Here is what the company says about it's self.
NEXT GENERATION ENERGY CORPORATION's strategy is to acquire properties that are distressed, undervalued or underutilized and acquire them at below fair market value. The Company will then provide long term leases to leading natural gas, oil field development firms and coal extractors to efficiently extract the resources.
This operating model will create significant shareholder value by reducing expenses and increasing profitability. Since our properties will be acquired at below fair market value, the spread between acquisition costs and contract royalty prices increase our profit margins.
This methodology will serve to insulate the Company from much of the volatility in energy market prices. Outsourcing exploration, drilling and mining operations will enable the Company to engage the expertise of highly qualified, environment conscious, lessees to develop and manage the daily
production of leased properties.
The Company’s initial acquisitions will focus on properties that are primarily located in regions of Devonian shale in the Appalachian Basin of the Eastern United States. Devonian shale has proven reserves of natural gas, coal and oil. Devonian shale gas is becoming a major source of natural gas in the U.S.. New technologies in horizontal drilling and hydrologic fracturing are significantly improving the recovery efforts of natural gas. . In addition, advancements in coal mining technologies will improve productivity, reduce costs and improve safety.
