SOURCE: Universal Bioenergy Inc.
IRVINE, CA--(Marketwired - Oct 28, 2013) - Universal Bioenergy Inc. (OTCQB: UBRG), a publicly traded independent diversified energy company, announced its subsidiary NDR Energy Group, has sold an estimated 2.63 billion cubic feet (Bcf) of natural gas for the month of November. This is NDR Energy's highest volume of gas sold and revenues generated for the month of November in the last four years. The natural gas sold is expected to generate an estimated $9.78 million in revenues for the month of November alone.
The $9.78 million in gas sales booked for November is a 108.38% jump, or an increase of $5.08 million in sales over the $4.69 million of gas sold in November 2012. The $9.78 million in sales for the month of November 2013, represents 16.23%, of the $60.22 million in sales the Company generated for the entire fiscal year of 2013.
The 2.63 (Bcf) of sales of gas for November represents a 99.81% jump, or an increase of 1.316 billion cubic feet (Bcf), over the 1.318 (Bcf) of gas sold during the month of November in 2012. The volume of 85,000 MMBtu per day of natural gas sold is one of the highest in NDR Energy's history for the month of November. Additional sales of gas may be forthcoming for the month of November.
Universal Bioenergy is a high growth company, that generated over $60.22 million in revenues for the fiscal year ended June 30, 2013. NDR Energy Group, has contracts to sell natural gas to 31 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. The Company forecasts stronger sales of gas throughout the fiscal year.
NDR Energy Group's President, Ken Harris, says, "We continue the strong progression in our sales department. We are now seeing substantial sales of natural gas even prior to bid week. I anticipate additional sales for the months of November during the upcoming bid week. And, I am hopeful that we will carry this strong sales momentum throughout the remainder of the quarter."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc. is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com
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