QualityStocks.net News – New Century Energy Corporation (NCEY.OB) Discovers New Oil During Drilling Program

At http://www.qualitystocks.net/ you can sign up for Quality Stock's Daily Newsletter to find out what Small-Cap and Micro-Cap online Investment Newsletters are interested in, plus hear about the latest news from our clients as well as other publicly traded companies.

We would like to highlight New Century Energy Corp. (OTCBB: NCEY). The company engages in the acquisition, development, exploration, production, and sale of oil and natural gas in Texas. Their oil and gas properties are located in the following counties of Texas: Matagorda, McMullen, Goliad, and Wharton. The company has proved reserves of 1,613,000 barrels of crude oil and 3.0 billion cubic feet of gas, as of December 31, 2007.

In the company’s recent news,

New Century Energy Corporation (OTCBB: NCEY) announced that they have come upon a new oil discovery stemming from their current drilling program in McMullen County, Texas. The recent report indicates positive results and continued success regarding their newest oil completion in the San Miguel Creek Field. The Rabke-Maspero unit #4 well was recently completed at a depth of 5,500 feet and has been consistently flowing over the past week at rates in excess of 85 barrels of oil per day.

New Century’s CEO, Edward DeStefano commented on additional pipe reserves that are in production, “We own 100% of the working interest in this well through our subsidiary Gulf Coast Oil Corporation. In addition to this completion in the Wright Sand, we have also identified probable behind pipe reserves in this well that will be production tested after the current completion depletes. The production facility is built and oil sales have already commenced from this new well.

“Also, during May we drilled and set production casing in two new additional wells in this field and completion operations on these wells will commence next week. Based on our ongoing 3D seismic interpretation program in McMullen County, we have identified numerous additional drilling prospects on company-controlled acreage, and plan to continue drilling throughout 2008 and into 2009,” Mr. DeStefano concluded.

About QualityStocks

QualityStocks.net, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks.net is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.