Next Generation Energy Corp. Acquires Royalty Interest in Texas Natural Gas and Oil Property

May 3, 2011 - PRLog -- LORTON, Va., May 2, 2011 /PRNewswire/ -- Next Generation Energy Corp. (OTC-NGMC.ob - News) today announced it has acquired a royalty interest in an existing, producing natural gas and oil property located in the Permian Basin, Tri-Rue (Reef) Field, in Scurry County, Texas.

"The property is producing approximately 1,000 barrels of oil and 660 MCF of natural gas per month.  The Canyon Reef Formation is on the edge of the Permian Basin and one of the most prolific oil and natural gas formations in West Texas," said Darryl Reed, CEO.

Both the oil and natural gas is marketed through Sunoco, Inc., (R&M), a subsidiary of Sunoco, Inc. (NYSE-SUN - News).  "We anticipate that this property, which was recently completed, will provide Next Generation Energy stable royalty income for the long term," Mr. Reed said.

NGMC (NGMC.PK) is engaged in the acquisition of high quality royalty interests in energy producing properties throughout the U.S. NGMC focuses on obtaining royalty interests from proven, developed properties that currently generate income streams from the production of natural gas, oil and coal.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Darryl Reed
CEO
703-372-1282      
IR@nextgenerationenergycorp.com
   
   
Paul Knopick
E & E Communications
(949) 707-5365      
pknopick@eandecommunications.com

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