This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Universal Bioenergy's NDR Energy Announces Record Sales Of 2.25 Billion Cubic Feet Of Natural Gas For June

IRVINE, Calif., June 5, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCQB:UBRG), a publicly traded independent diversified energy company that markets and distributes natural gas, electricity, petroleum and coal, announced that its subsidiary, NDR Energy Group, sold an estimated 2.25 billion cubic feet (Bcf) of natural gas for the month of June. The record sales volume of natural gas is expected to generate an estimated $8 to $9 million millions in revenues for June, and help propel the Company's drive toward strong earnings. This set a new record of gas sales volume for the month of June for NDR Energy Group.

The 2.25 (Bcf) of estimated sales of gas booked for June represents a 7.38% increase, or 0.155 billion cubic feet (Bcf), over the 2.10 (Bcf) of gas sold during the month of June in 2012. The volume of estimated natural gas sold by NDR Energy is the highest in the Company's history for the month of June.

Universal Bioenergy is a high growth diversified energy company. Through its subsidiary, NDR Energy Group, it has contracts to sell natural gas to 30 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers throughout the country.

NDR Energy Group's President, Ken Harris, says, ""Our preliminary estimates indicate that NDR has broken our record for volumes of gas sold during the month of June. It appears we have already sold over 2.25 (Bcf) of natural gas to three of our utility customers. We continue to have a strong sales presence on both the east coast and in the western states. And now, we are gathering traction in the Mid-west. Rickey Hart, our Vice President of Business Development, has done a tremendous job in growing our relationships with strategic end-users. As both production and supply stabilize and the possibility of natural gas exports grows, we are rapidly finding ourselves in the midst of abundant opportunities in the natural gas marketplace."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs