New Century Energy Corp (NCRE)

[cayman_west]

New Century Energy Corp. recently announced record financial and operation results for the year ending December 31, 2006, including the following:

· Oil and gas revenue grew to $ 14.9 million for the twelve months ending December 31, 2006, compared to $ 7.0 million in the prior year, an increase of 115% compared to 2005;

· Total production for the year 2006 grew by 147% to 302,400 barrels of oil equivalent (BOE) compared to 2005 results of 122,400 BOE;

· Total reserve growth of over 40%, with year end 2006 total proved reserves of 2.0 million barrels of oil equivalent (BOE);

· Gross acreage under lease grew in 2006 by 275% to 17,200 acres, compared to 6,275 acres in 2005