New Century Energy Corp (NCRE)

[jaybird249]

NCEY DD SUMMARY: $3 TARGET:
Looking for the next Oil and Gas Momentum play with the potential to gain 500% - 1000% in a short time? NCEY ($.37 +.11) is the most undervalued Oil play be EVERY metric.

1) PROFITABLE in Q2 2008 WITH OVER 750 BOE DAILY PRODUCTION (from company website). REVENUES WILL APPROACH $10 MILLION PER QUARTER AT CURRENT OIL AND GAS PRICES OR $40 MILLION ANNUALLY.

Thats some 700% HIGHER than small cap oil companies like PDO or ROYL with $125 - $150 MM market caps.

2) NCEY has ONLY $20 MM market cap (56 Million shares OS and 19 MM float) a HUGE discount to other mid size profitable oil and gas stocks.

3) NCEY is a LAGGARD in hottest sector, oil and gas. MOMENTUM players have sent stocks like PDO and MXC from single digits to $20 ++ NCEY is next IMO.

4) NCEY is one of the FASTEST GROWING LOW COST OIL PRODUCERS IN NORTH AMERICA.

5) In 2005 during the last sector boom, NCEY ran to $1.60 when it has much lower sales and production.

SUMMARY OF NCEY PRODUCTION RESULTS

-Q1 2008: Oil Production averaged 550 BOE/day.
April 2008:
-April 2008: Completed a new oil well in Wharton County making 80 BOE/day.

-June 2008: Completed another Large Texas Well at 85 BOE / day.
-2 More Texas wells to be completed before end of June 2008.
FROM NCEY WEBSITE: CURRENT NET PRODUCTION 750 BOE / DAY OIL:

New Century Energy Corp, headquartered in Houston, TX, is an independent oil and gas exploration and production company, with daily net production to its working interest of approximately 750 barrels of oil per day