updated 6/3/2011 2:18:01 PM ET 2011-06-03T18:18:01

IRVINE, Calif., June 3, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), announced that Progas Energy Services continues to progress in the development and drilling of the Premont Northwest oil and gas field in Jim Wells County Texas and has discovered more oil and gas and increased the production rates in the wells in several new zones. Progas Energy Services is Universal's joint venture partner in developing the field in Jim Wells County Texas.

The recent work over to open up additional gas sands in the Guerra #2 well were successful in bringing into production a previously untested zone in field thereby proving up additional reserves for the well and the field. Per previous reports, the lower Laughlin zone, a Frio sand at a depth of 3338 to 3345 feet was tested and obtained good deliverability for a well for its depth. This sand was isolated from the upper or second sand so that the upper sand could be opened up and tested on a standalone basis and isolated from the lower gas sands production. This previously untested upper or second zone at a depth of 3320 to 3330 feet was opened up and perforated on May 5th and testing was initiated on May 12th. The well came in natural without the requirement for fracturing the well or otherwise stimulating the formation to aid production from the gas sand. Production rates are not available at this time but preliminary reports indicate that the upper Laughlin gas sand should equal the lower Laughlin sands gas production rates.

This well represents a new discovery and a pleasant surprise to the partners because the other sections of the Laughlin sand in the field had been productive of oil only. This section of the sand which has been opened up in two lobes of the Laughlin gas sand in the Guerra #2, which zones could increase the natural gas reserves of the field significantly. In addition to these two zones that have proven to have commercial production potential, there exist another 7 gas zones and 3 oil sands that cored and or tested oil and gas during drilling and logging operations in the Guerra #2. These sands appear to be present in a large portion of the field. Estimates of the reserves of these zones are not available at this time but should increase overall gas reserves of the field significantly.

Progas Energy intends to move a completion rig onto the Garcia #2 well within the next two weeks for the completion of a second zone. That well is currently producing commercial quantities of oil from the lower Barnsdall sand at a depth of 3420 feet. The Premont Northwest Field is highly unusual due to the number of stacked oil and gas sands in the Frio and Miocene formations in the field, with as many as 12 to 14 sands having been tested or cored for oil or gas in each of the first three wells drilled thus far. 

Universal intends to continue to exercise its right of continued participation and development in the field with Progas and several other independent Texas oil and gas companies in a project that due to the size of the field and the number of zones present in each well represents up to 2 to 3 years of growth and increased value as the field is developed. The three initial wells were drilled nearly a mile apart proving up a large part of the field. The next 4 wells are anticipated to be drilled within the next 30 to 60 days, with two wells being drilled on inside locations or locations between existing wells with 2 wells extending the perimeter of the field.

About The Company

Universal Bioenergy Inc. is an alternative energy company, and intends to create and market natural and alternative energy sources including natural gas, solar, biofuels, wind, synthetic fuels and related energy technology products. It plans to build the company into a prominent player in alternative energy.

The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784

Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

CONTACT: Media Relations:
         Solomon Ali

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