Big Promotion Campaign for Next Generation Energy (PINK:NGMC)

Tomahawk, WI 8/15/2011 (PennyPayDay) – Next Generation Energy Corp (PINK:NGMC) on Friday announced, in a press release, that it has entered into an agreement to purchase 7,715 acres of natural gas and oil rights in the prolific Devonian Shale region of South Eastern Kentucky. NGMC is also under a heavy promotion via e-mail campaign initiated over the weekend and should see a significant volume spike today.

The property consists of 39 tracks located in the Knox County area of southeast Kentucky known for large reserves of natural gas and oil. The appraised value of these commodities on this property is estimated at $55 million or more. Darryl Reed, NGMC CEO, stated that "this acquisition is a home run for NGMC as the property can support up to 80 wells and can generate $55 million in natural gas and oil revenues at today's energy prices. Any increase in energy prices will be pure upside for the Company."

"Another major advantage for developing these tracts is that recovery is achieved at much shallower depths (between 2000 and 2500 feet), thereby significantly reducing drilling costs," said Mr. Reed. "Natural gas and oil wells in Kentucky are legendary for producing for very long periods of time and in some cases wells have produced for 20 to 100 years. Since the development of new drilling technologies such as horizontal drilling, hydraulic fracturing, and others, wells can be much more productive then earlier convention drilling methods."

"The State of Kentucky is very energy development friendly and offers a variety of rich geological resources through the University of Kentucky and the Kentucky Geological Survey," Mr. Reed said.

"This important addition to our energy producing property portfolio is the largest to date. Next Generation Energy Corp. is in the process of selecting a highly qualified and reputable operator to begin developing these newly acquired tracts. On another level, we are proud to contribute to increased supplies of domestically recovered energy, reducing our dependence on foreign sources," Mr. Reed concluded.

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