Form 3/A — Form 3/A

Issuer: NATURAL GAS SYSTEMS INC/NEW (NGSY)
CIK: 0001006655
Period of Report: 2004-05-26

Reporting Person: CAGAN LAIRD Q (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6480000	Direct
Common Stock	500000	Indirect
Common Stock	500000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Warrants (right to buy)	$1	2011-05-27	Common Stock (82500)		Indirect
Common Stock Warrants (right to buy)	$1	2011-05-27	Common Stock (159)		Direct

Footnotes

F1: Represents shares held in trust for the benefit of the reporting person's minor children.

F2: Represents warrants held by Cagan McAfee Capital Partners, LLC, of which Mr. Cagan owns a 50% interest and shares voting and dispositive power. This was previously erroneously reported as 150,000 warrants in the Form 3 filed June 16, 2004.