This is UBRG:
NDR Energy Group LLC. In April 2010, we expanded into the natural gas energy market by the acquisition of a 49% stake in NDR Energy Group LLC, in Charlotte, North Carolina. NDR Energy markets natural gas, and was established in the State of Maryland on September 28, 2005.
Progas Energy Services Joint Venture. On December 17, 2010, we signed an agreement with ProGas Energy Services Inc., of Texas, to jointly develop the Northwest Premont Oil & Gas Field located in Texas’s Gulf Coast natural trend, in Jim Wells County Texas. Although no assurances can be provided, the plans include potentially developing up to 115 oil and gas wells from this field.
Universal and Progas Energy “Strikes Oil & Gas”. On March 3, 2011, the Company announced that Progas Energy Services had stuck oil and gas on several wells that it had drilled in the Northwest Premont oil and gas field in Jim Wells County, Texas. Although there are no guarantees as to the quantity of oil that can be extracted or the maintaining of current oil prices, management believes that the field possibly houses 20,000,000 Bbls of oil, with an estimated value of $1.98 billion based on the June 10, 2011 NYMEX price of $99.21, and over 20,000,000 mcf of natural gas, with an estimated value of $95.6 million, based on the June 10, 2011 NYMEX price of $4.78.
Letter of Intent with Pacific Rim Native American Investments for Oil and Gas Project. On June 8, 2011, the Company announced that it signed a Letter of Intent with Pacific Rim Native American Investments Corporation, a Native American company for an oil and gas development transaction with, as represented by Pacific Rim Native American Investments Corporation, a potential sales value of $500 million to $1 billion over five years. If a definitive agreement is reached, our Company would act as Developer and Manager to develop, explore, drill, manage and market the oil and natural gas potential on lands and territories owned, managed or controlled by Pacific Rim on behalf of many sovereign Indian Nations and Tribes, in the States of California, Oregon, Nevada, Arizona, Montana and Oklahoma.
Standard & Poor's Initiates Stock Report Coverage on Universal. On April 7, 2011, Standard & Poor’s commenced Factual Stock Report coverage on Universal Bioenergy. S&P’s Factual Stock Report coverage will be accessible on an ongoing basis to the investment community by scores of buy-side institutions, and sell-side firms that utilize S&P research and information platforms daily.
3.41 BCF of Gas Sold in December 2010. In December 24, 2010, the Company achieved a record sales volume of 3.41 billion cubic feet, (Bcf) of natural gas to six of its 22 utility customers for the month of December, through NDR Energy Group LLC.
Texas Gulf Oil & Gas Inc. As part of our plans for growth and expansion, we established a new division, known as Texas Gulf Oil & Gas Inc. Its purpose is to develop oil and gas projects, and allow us to be a producer and direct supplier of natural gas, and to manage the transmission and marketing of the product to our major utility customers nationwide.
Application for Listing on the Frankfurt Stock Exchange. The Company has applied to have its stock listed on the Frankfurt Stock Exchange in Frankfurt, Germany. The Frankfurt Stock Exchange is one of largest trading exchanges for securities in the world. The Frankfurt Stock Exchange is home to public companies from over 80 different countries with almost 40% from North America.
