New Century Energy Corporation (NCEY.OB) Discovers New Oil During Drilling Program
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…