Universal Bioenergy Announces NDR Energy Group's Sales of Natural Gas Jumps 35.45%, to $28.15 Million
IRVINE, Jun 13, 2013 (GLOBE NEWSWIRE via COMTEX) -- 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 8.44 billion cubic feet (Bcf) of natural gas for the first six months of this year. The estimated sales of natural gas is expected to generate a projected $28.15 million in revenues for the period ending June 2013, which is a 35.45% increase over the $20.78 million in revenue generated in gas sales for the same period in 2012. This should help propel the Company's drive toward stronger sales and earnings this year.
The 8.44 (Bcf) of estimated sales of gas sold from January through June 2013, represents a 4.67% increase, or 0.376 billion cubic feet (Bcf), over the 8.069 (Bcf) of gas sold during the same period in 2012. The estimated volume of natural gas sold by NDR Energy for this period is one of the highest in NDR Energy's history.
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