EVOLUTION PETROLEUM CORP — Director's Dealing 2005

Apr 11, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATURAL GAS SYSTEMS INC/NEW (NGSY)
CIK: 0001006655
Period of Report: 2005-04-04

Reporting Person: Herlin Robert S (Director, Pres.& Chief Exec. Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-04	Employee Stock Option (right to buy)	$1.8	A	500000	Acquired	2015-04-04	Common Stock (500000)	Direct
2005-04-04	Stock Purchase Warrant	$1.8	A	287500	Acquired	2015-04-04	Common Stock (287500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000000	Direct

Footnotes

F1: The option and the warrant each vest quarterly over a four year period.