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Last Post: 1/21/2016 9:37:43 AM - Followers: 36 - Board type: Free - Posts Today: 0

New Century Energy Corp, headquartered in Houston, TX, is anindependent oil and gas exploration and production company, withdaily net production to its working interest of approximately 750barrels of oil per day (Bopd) and 1.950 million cubic feet of gasper day (Mcfgpd). The Company's proved reserves as of December 31,2007 are 1,613,000 barrels of crude oil and 3.0 billion cubic feet(Bcf) of gas. The Company's major areas of operations are locatedonshore United States, primarily in Matagorda, McMullen, Goliad andWharton Counties in Texas.

During 2007, The Company's proved oil reserves increased by over88% due primarily to drilling success of new oil reserves in theMustang Creek Field area in McMullen County, Texas and favorablewell performance. Proved developed oil reserves now equal 1.3million barrels, and comprise 80% of the Company's 1.6 millionbarrels of total proved oil reserves.

The Company currently has approximately 20,700 gross acres and19,000 net acres of oil and gas leaseholds on shore inTexas..

Share Price: $.025 8/19/2008
52 Week High: $.74
52 Week Low: $.008

Share structure:
Authorized Shares: 200M
Outstanding Shares: 56,010,612 Verified by Trendfinder on 6/17/2008with the company

CEO - Edward R. DeStefano Owns 37,516,350 Shares
Promethean Industries, Inc. 5,595,460 Shares

2008 Reserve Report:

New Century Energy Corp.
1770 St. James Place, Suite 380
Houston, Texas 77056
CEO - Edward DeStefano
Phone: 713-266-4344
Website -

Transfer Agent
Continental Stock Transfer & Trust Company
2 Broadway 19th Floor
New York, NY 10004
Phone: 212-509-4000
Fax: 212-732-4300

New Century Energy's mission is to increase shareholder value byacquiring producing properties, profit from current drilling anddevelopment activities, and engage in opportunistic joint venturesthat can expand its development program and prospect base.

The Company Strives to:

Increase production and reserves by acquiring and exploitingreserves at an attractive costs.

Target under-exploited oil and gas properties for acquisition
Produce our reserves at the most economic and profitible rates,with rapid payback on capital invested.

Explore and develope reserves on our expanding acreageholdings.

Apply 3-D seismic and other state of the art technologies toincrease our drilling success rate.

Expand our exploration activities particularly for shallow gas andoil reserves in areas of our historical success..
Continue our stratigic joint venture activities with experiencedoil and gas exploration teams and technical specialists.

Our Business Strategy for 2008 & 2009

As a part of our corporate strategy, we expect to remain focused inthe following operational and project areas:

Remain focused in Texas Gulf Coast onshore region;

Acquire properties and proven reserves where we believed additionalvalue can be created through a combination of exploitation,development, exploration drilling and expanding marketingopportunities;

Acquire properties that give us a majority working interest andoperational control or where we believe we can ultimately obtainit;

Maximize the value of our properties by increasing production andreserves while reducing operating costs;

Maintain a highly experienced team of operations and explorationconsultants using state of the art 3D seismic technology to preparedetailed field geological studies; and

Develop drilling prospects and acquire acreage positions over newdrilling areas, for future drilling by the Company or farm out toqualified industry partners. In connection with this strategy, newprojects are being evaluated in Texas.


Revenue Estimate For Q2, FY 2008 - Per OptionMonster and BUDF0X

Daily Chart with IchiMoku Clouds

Weekly Chart


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No one is responsible for your gains or losses in the market exceptyou. If you follow stocks, strategies discussed on this board, youmay lose all your money. Please weigh the strategies discussed herecarefully against what you are willing to risk.

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PlusOneCoin Top Posts
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#9737   NCEYQ SEC Admin Proceeding for Financials / Filings delinquencies: Renee 01/21/16 09:37:43 AM
#9736   hey man how are you doing? eddy2 11/25/14 03:55:01 PM
#9735   I would love to additional information on this. OilStockReport 06/07/11 04:21:34 PM
#9733   They are spending money like drunk indians down rickyracer 12/27/09 09:04:48 AM
#9732   Nothing here for awhile. Its a shame whats investorguy 11/24/09 12:56:15 AM
#9731   Any news? I know they are BK but JRyan 09/04/09 08:31:23 PM
#9730   Yup, JRyan 06/16/09 08:11:42 PM
#9729   Why still trading? JRyan 06/16/09 08:06:37 PM
#9727   Crap, that is not good at all. Oh JRyan 04/17/09 03:50:13 PM
#9726   JR, stockholders are dead. Trueheart 04/15/09 08:38:09 PM
#9725   Nothing huh? Darn. JRyan 04/06/09 04:51:01 PM
#9724   I just left a message for DeStefano asking Trueheart 03/31/09 04:34:59 PM
#9723   Any News to speak of?? JRyan 03/19/09 08:37:28 PM
#9722   someone felt like they needed 92k shares today edwards 02/26/09 05:17:18 PM
#9721   well is it that time edwards 02/25/09 11:13:54 AM
#9720   Would be nice to get this settled so Trueheart 02/24/09 05:53:50 PM
#9719   looks like it edwards 02/24/09 04:04:42 PM
#9718   .022? Something up? wisardd1 02/24/09 01:45:58 PM
#9717   You're welcome. Trueheart 02/12/09 02:01:39 PM
#9716   Thanks for the info. It was nice of bob_fr_newnan_ga 02/12/09 01:26:42 PM
#9715   I just spoke with DeStefano. The company Trueheart 02/11/09 05:01:03 PM
#9714   I called DeStefano at the office. He Trueheart 02/11/09 02:32:36 PM
#9713   May it rest in peace for now. doggone01 01/20/09 10:18:51 AM
#9712   Looks like NCEYQ is done for now Fedex11 © 01/19/09 10:08:12 PM
#9711   just revisited this board LEI looked at it Fedex11 © 01/14/09 09:01:24 PM
#9710   Agreed! wisardd1 11/24/08 09:08:48 PM
#9709   On September 29, 2008, the Bankruptcy Court, approved feinanddandy 11/23/08 10:13:50 AM
#9708   +50% on 5k shares, LOL WIDESPREAD PANIC 11/18/08 06:10:24 PM
#9707   Hello OM, I hope you're doing well. feinanddandy 10/27/08 08:29:39 PM
#9705   This stock needs to come back to life. radar72 10/21/08 11:30:39 PM
#9704   You're welcome, wisardd. Trueheart 10/14/08 10:23:33 AM
#9703   Yes, great news from Mr. D!! blimps 10/14/08 10:06:06 AM
#9702   Roger that, Skunk. Trueheart 10/13/08 09:57:42 PM
#9701   responded to wrong post..this is the one I skunksyard 10/13/08 09:52:15 PM
#9700   Skunk, you should give Mr. DeStefano a call. Trueheart 10/13/08 09:47:11 PM
#9699   "he is working every day toward keeping the skunksyard 10/13/08 09:41:43 PM
#9698   That's good news! Thanks True wisardd1 10/13/08 07:22:03 PM
#9697   I spoke with Mr.DeStefano a while ago. Trueheart 10/13/08 04:08:11 PM
#9696   very slooooooooow! wisardd1 10/07/08 08:01:14 PM
#9695   Slow acting poison? Trueheart 10/07/08 03:21:39 PM
#9694   How come we are not dead yet? wisardd1 09/17/08 12:19:55 PM
#9693   Think we get any action on Monday? ShootinBlanks 09/13/08 04:51:17 PM
#9692   Anyone know anything new? wisardd1 09/12/08 01:35:42 PM
#9691   O.K...I get your strategy now...hope for a miracle rubellite0013 09/08/08 04:58:15 PM
#9690   The money in NCEYQ is spent. Trueheart 09/08/08 04:11:07 PM
#9689   No debt vs $65 million + put LEI rubellite0013 09/08/08 03:40:45 PM
#9688   My apologies for the mistake regarding the exchange Trueheart 09/08/08 02:34:38 PM
#9687   A few posters here where speculating all NCEYQ rubellite0013 09/08/08 02:31:32 PM
#9686   I don't own any Lucas Energy stock or rubellite0013 09/08/08 02:28:43 PM
#9685   My real point being that Lucas is a Trueheart 09/08/08 02:23:01 PM