New Century Exploration, Inc.

New Century Exploration, Inc. is an independent energy exploration company based in Houston. New Century has a sizable inventory of leases in Texas and Louisiana, comprising a large diversified portfolio of both conventional and unconventional drilling opportunities in key trends. The company uses the latest well and exploration technology with over 6,000 square miles of 3D seismic data to develop its properties. The New Century team has a history of sustainable growth with a focus on the future.

In the race for energy track record does count. In 2000, New Century Exploration had 3 producing properties in its portfolio. Today the company has 40, plus strategic positions in several developing Resource Plays. Powering this performance is a team of industry experts with advanced technology and a great range of skills: Geology, Geophysics, Land, Well and Reservoir Engineering. And leadership with the experience and foresight to execute its business plans.

The New Century team has worked together for years and has shared success on many projects. The guiding light of our operations is good stewardship of the land and a commitment to preserve the natural environment. We take our responsibility to the earth seriously and strive to leave the smallest footprint possible - with the land in as good or better condition after our operations as before.

Exciting new development opportunities are arising in the energy field. Technology now makes it possible to produce clean-burning natural gas from shale, the last sediment to be developed. Huge strides have been made in horizontal drilling and fracing technology in shale and tight gas sands, which have allowed the commercial development of these resources on a scale large enough to impact our national energy supply. Shale gas currently supplies 8% of our gas supply and is expected to rise to 18% by 2015.

We are actively involved in several key resource plays, including the Haynesville and Bossier in East Texas and North Louisiana. We are fortunate to have a large lease position with the people and technology to develop it wisely.

New Century has thousands of acres of strategic oil and gas leases with significant upside. Our growth strategy is to aggressively develop our asset base as follows:

Independents drilled 96% of all wells in Texas in 2006, producing 92% of the oil and 88% of the natural gas. Independents represented 40% of the total US rig count and 60% in the Gulf Coast in March 2008.

We live in a vibrant global economy which is strongly influenced by the need for energy. The most efficient and available source of energy is oil and natural gas but national oil companies and governments control a majority of the world's reserves. Strong efforts must be made to reduce and conserve our own energy usage while doing our best to develop what we have in our country.

It's a long, dark way down to the black gold..... New well ready to spud in Louisiana

Competition for oil and gas reserves on the world market by China, India, Asia and Europe has driven prices to historic levels with no obvious end in sight. The International Energy Agency predicts that the world will be consuming 115 million barrels a day of oil by 2030, a huge increase from the current 85 million barrels per day. Every barrel of oil produced in this country reduces the outflow of cash to purchase foreign reserves.

The natural risks associated with natural gas exploration have been greatly reduced by technology. In many areas Shale and tight sands trap contain gas across very large areas and can now be produced using big improvements in horizontal drilling and frac technology. In other areas smaller, more discrete, traps can be identified by 3D seismic that highlights natural gas' distinctive signature. Sound waves sent deep into the earth are analyzed by highly sensitive equipment which can often see the effect of gas reserves, or differentiate lithology. New Century's thousands of square miles of 3D seismic data contain multiple opportunities to develop new gas reserves. The dividends are more efficient operations with less risk and higher profits.

Natural Gas is half the price of oil in BTU value and 98% of our natural usage is produced here versus 65% of our oil, which is imported. Natural Gas powered vehicles emit up to 90% fewer pollutants than gasoline powered ones and cost much less to operate. Natural Gas power plants cut carbon emissions in half and emit zero particulates, sulfur dioxide and mercury, making them a complimentary adjunct to wind and solar power. Natural gas is significantly friendlier to the environment than biofuels.

We are able to extend our reach through strategic alliances and we use a portfolio investment strategy to maximize growth and returns from oil and natural gas investments. A mix of low, medium and high risk wells make up our exploration programs and only projects with attractive economics are pursued.

Our budgetary targets have been very reliable. We rely on turnkey drilling contracts whenever possible and we have close ties with proven and experienced contractors, vendors and suppliers who also help insure efficiency and low costs.

We take pride in timely and accurate communications and provide complete in-house and contractual prospect-to-production project management including:

A large portion of our operations are funded through oil and gas revenues in addition to joint venture partners. From time-to-time we capture current values through production sales and divestitures may be pursued in strategic situations to provide successful investment returns to all participants. Oil and gas assets are occasionally acquired in order to capture unproduced reserves through improved production and development.

The information on this page is for general purposes only and is not a solicitation. Thanks to the strength of our company team we have been successful in lowering the risks associated with drilling for oil and gas while maintaining consistent reserve growth.

New Century Exploration, Inc.

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