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Universal Bioenergy Inc expects USD9m earnings from major gas storage deal and new profit centres.

M2 EQUITYBITES-May 7, 2012-Universal Bioenergy Inc expects USD9m earnings from major gas storage deal and new profit centres(C)2012 M2 COMMUNICATIONS

Energy company Universal Bioenergy Inc (OTC Markets:UBRG.PK) said on Friday that it anticipates strong earnings in the range of USD6m to USD9m from previous gas storage services and other new gas profit centres agreement.

The company's new profit centres will include natural gas scheduling, gas nominations, capacity releases for the release of transportation capacity on interstate natural gas pipelines, gas transmission and delivery via the interstate pipeline system to their local utility customers.

As part of the 2012 goal, the company will have pipeline balancing, risk management to develop supply pricing strategy, options, demand, futures contracts, spot market sales, gas storage to match seasonal load variations and production over periods of fluctuating demand and gas trading for physical trading, financial trading and hedging of gas futures.

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Publication:M2 EquityBites (EQB)
Date:May 7, 2012
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