Universal Bioenergy Announces November Sales Up 108% -- Sales Jump to $9.78
NDR Energy Group Sells 2.63 Bcf of Natural Gas for November -- Volume
IRVINE, CA -- (Marketwired) -- 10/28/13 -- 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
For inquiries contact: Media Relations: Solomon Ali at 704-837-5705
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information that are forward looking statements within the meaning of
Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. Such statements are only forecasts and actual
events or results may differ materially from those discussed. For a
discussion of important factors which could cause actual results to
differ from the forward looking statements, refer to Universal
Bioenergy Inc.'s most recent annual report and accounts and other SEC
filings. The company undertakes no obligation to update publicly, or
revise, forward looking statements, whether as a result of new
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