The parties have agreed to move forward with an agreement for NDR Energy Group to obtain large natural gas supplies with these world class natural gas suppliers. The relationship with these suppliers will give NDR Energy Group strategic access to major supplies of natural gas for its electric utility customers for distribution and power generation throughout the entire United States. This would give NDR Energy Group the potential to grow into a major U.S. natural gas marketing company.
NDR Energy also had discussions regarding entering into a potential ISDA (International Swaps and Derivatives Association) Agreement, to participate in the energy market for over-the-counter derivatives. An ISDA Agreement would provide NDR Energy Group additional access to both natural gas and power/electricity supply for its utility customers across the United States.
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