Hybrid Energy Gas Portfolio Valuation Continues to Grow: US Energy Information Administration Revises 2010 Natural Gas Generatio
May 25 2010 - 8:30AM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) holdings projected
to increase 90% in valuation as the Department of Energy - Energy
Information Administration (EIA) revises 2010 projected growth in
Natural Gas Generation in the electric power sector to 3.8% from
2.0%: a 90% increase.
The EIA, in its authoritative monthly Short-Term Energy Outlook,
additionally expects the Henry Hub natural gas spot price to
increase 20% year to year: as US real gross domestic product (GDP)
will grow by 3.0 percent and world real oil-consumption-weighted
GDP will increase by 3.6 percent in 2011.
The Company is actively involved in various stages of acquiring
numerous energy technology assets, energy production properties,
and increasing production on its current holdings. Additionally,
the Company recently announced it has begun development and
property integration plans using innovative technology that will
convert flare gas, a byproduct of oilfield production, so named
because it is commonly disposed of by continuous burning during
drilling operations, into a synthetic and commercially viable form
of crude oil.
This technology not only will increase the Company's production
efficiencies and profitability, but once installed, it represents a
technology that can be licensed to gas and oil producers globally,
thereby increasing the Company's revenue and shareholder value. The
Company is analyzing various other technologies to improve the
production efficiencies of its gas and oil production, while at the
same time reduce its carbon footprint.
The Company recently announced its intended acquisition of
proven, untapped reserves of Natural Gas divided between two wells.
The estimated value of this acquisition is approximately
$30,000,000 and its production levels had increased 864% year over
year; and expects further increases in production levels and
increases in revenue and shareholder value.
The Company's portfolio consists of multiple energy production
properties delivering profitably and strong recurring cash-flows.
The company's current holdings include 35 Billion Cubic Feet of
reserves and produces from an estimated $30,000,000 in active
reserves and an additional estimated $145,000,000 in available
reserves.
The Company has acquisitions currently under consideration and
when completed are projected to bring the Company's portfolio value
above $200,000,000 in proven energy reserves.
About Hybrid Energy Holdings Hybrid Energy
Holdings (HEH) acquires and operates profitable energy companies
with strong historical cash-flow and sustainable profitability.
HEH's acquisitions are focused primarily on traditional and proven
fuel production and the latest in energy conservation and power
co-generation technologies. HEH may acquire nascent energy
technology or rights as portfolio enhancing assets. HEH's primary
business strategy is the acquisition of diverse, profitable energy
related assets that provide synergistic profits and revenue
enhancements across all portfolio companies.
HEH believes its combination of profitability and mitigated-risk
funding structures provides long-term shareholder equity
appreciation.
The Company maintains its web site at:
www.HybridEnergyHoldings.com.
Safe-Harbor Statement This release
contains statements or projections regarding future performance
that is forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties. The company's filings contain various RISK FACTORS
(and are incorporated on the Company's website "investors" section
by reference) and should be read before any investment
decision.
Contact: Hybrid Energy Holdings, Inc. Investor Relations
Tel: +1 (775) 636-7602 Fax: +1 (775) 996-7330
info@hybridenergyholdings.com
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