Corporate Information

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.

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

The Company Strives to:

• Increase production and reserves by acquiring and exploiting reserves 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 acreage holdings.
• Apply 3-D seismic and other state of the art technologies to increase our drilling success rate.
• Expand our exploration activities particularly for shallow gas and oil reserves in areas of our historical success..
• Continue our stratigic joint venture activities with experienced oil 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 in the following operational and project areas:

1. Remain focused in Texas Gulf Coast onshore region;
   
2. Acquire properties and proven reserves where we believed additional value can be created through a combination of exploitation, development, exploration drilling and expanding marketing opportunities;
   
3. Acquire properties that give us a majority working interest and operational control or where we believe we can ultimately obtain it;
   
4. Maximize the value of our properties by increasing production and reserves while reducing operating costs;
   
5. Maintain a highly experienced team of operations and exploration consultants using state of the art 3D seismic technology to prepare detailed field geological studies; and
   
6. Develop drilling prospects and acquire acreage positions over new drilling areas, for future drilling by the Company or farm out to qualified industry partners. In connection with this strategy, new projects are being evaluated in Texas.