Next Generation Energy Corp. Retains Petro Lucre to Provide Acquisition Advisory Services

LORTON, Va., Aug. 17, 2011 /PRNewswire/ -- NEXT GENERATION ENERGY CORP (NGMC : OTCQB) continues to aggressively expand its portfolio of natural gas and oil producing properties and has retained Petro Lucre of Houston, Texas to assist in identifying income producing assets for acquisition.  

Petro Lucre is a leading source for Turn Key Oil Solutions. Based in the US serving the oil & gas industry as an consulting and vertically integrated investment firm that was established in 2008 that is in the process of applying for registration as an investment bank. Petro Lucre is developing opportunities in the areas of: oil and natural gas investment, project acquisition, financing, and public company consulting needs. For more information: http://PetroLucre.com

Year to date NGMC has acquired 10 natural gas wells, royalty interests in 4 producing natural gas and oil projects and has entered into an Agreement to acquire over 7000 acres of proven natural gas and oil producing property in South Eastern Kentucky that will add over 80 wells to our growing portfolio.

Mr. Reed stated that, "Because we have an extremely aggressive growth strategy we have partnered with Petro Lucre to assist us in identifying candidates for acquisition and inclusion in our portfolio of income producing properties. We selected Petro Lucre because of their extensive experience in the industry, larger access to opportunities and wide ranging capabilities," Reed went on to say.

John Mink, GM of Petro Lucre stated, "We believe there is synergy with NGMC and we have already identified acquisition targets in the areas of Colorado, Louisiana and Kentucky that meets NGMC's criteria." Mr. Mink further stated, "We are excited to be able to work together with management to expand the income producing assets in NGMC's portfolio."

 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
Next Generation Energy Corp.
703-372-1282
[email protected]

Paul Knopick
E & E Communications
949-707-5365
[email protected]

John Mink
Petro Lucre
512-650-4632
[email protected]
http://PetroLucre.com

SOURCE Next Generation Energy Corp.