New Century Energy Corp (NCRE)

[CosmoKramer]

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 (Bopd) and 1.950 million cubic feet of gas per 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 located onshore United States, primarily in Matagorda, McMullen, Goliad and Wharton Counties in Texas.

During 2007, The Company's proved oil reserves increased by over 88% due primarily to drilling success of new oil reserves in the Mustang Creek Field area in McMullen County, Texas and favorable well performance. Proved developed oil reserves now equal 1.3 million barrels, and comprise 80% of the Company's 1.6 million barrels of total proved oil reserves.


When the report was put out oil was $ 91.50 per barrel(page 4)
and gas was 6.27 per MCF.Oil alone at $91.50 comes to $147,589,500